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President-elect Donald Trump is scheduled to ring the bell at the New York Stock Exchange. The event will take place on Thursday and is a fitting photo opportunity as Trump’s inauguration approaches.
The ceremonial ringing of the bell is a longstanding tradition with various leaders and celebrities taking part over the years. As First Lady, Melania Trump participated in the event in 2019 to promote her “Be Best” campaign against online bullying.
Mr. Trump emphasized his commitment to strengthening the economy throughout his campaign. As election day approached, polls showed voters favored Trump over Democratic nominee Kamala Harris on the economy by a significant margin. The economy also consistently ranked highly as a top issue among voters. As Trump prepares to take office as 47th President of the United States, he has continued to meet with world leaders and lay out plans to improve the economy.
Even before taking office, Trump has communicated his plans to strengthen trade relations in a way that boosts the U.S. economy. His proposals of tariffs on Canada and China have been presented as a way to improve trade relations for the U.S., but also to incentivize the two countries to do their part in protecting their borders and obstructing the flow of illegal drugs such as fentanyl into the U.S.
Trump has touted deregulation and tax cuts as a standard part of his economic plan. The Trump tax cuts are poised to continue the path set by his first administration, which saw improved economic growth resulting in higher tax revenue throughout the years of the Biden administration. The market has reacted favorably to the prospect of the incoming Trump administration, with the S&P 500 index rising since the election.
Trump announced on Tuesday that he is ready to expedite approvals for anyone ready to invest $1 billion or more in America.
Trump shared the pro-business pitch in a post to his Truth Social account with details of his plan.
“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!!!” Trump wrote.
