The incoming Trump administration has previewed a number of first-day economic executive actions aimed at expanding domestic energy production and lowering prices, officials said.
As CNN previously reported, President Trump is expected to sign an executive order that will reduce bureaucracy and regulation of energy production.
He will also focus on “Alaska in particular” and its “rich natural resources” and sign executive orders rescinding protections put in place during the Biden administration, an incoming White House official said.
Officials declined to elaborate when asked for details about Alaska’s move.
That includes “ending the electric vehicle mandate,” a Biden signature issue that President Joe Biden is overseeing. Biden’s policy is not an actual mandate, but instead aggressive tailpipe rules for cars and trucks were finalized in March 2024. The Biden administration has allowed plug-in hybrid vehicles (vehicles that combine a gasoline engine and an EV-like battery) to play a larger role. It will play a bigger role in the transition to electricity.
President Trump will also sign a “national energy emergency,” the incoming official said.
“The rationale for this national energy emergency is that high energy costs are unnecessary and intentional,” the official said, adding that the move “will help our country rebuild quickly and Produce more natural resources, create jobs, generate prosperity, and strengthen our national security.”
Whether President Trump intends to invoke any of the authorities he has access to due to a national emergency, or whether the measure will be used more broadly as a messaging point to emphasize the new administration’s focus on the core issues of the campaign, It remains unclear whether
Trump also plans to sign a presidential memorandum on inflation that calls for a “whole-of-government approach to reducing costs,” the official said.
Meanwhile, Trump’s advisers say the president plans to take a more cautious approach to tariffs, a key policy issue for him.
President Trump is expected to sign a memorandum directing his administration to conduct a full review of trade relations, focusing on trade deficits, unfair trade practices and possible currency manipulation.
