Low interest rates, tax cuts, support for cryptocurrencies... Trump reveals his plan to return to the White House

According to the financial news app Zhitong Finance, after surviving an assassination attempt and delivering a strong debate performance, the possibility of former US President and Republican Donald Trump being re-elected is on the rise. This has led Wall Street to prepare for the potential sticky inflation, protectionist trade policies, and rising long-term bond yields that may arise if he wins the election. However, Trump is dismissive of these concerns. In an interview, he stated, "Trumponomics" is synonymous with low interest rates and low taxes, and his goal is to make the economy great again through his economic plan. This will be a "huge driving force to complete the mission and bring businesses back to our country." Here are some of the plans Trump revealed for his return to the White House: Economy, Employment Trump will allow Federal Reserve Chairman Powell to complete his term, which ends in May 2026. "I will make him stick it out," Trump said, "especially if I think he's doing the right thing." However, he stated that the Fed should not cut interest rates before the November election to avoid boosting the economy and benefiting Biden. "They know they shouldn't do that," he said. Currently, the market expects two rate cuts this year, with one possibly in September before the election. Additionally, Trump mentioned that he would consider JPMorgan Chase CEO Jamie Dimon as Treasury Secretary. This marks a softening of his views on the CEO of Morgan Stanley, whom he called an "overrated globalist" last year. To combat inflation, Trump plans to lower prices by paving the way for more oil and natural gas drilling. He said, "We have more liquid gold than anyone." He also believes that his proposed trade tariffs will bring unexpected wealth to the US, although economists suggest that his plan may exacerbate inflation and consumer taxes. Trump also plans to implement strict immigration restrictions, believing this will promote domestic employment and reiterating that illegal immigrants are taking away jobs. It is worth noting that data from the US Bureau of Labor Statistics shows that since 2018, the largest job growth has been among US citizens and legal residents. Taxation, Social Media, Cryptocurrency Trump hopes to reduce the corporate tax rate to 15%, even lower than his promise last month to lower the rate from the current 21% to 20% for CEOs. He also plans to reduce regulations. Regarding social media, Trump believes that companies have become "too big, too powerful." Nevertheless, he will not ban TikTok, owned by ByteDance, on the grounds of needing competition. "If there's no TikTok, just Facebook and Instagram—you know, that's Zuckerberg," Trump said, expressing his dissatisfaction with Facebook's decision to indefinitely ban his account after the January 6, 2021 US Capitol riot. As for cryptocurrency, although Trump previously called Bitcoin a scam, he now believes that top cryptocurrencies and other cryptocurrencies should be made in the US Foreign Policy Trump also plans to impose a 10% tariff on all goods imported into the United States to ensure economic fairness. When asked if Saudi Arabia would be unhappy about increasing drilling in the United States, Trump disagreed, as he has a close relationship with Saudi Crown Prince Mohammed bin Salman