Trump promises 'expedited' approvals, permits for firms investing $1 billion+ in U.S.

President-elect Donald Trump on Tuesday promised firms that investing $1 billion or more in the United States would receive expedited approval on their myriad projects from his administration.

"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!!!" he posted on Truth Social.

On the campaign trail, Trump pitched ramping up energy production as a means of tackling inflation and the rising cost of living, contending that a decline in energy prices would lower the price of other commodities.

The proposal comes as Trump expands his tariff threats toward neighboring nations as he looks to renegotiate trade and security relationships with key American partners.