Policy analysis reports from major news outlets and government publications

Trump Taps 7 Billionaires for Administration, European Leaders Seek Influence

Dec 10, 2024, 04:07 PM

Donald Trump, the president-elect, is assembling his second administration with a notable inclusion of billionaires and other mega-wealthy figures, with reports indicating that he has tapped at least seven fellow billionaires for key positions. This move is part of Trump's broader strategy to prioritize economic policies that favor the oil and gas industry, with a commitment to significantly increase domestic oil production, encapsulated in his slogan 'drill, baby, drill'. European leaders such as Orban, Macron, and Meloni are vying for influence over Trump's foreign policy, particularly in relation to energy dominance and economic policies. Trump's focus on 'energy dominance' aims to elevate the U.S. as a global leader in oil production, although some experts caution that this ambition might be overly optimistic.