Trump pledged to ramp up oil drilling and reduce energy resource prices.

Donald Trump, the 47th President of the United States, has declared a state of emergency in the energy sector, which will allow the extraction of energy resources in previously restricted areas. He announced this during his first speech after the inauguration.

Energy Policy and Inflation Fight

Trump linked the inflation crisis to rising energy prices and excessive spending.

"Today I am declaring a state of emergency in energy. We will drill, baby, drill. [...] We will become a wealthy nation once again, and it is the liquid gold beneath our feet that will help us achieve this," the president emphasized.

Economic Measures

Trump also promised to:

• Implement tariffs on foreign goods to protect American manufacturing.
• Reduce inflation levels.
• Eliminate tax incentives for electric vehicles, stating that Americans should be able to choose which cars to buy.

"We will once again manufacture cars in America at a pace that no one could have dreamed of just a few years ago," Trump declared.