The market just tanked, but all the while, and especially within the last few hours, significant deregulatory actions have been announced by both the Federal Communications Commission (FCC) and the Department of Energy (DOE). This is a big moment for businesses all over the country. Huge swaths of money are spent yearly on random, outdated, and redundant legal costs. Making this more efficient, saves money for all. Profitability metrics enhance quickly.

FCC Chairman Brendan Carr has launched an initiative titled “Delete, Delete, Delete.” First of all, what a name! Delete, delete, delete. The deregulation now truly begins.

The FCC is particularly interested in rules that may be outdated or unfairly disadvantage American-owned businesses. The public can submit comments through the FCC website over the next 30 days.

There’s more, as concurrently, Lee Zeldin in charge of the EPA is slashing regulations and burdens that put costs on everyone from truck drivers to drillers and more. From my vantage point, this is a big deal for truckers, and thus, the prices of goods that are shipped around the country. Is it possible we have been tariffing ourself internally this entire time? Let me explain.

Tucks are fairly important component to the costs of all goods as they ultimately ship items across the country. The latest deregulations appear to cut all kinds of added, random taxes and charges for truckers. If these deregulations reduce the average cost per truckload by $350, and approximately 1 million trucks operate daily in the U.S., the potential savings are $350 million saved per day and $127.75 billion saved per year just in trucking deregulation costs. Ultimately, that leads to a reduction in price for the goods they are shipping—they can truck things around at lower prices. So yes, we were tariffing our trucking industry this whole time.

With over 100 federal agencies, these initial deregulatory actions by the FCC and EPA may indicate a broader trend that’s just picking up. I expect to see many more all year long. Several hundred more agency announcements await!