"Inefficient permitting processes discourage investment and innovation, limiting the ability of U.S. companies to lead in global space markets," he stated in an Executive Order signed August 13.
President Donald Trump signed an executive order directing government agencies to "eliminate or expedite" environmental reviews for commercial launch and reentry licenses to streamline processes.
The department of government efficiency (Doge) is using artificial intelligence to create a delete list of federal regulations, proposing to use the tool to cut 50% of regulations by the first anniversary of Donald Trump's second inauguration.
The government is consulting on deregulating chemicals to reduce costs to business, proposing that chemicals approved by trusted foreign jurisdictions should be used in the UK.
Regulation was acting like a boot on the neck of business, choking off enterprise and innovation. Cutting red tape would have a ripple effect on the whole economy.
Instead, that's the exact opposite of what happened. Just a day after Lutnick announced a deal had been signed, news broke that Trump is on the cusp of signing executive actions which would dramatically escalate the so-called "AI arms race" with China.
Trump's assault on environmental protections has resulted in 145 actions to weaken regulations during his administration's initial 100 days, exceeding the total rollbacks of his first term.
