Economy Directives
Leading The World in Supersonic Flight
President Trump issued an executive order to reignite US leadership in supersonic flight.
The order directs the Federal Aviation Administration (FAA) to reform outdated regulations prohibiting overland supersonic flight.
It also mandates the Office of Science and Technology Policy (OSTP) to coordinate research and development efforts and the Department of Transportation to foster international cooperation.
The aim is to create a regulatory and technological framework that promotes the development and use of commercially viable and safe supersonic aircraft.
Unleashing American Drone Dominance
This executive order prioritizes the advancement of the US drone industry.
It mandates actions to accelerate the safe integration of drones into national airspace, bolster domestic manufacturing and export, and establish a pilot program for electric vertical takeoff and landing (eVTOL) aircraft.
The order also focuses on strengthening national security by prioritizing American-made drones for defense purposes and streamlining their procurement and training.
Eliminating Waste, Fraud, and Abuse in Medicaid
President Trump issued a memorandum to address what he claims is excessive and wasteful spending in the Medicaid program.
The memorandum directs the Secretary of Health and Human Services to take action to eliminate waste, fraud, and abuse within Medicaid and to align Medicaid payment rates with those of Medicare—a move the president characterizes as necessary to protect the financial stability of both programs and ensure access to care for seniors and vulnerable groups.
The President contends that the Biden administration enabled states to circumvent cost controls resulting in unsustainable spending.
National Ocean Month, 2025
President Trump's 2025 proclamation designates June as National Ocean Month, emphasizing the significance of oceans to American security, the economy, and national identity.
The proclamation highlights actions taken to bolster the nation's maritime dominance, including renaming the Gulf of Mexico, revitalizing offshore critical mineral extraction, boosting domestic seafood production, and opening the Pacific Remote Islands National Monument to commercial fishing.
The President asserts these policies foster American prosperity and protect national interests.
Adjusting Imports of Aluminum and Steel into the United States
President Trump's June 3, 2025, proclamation increases tariffs on steel and aluminum imports from 25% to 50% to protect national security and support domestic industries.
These adjustments build upon previous proclamations and actions targeting imports deemed detrimental to the country's security.
The proclamation modifies existing tariff measures and considers special treatment for imports from the United Kingdom under the US-UK Economic Prosperity Deal, while emphasizing enforcement and penalties for under-reporting declarations for steel and aluminum content in imported goods.
President's order implements automatic spending cuts, or sequestration, of the federal budget for Fiscal Year 2026.
The order is based on the Balanced Budget and Emergency Deficit Control Act, referencing the Office of Management and Budget's May 30, 2025 report to determine the amount of budget reductions for each non-exempt account, effective October 1, 2025.
The cuts must adhere strictly to the Act's requirements and the OMB report specifications.
World Trade Week, 2025
President Trump's 2025 World Trade Week proclamation reaffirms a commitment to balanced and reciprocal trade that prioritizes American workers and industries.
It highlights the administration's actions, including tariffs and job training initiatives, to combat unfair trade practices and bring jobs back to the US. The proclamation declares May 18-24, 2025, as World Trade Week, celebrating the achievements of American trade, signaling a continued focus on an 'America First' trade policy.
Deploying Advanced Nuclear Reactor Technologies for National Security
This executive order establishes a comprehensive policy to accelerate the development, deployment, and export of advanced nuclear reactor technologies for national security purposes.
It directs several federal agencies to implement specific programs, including deploying nuclear reactors at military bases and Department of Energy facilities, allocating resources for related research and development, and aggressively promoting American nuclear exports through diplomatic and financial initiatives.
The order also emphasizes compliance with environmental regulations and seeks to streamline permits and approvals.