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Trumponomics returns as new prez signs blitz of orders to scrap EV mandate, tackle inflation, withdraw from Paris Agreement

January 20, 2025
in News, Politics
Trumponomics returns as new prez signs blitz of orders to scrap EV mandate, tackle inflation, withdraw from Paris Agreement
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Trumponomics has roared back into the White House as President Trump signed a flurry of executive orders aimed at ushering in a “golden age of America” by taking a sledgehammer to the regulatory state and ramping up energy production.

Much of Trump’s Day One economic agenda centered around energy policy, where Trump dusted off the playbook to and reversed a spate of Biden-era policies restricting oil leasing, setting goals for electric vehicle output and more.

“The biggest factor for inflation is energy. They screwed up my energy policy,” Trump said during a gaggle with reporters while signing executive orders. “We’re going to make a lot of money from energy.”

Trump also signed an executive order that was specific to inflation and directed federal agencies to mobilize for an all-of-government approach to tackle the cost of living crisis.

But his advisers believe that scrapping Biden’s old energy policy is paramount to giving the economy a boost.

“The President is taking these actions as soon as possible here on day one, so that we can lower prices as soon as possible for the American people,” a White House official explained to reporters.

The post Trumponomics returns as new prez signs blitz of orders to scrap EV mandate, tackle inflation, withdraw from Paris Agreement appeared first on New York Post.

Tags: EconomicsTrumpTrump inauguration 2025
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