Trump’s latest economic strategy aims to reignite American industry through major investments and streamlined regulations.

At a Glance

• Trump proposes expedited approvals for $1 billion investments.
• Regulatory reductions continue from his first term’s initiatives.
• The plan aims to attract substantial corporate interest.
• Regulatory contrast is evident between the Trump and Biden administrations.

Incentivizing Billion-Dollar Investments

President-elect Donald Trump plans to incentivize investments by offering fully expedited regulatory approvals for any company investing $1 billion or more in the United States. This initiative aims to boost corporate interest and continue the deregulatory efforts seen during Trump’s previous term.

“Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals,” Trump wrote on Truth Social.

Trump announced this plan on the Truth Social platform, encouraging investors with the words, “GET READY TO ROCK!!!” This announcement highlights his focus on large-scale investments as a catalyst for revitalizing the U.S. economy, offering a competitive edge against vested global interests.

President-elect Donald Trump said he will give fully expedited approvals and permits to any person or company investing $1 billion or more in the US https://t.co/VEoOvzN9Ql

— Bloomberg Markets (@markets) December 10, 2024

Deregulation as a Growth Driver

During his first term, Trump emphasized deregulation by issuing Executive Order 13771, which required removing two old regulations for every new one introduced. This strategy continues into his upcoming term with plans to expand deregulation efforts, targeting the removal of 10 regulations for every new one.

The approach contrasts sharply with President Biden’s administration, known for its significant expansion of federal regulations, leading to a record number of Federal Register pages filled in a single year.

Potential Obstacles and Wider Intentions

The plan isn’t without its challenges. Concerns over environmental impacts and public safety will undoubtedly lead to opposition from various groups. Additionally, the feasibility and rapid implementation of these regulatory changes remain uncertain. However, Trump’s administration remains focused on broader governmental reforms, proposing a new Department of Government Efficiency (DOGE) to tackle excessive regulations and spending.

Prominent figures such as Elon Musk and Vivek Ramaswamy have expressed support, emphasizing the potential benefits for highly regulated companies like Tesla and SpaceX. Meanwhile, Trump’s focused efforts on environmental approvals are likely to roll back Biden-era climate and energy policies.