Just 10 days into his first term in office, Trump signed the order installing the aforementioned 2-for-1 deregulatory benchmark, but former President Joe Biden rescinded that order on his first day in office. Trump officials say the president went on to leave office removing five regulations for each one added.

"President Trump is taking decisive action to protect Americans from the fentanyl crisis," the White House said. The executive order imposing sanctions on Canada, Mexico, and China also includes a retaliation clause.