The first time President-elect Trump has addressed the nation since his election victory was certified on Tuesday when he spoke to the nation.
Trump held a news conference at Mar-a-Lago, just one day after Vice President Kamala Harris and Congress certified his victory in the electoral college. Trump used the occasion to announce new data centers worth $20 billion across the nation.
Trump claims that the $20 billion investment will be made by DAMAC Properties over a short period of time. Hussain Sajwani and Trump, the owner of the company, have detailed the investment’s focus on Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.
Sajwani stated that the investment was made to facilitate the development of cloud-based and AI technologies.
Trump said that his administration will adopt a policy to expedite approvals for companies seeking to invest at least $1 billion in the U.S. He claimed that many foreign companies see U.S. regulation as “a quagmire.”
Trump continued, mentioning other regulations, “If you spend a billion or more dollars, we will move them through the environmental process quickly.”
Trump’s exchanges with reporters touched also on the Panama Canal. Trump has expressed an interest in retaking the canal for the U.S. He criticized President Jimmy Carter for selling it during his tenure. The late president’s body, which passed away on December 29, is en route to Washington D.C., and will be laid in state between 7 p.m. and midnight.
Trump announced that he would “immediately reverse” President Biden’s bans against new oil drilling in the United States, especially off its coasts. He claims that his administration will “drill, baby, drill.”
Trump’s remarks come after Biden issued an 11th-hour Executive Order Monday morning to limit oil growth, exactly two weeks before the end of his term. The order announced a permanent halt to most new drilling in U.S. offshore and coastal waters covering an area that spans approximately 625 million acres.
