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Trump is holding off on tariffs but betting Day 1 moves can cut energy prices and tame inflation

SeattlePI.com Monday, 20 January 2025
Donald Trump is holding off on tariffs during his first day and placing a big bet that his executive actions can cut energy prices and tame inflation. But it’s unclear whether his orders will be enough to move the U.S. economy as he promised. Executive orders coming Monday are meant to ease the regulatory burdens on oil and natural gas production. He also intends to declare a national energy emergency in hopes of jumpstarting more electricity production to build out technologies such as artificial intelligence that rely on data centers using massive amounts of energy. All those details are according to an incoming White House official who insisted on anonymity while outlining Trump’s plans.
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Video Credit: AFP English - Published
News video: Trump threatens sanctions on Russia, tariffs on EU and China

Trump threatens sanctions on Russia, tariffs on EU and China 00:54

"The European Union is very, very bad to us," says US President Donald Trump, threatening tariffs against the bloc, as well as China, which he accuses of "sending fentanyl to Mexico and Canada". Speaking at the White House on the first full day of his second term in office, Trump also says further...

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