New York Stock Market Closing Bell: Trump's 'Spectacular Comeback'... "US Economy Will Strengthen"

TIME's Person of the Year
Second Time Since 2016
Trump Views Stock Market as a Measure of Economic Policy Success
"Event at the Heart of US Capitalism Symbolic for Trump"

Donald Trump, the President-elect of the United States, rang the opening bell at the New York Stock Exchange on the 12th (local time) to celebrate being named Time magazine's 'Person of the Year.' After winning the 2016 presidential election and losing the 2020 re-election, Trump, who will return to the White House next year after four years, predicted a spectacular comeback by stating, "The U.S. economy will become very strong." Bloomberg News evaluated the event held at the symbolic center of American capitalism as highly significant for a leader who frequently uses the stock market as a measure of economic policy success.

On this day, Trump visited the New York Stock Exchange in Manhattan to ring the opening bell at 9:30 a.m. Eastern Time in celebration of being named Time's Person of the Year. This is the second time Trump has been selected as Time's Person of the Year since his first victory in the 2016 presidential election.

Trump's wife, Melania Trump, and key figures expected to participate in Trump's second-term administration attended the event in large numbers. Among them were Scott Bessent, nominee for Secretary of the Treasury; Howard Lutnick, nominee for Secretary of Commerce; Robert F. Kennedy, nominee for Secretary of Health and Human Services; and J.D. Vance, Vice President-elect.

As 'God Bless the USA,' the song that played during his campaign rallies, echoed, Trump appeared and, before ringing the opening bell, reiterated his economic campaign promises including tax cuts such as corporate tax reduction, expansion of oil production, and easing inflation. In particular, during his candidacy, he pledged to lower the top corporate tax rate from the current 21% to 15%, reduce income taxes, and exempt tips and Social Security benefits from taxation.

Trump emphasized, "We will provide tremendous incentives that no other country has done," adding, "We will cut your taxes. We will reduce them very significantly."

The event, held amid the 'Trump rally' where the stock market surged following the November 5 U.S. election due to expectations of pro-business, pro-growth policies and deregulation under Trump, was seen as highly symbolic for Trump, who has consistently emphasized the achievements and confidence in his economic policies. His appointment of Wall Street hedge fund billionaire Scott Bessent, CEO of Key Square Group, as Treasury Secretary, the economic chief of his second-term administration, was also seen as a decision to have a market-friendly figure lead the stock market rise and drive economic policy.

Bloomberg News stated, "Trump has transformed from a former president who refused to concede defeat four years ago to the President-elect who overwhelmingly won the White House race last November," and added, "This honor bestowed on a businessman-turned-politician is a measure that Trump has made an astonishing comeback."

In an interview with Time released on the same day, Trump expressed his intention to pardon those involved in the 'January 6 Capitol riot,' which occurred after disputing the 2020 election results, immediately after his inauguration on January 20 next year, and to deploy the military for the deportation of illegal immigrants.

Regarding pardons for those involved in the January 6 Capitol riot, he said, "It will start within an hour (of taking office)," adding, "Probably within the first nine minutes."

On the plan to deploy the military for large-scale deportation of illegal immigrants, Trump said, "If they invade our country, you cannot stop the military deployment," and added, "I will do only what the law allows, but if the law permits, it will go to the maximum level."

This content was produced with the assistance of AI translation services.