Trump says businesses that invest over $1 billion in US will receive ‘fully expedited approvals and permits’

"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. GET READY TO ROCK," Trump wrote.

Elon Musk, who has been tapped to co-head the new Department of Government Efficiency (DOGE) alongside Vivek Ramaswamy, wrote, "This is awesome."

This comes as Trump has expressed a desire to restart the Keystone XL pipeline, a project abruptly stopped by President Biden early in his term. A source familiar with Trump's plans told Politico last week, "It’s on the list of things they want to do on the first day." During his campaign, Trump criticized Biden's cancellation of the project: "Why does Biden go in and kill the Keystone [XL] pipeline and approve the single biggest deal that Russia’s ever made, Nord Stream 2, the biggest pipeline anywhere in the world going to Germany and all over Europe?"

Trump has also vowed to block the acquisition of US Steel by Japanese steel company Nippon Steel, writing, "I am totally against the once great and powerful US Steel being bought by a foreign company, in this case Nippon Steel of Japan. Through a series of Tax Incentives and Tariffs, we will make US Steel Strong and Great Again, and it will happen FAST! As President, I will block this deal from happening. Buyer Beware!!!"

During his campaign, Trump proposed the "Build It In America" policy, which will offer lower taxes, reduce energy costs, and cut red tape by removing regulatory burdens for companies that manufacture in the US, as well as a 15 percent corporate tax rate exclusive to American-made products, which would be down from the usual 21 percent.

"The US lost nearly 4 million manufacturing jobs after globalist politicians gave us the twin disasters of NAFTA and China’s entry into the WTO. Nearly a quarter of a million jobs were destroyed here in Michigan alone—including 40 percent of all auto jobs," Trump said. "I renegotiated Obama’s Korea trade deal to fully restore the protective tariff on foreign pickup trucks. Without that tariff, every single one of the Detroit Big Three could right now be out of business—50% of their U.S. sales are pickup trucks. Perhaps most importantly, I imposed a 27.5 percent tariff on all Chinese automobiles. In other words, I kept Chinese cars out of America."