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Trump’s Power Play: Executive Orders Reshape Energy, Drug Prices & Consumer Rules

Updated: May 23, 2025 23:38

Image Source: Reuters
President Donald Trump has signed multiple executive orders from the Oval Office, targeting nuclear energy, drug pricing, and consumer appliance regulations. Here’s a breakdown of the major announcements:
 
Key Highlights:
 
Boosting Nuclear Power: Trump invoked the Defense Production Act to declare a national emergency over U.S. dependence on Russia and China for enriched uranium. The orders streamline approvals for new reactors and strengthen domestic fuel supply chains.
 
Drug Price Overhaul: A new order directs pharmaceutical companies to align U.S. drug prices with international rates. The Department of Commerce and U.S. Trade Representative have 30 days to set price targets, with further action if companies fail to comply.
 
Consumer Appliance Regulations Repealed: Trump rescinded Biden-era energy efficiency standards on gas water heaters, refrigeration units, and household appliances, arguing that they imposed unnecessary costs on businesses and consumers.
 
These executive actions reflect Trump’s broader agenda of deregulation and economic restructuring. Industry leaders and policymakers are expected to react swiftly to the sweeping changes.
 
Source: US News, MSN, OneIndia

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