🇺🇸 Trump rang the bell to open the market, sparking heated discussions in the market!
1️⃣ New York Stock Exchange Ringing the Bell
US President-elect Donald Trump rang the opening bell at the New York Stock Exchange today. At the same time, he was named Person of the Year 2024 by Time magazine, once again becoming the focus of the world.
2️⃣ Manufacturing tax policy
In an interview after ringing the bell, Trump made it clear that he would vigorously promote the return of manufacturing to the United States:
21% tax rate deters overseas production: If companies choose to produce goods overseas, they will be taxed at 21%. 15% tax rate encourages local manufacturing: Companies that produce goods in the United States will enjoy a preferential policy of reducing the tax rate to 15%.
This policy shows that Trump attaches importance to the development of the local economy and tries to attract companies to return to the United States through tax leverage to inject vitality into the US manufacturing industry.
3️⃣ The rise in the stock market is attributed to the victory in the election
Trump bluntly attributed the recent rise in the stock market to his victory over Biden (not Harris). He said:
"The stock market means a lot to me. It has always been a barometer of economic confidence."
4️⃣ Plan to return to the White House
Trump also revealed that he plans to establish closer ties with some of the world's richest and most influential people to further promote economic growth and policy reforms.
🔮 Market Interpretation: What does it mean for the crypto market?
Trump's policy of returning manufacturing to the US dollar may strengthen demand for the US dollar and put pressure on the crypto market in the short term. However, in the long run, if traditional financial markets are turbulent, investors may continue to turn to safe-haven assets such as Bitcoin.
📢 How do you think Trump's policies will affect the cryptocurrency market? Welcome to leave a message to discuss!
