According to CCTV News, on December 8 local time, U.S. President-elect Donald Trump detailed the comprehensive reforms he will implement after taking office. Trump stated that he will fulfill his campaign promise to impose tariffs on imports from the United States' largest trading partner. However, when asked if he could &#34;guarantee that American families would not pay more due to his plans,&#34; he acknowledged the uncertainty.
Additionally, Trump stated in a recent interview that he has no plans to replace Federal Reserve Chairman Jerome Powell when he returns to the White House, as Powell's term will last until May 2026. When asked if he plans to shorten the term of the Federal Reserve Chairman, Trump replied, &#34;I do not.&#34;
Currently, some of Trump's policy plans have faced warnings and skepticism. Outgoing U.S. Secretary of Commerce Gina Raimondo warned that Trump's suggestion to impose high tariffs on semiconductor imports, to replace the current federal subsidies provided to domestic chip manufacturers, is a &#34;terrible idea&#34; that could jeopardize national security.
<h2>Trump Announces</h2>
On the evening of December 8 Beijing time, according to the CCTV News client, on December 8 local time, U.S. President-elect Donald Trump detailed the comprehensive reforms he will implement after taking office.
Trump stated that he will fulfill his campaign promise to impose tariffs on imports from the United States' largest trading partner. However, when asked if he could &#34;guarantee that American families would not pay more due to his plans,&#34; he acknowledged the uncertainty.
Immigration issues are one of the core topics of Trump's campaign. Trump announced plans to deport millions of illegal immigrants and attempt to eliminate birthright citizenship.
When asked about families with mixed immigration status (some members legally residing while others illegally), Trump said, &#34;I don't want to separate families, so the only way not to separate families is to keep them together; you have to send them all back.&#34;
Trump stated that the costs and logistical complexities of deporting millions of people have not deterred him.
On foreign policy, Trump stated that he is actively working to end wars, and when he is in power again, Ukraine &#34;may&#34; not receive as much military aid from the U.S. He also stated that he would not commit to keeping the U.S. in NATO unless &#34;they pay their bills.&#34;
Additionally, Trump stated that he will work to extend the tax cuts he passed during his first term, will not seek to impose restrictions on abortion pills, and will pardon those convicted due to the January 6, 2021, &#34;Capitol riot.&#34;
<h2>&#34;Will Not Remove Powell&#34;</h2>
On December 8 local time, according to NBC News, Trump stated that he has no plans to replace Federal Reserve Chairman Jerome Powell when he returns to the White House, as Powell's term will last until May 2026.
When asked if he plans to shorten the term of the Federal Reserve Chairman, Trump replied, &#34;I do not.&#34;
Trump said on NBC's program: &#34;I think if I told him, he would (resign), but if I asked him (to resign), he might not.&#34;
Powell made it clear in the days following the election that he was prepared to defend the independence of the Federal Reserve from political pressure. He told reporters that he would not resign if Trump asked him to and insisted that the incoming president had no power to fire him or other senior leaders of the Federal Reserve.
Looking back, in February 2018, Trump appointed Republican and former private equity executive Powell as the Chairman of the Federal Reserve Board. Shortly thereafter, during a dispute over interest rates, Trump suggested he might remove Powell.
The two clashed multiple times during Trump's first term, with Trump publicly criticizing the Federal Reserve under Powell's leadership, complaining that it kept interest rates too high, and even threatening to fire him. In 2022, President Biden reappointed Powell as Chairman of the Federal Reserve for a four-year term.
This has also raised widespread concerns in the market about political interference in the Federal Reserve's policy-making.
Wall Street analysts believe that political conflict may be inevitable in the next four years. Trump's proposals for tax cuts and imposing high and broad tariffs could lead to high inflation in an economy operating near full capacity. If inflation accelerates again, the Federal Reserve will need to maintain high interest rates.
Former Chief Economist of the International Monetary Fund Olivier Blanchard recently stated, &#34;The risk of conflict between the Trump administration and the Federal Reserve is very high,&#34; and if the Federal Reserve raises interest rates, &#34;it will hinder the fulfillment of what the Trump administration wants.&#34;
<h2>Danger Warning</h2>
On December 8, Reference News cited the website of The Washington Post, reporting that outgoing U.S. Secretary of Commerce Gina Raimondo warned that the proposal by elected President Trump to impose high tariffs on semiconductor imports, replacing the current federal subsidies provided to domestic chip manufacturers, is a &#34;terrible idea&#34; that could jeopardize national security.
On December 7, Raimondo stated at the Reagan National Defense Forum that providing billions of dollars in federal subsidies to strengthen domestic chip production is crucial to ensuring that the U.S. military and economy do not rely on chips manufactured outside the U.S.
The report mentioned that the CHIPS and Science Act passed by the U.S. in 2022 allocated $52 billion as subsidies for new commercial chip factories and semiconductor research institutions.
Before the U.S. election, Trump criticized the CHIPS and Science Act on a podcast and called for high tariffs on imported chips to force companies to relocate production to the U.S.
Raimondo's comments were in response to questions about Trump's remarks. Raimondo said, &#34;This is a terrible idea, a reckless idea.&#34;
Author of this article: Zhou Le, source: [Securities China](https://mp.weixin.qq.com/s?__biz=MzA3NjM5MjIwOQ==&amp;mid=2652194657&amp;idx=1&amp;sn=55f1f402701ca51e0bcd7b8f4d73dbd5&amp;chksm=85077d9d355e55180c8ecd05f07c2f5770b878bc448e2056667365bd3999707821538b85a440&amp;mpshare=1&amp;scene=23&amp;srcid=1209mArbEGTGmgVUzQlilUck&amp;sharer_shareinfo=1962f754c2d42eef1530af09f1f4ff86&amp;sharer_shareinfo_first=6e4da9f96
f2d5fe4331082acb0edb30b#rd), Original title: &#34;Late Night! Trump, Announce!&#34;
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In his first television interview, Trump detailed his reform plans after taking office, including imposing tariffs on imported products, maintaining the term of Federal Reserve Chairman Jerome Powell, and planning to deport millions of illegal immigrants while canceling birthright citizenship. He acknowledged that the policies could lead to uncertainty for American families and faced warnings from some officials. Trump also mentioned his efforts to end wars and expressed concerns about NATO's financial issues

- On December 8, President-elect Trump outlined his comprehensive reform plans, including imposing tariffs on imports from the U.S.'s largest trading partner, while acknowledging uncertainty about the impact on American families.  
- He also stated he would not replace Federal Reserve Chairman Jerome Powell, whose term lasts until May 2026, despite previous tensions between them.  
- Trump's proposed high tariffs on semiconductor imports have drawn warnings from outgoing Commerce Secretary Gina Raimondo, who called it a "terrible idea" that could jeopardize national security.

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Trump's first television interview after winning the election: Tariffs can't control inflation, won't replace Powell, considering canceling birthright citizenship