Trump's initial actions focus on regulatory relief and energy production, but skepticism remains about their effectiveness in significantly impacting inflation or moving the economy as promised.
The incoming administration's plans include easing oil and natural gas production regulations and declaring a national energy emergency to stimulate competition in high-energy technology sectors.
Despite threatening tariffs during his campaign, Trump appears cautious about implementing them immediately, opting instead for a memo directing federal agencies to examine trade issues.
The official noted that although inflation rates have fluctuated, wages continue to lag behind price growth, posing significant challenges for the new administration's economic goals.
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