Emergency or policy? Unpacking Trump's take on US energy and metals
Commodities Focus28 Tammi 2025

Emergency or policy? Unpacking Trump's take on US energy and metals

Within hours of being sworn in as the 47th president of the United States, Donald Trump issued a series of executive orders, and declared a national emergency with the aim of ensuring reliable energy supplies and position the US as a leading minerals producer. Trump also threatened tariffs on Canada and Mexico -- major exporters of crude to the US. How have commodities markets responded to Trump's actions? What powers do these emergency declarations give Trump to boost production? And how will this reliance on emergencies and executive orders play out down the road as new administrations shift energy policy?


Jeff Mower, director of Americas oil news, discusses the emergency declaration and the executive orders with senior editors Eamonn Brennan, Taylor Kuykendall, Maya Weber and Kate Winston.

Links:

Trump's executive orders on trade, immigration signal dealmaking intent (video)

Trump's return to office could raise solar panel production costs (video)

FACTBOX: Trump launches round of executive orders to boost energy output (subscriber content)

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