Mon Jan 20 21:00:53 UTC 2025: **Trump’s First Day: Energy Focus, Tariff Threat Remains**
Washington, D.C. – Despite campaign promises of sweeping import tariffs, President Donald Trump’s first day in office saw no immediate implementation of such measures. While the threat of tariffs, particularly against China, Mexico, and Canada, remains, experts believe the administration is opting for a more strategic approach.
Trump announced the creation of a new External Revenue Service to collect tariffs and other revenues, hinting at future tariff actions. His focus on Monday, however, centered on bolstering domestic energy production, declaring a national energy emergency and promising increased oil and gas drilling. He also pledged to refill the Strategic Petroleum Reserve and revoke what he termed an electric vehicle mandate (though no such formal mandate exists).
The administration’s prioritization of energy is seen as a key element in Trump’s economic strategy, impacting manufacturing and national security, especially in the context of an artificial intelligence arms race with China. The potential use of emergency powers to ease environmental regulations and expedite energy projects is also on the table.
While the immediate absence of tariffs suggests a more measured approach, economic and political risk expert Rachel Ziemba noted that the administration’s overall goals for tariff revenue suggest the threat remains a potent tool for future negotiations, particularly concerning a previous trade deal with China that Beijing failed to fully meet. The administration’s current strategy may involve leveraging this threat to secure desired outcomes before resorting to widespread tariff implementation. Concerns about inflationary pressures and potential harm to US economic interests are also likely influencing this calculated delay.
First Piper 