Trump tariffs: President hopes Day 1 moves can cut energy prices, tame inflation (1 Viewer)

  • Thread starterJosh Boak, Matthew Daly, Paul Wiseman | The
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    Josh Boak, Matthew Daly, Paul Wiseman | The

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    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.

    “The inflation crisis was caused by massive overspending,” Trump said in his inaugural address as he suggested that increase oil production would lower prices.

    Orders coming Monday, including one tied to Alaska, are meant to ease the regulatory burdens on oil and natural gas production. He also intends to...

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