Michelle Fleury
BBC World News Correspondent

Trump’s incoming team have confirmed reporting in the Wall Street Journal that while the incoming president will issue a memo directing federal agencies to study trade policies, there will not be new tariffs announced today.

The incoming Trump administration will also sign a presidential memorandum on inflation for an “all of government approach” to bring down prices “as soon as possible”, according to incoming White House administration officials.

They also said that Trump would make good on Trump’s
campaign promise to “drill baby drill”, taking a number of actions to
boost American energy production.

One executive order is focused on Alaska. The state
was described as having an incredible abundance of natural resources that
previous administrations had failed to take advantage of. Critical minerals
were mentioned as being crucial.

Additionally, Trump will sign an executive order
declaring a National Energy Emergency. Officials said “high costs of
energy” were unnecessary and had been punitive for people over the past four
years.

The action is also crucial, they told reporters, because of the AI (artificial intelligence) race – the US needs to generate the power to stay at the forefront of this
technology which requires a lot of energy.