What changes could Trump's executive orders bring to the economy?

Donald Trump has taken office as the 47th president of the United States and plans to sign multiple executive orders addressing economic issues. The first order targets inflation and energy by declaring a national energy emergency and aiming to increase U.S. oil and gas production alongside exports. Trump will revoke the existing electric vehicle mandate to bolster the American automotive industry and support U.S. autoworkers. He proposes the creation of the External Revenue Service to collect tariffs and taxes from foreign entities, benefiting American citizens. Additionally, Trump aims to establish the Department of Government Efficiency to streamline bureaucratic processes.

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