After being "certified" by Congress, Trump wields a big stick inside and outside: US interest rates are too high, cannot rule out military action to control the Panama Canal, and economic power may merge with the US and Canada.

After being officially "certified" by Congress as the next President of the United States, Trump, who is about to take office in the White House, has begun to "give directions," from domestic inflation, oil and gas development, to overseas geopolitical situations, and the acquisition of overseas territories, while criticizing the high interest rates of the Federal Reserve and adopting a tough stance on global economic and trade issues. In addition, Trump also announced that Damac Properties, a real estate development giant in the UAE, will invest at least $20 billion in building data centers in the United States. He stated that these large data centers are crucial to maintaining the competitiveness of the United States in fields such as artificial intelligence. Inflation continues to ravage "at unprecedented levels" On Tuesday, January 7, the day after Trump was formally confirmed as the President of the United States by Congress, he held a press conference at Mar-a-Lago, where he expressed his team's difficulties with the economy handed over from the Biden administration, stating that "inflation continues to ravage. The interest rates are too high." He also said that inflation in the United States is "at unprecedented levels." Trump did not specify whether the interest rates he mentioned were a complaint about the policy rates of the Federal Reserve or the rates set by the bond market. According to Wall Street seesaw, at a meeting held last weekend, many prominent economists, including former Federal Reserve Chairman Bernanke, believed that Trump's plans to expand tariffs, cut taxes, and limit immigration policies might not lead to inflation as previously predicted. Instead, any attempt by Trump to control the actions of the Federal Reserve would realistically reintroduce price pressures, which was one of the reasons for his election. In other words, Trump's policies have limited impact on inflation, and his attempt to control the Federal Reserve is the real threat. Overturning Biden's offshore drilling ban Earlier this week, President Biden announced an executive order permanently banning offshore oil and gas development in parts of the Atlantic China Welding Consumables, Inc. and the Pacific, covering approximately 625 million acres of marine areas. The White House statement cited Biden's concern that the environmental and economic risks and negative impacts of drilling in these areas outweigh the value of fossil fuel resource development. In his speech on Tuesday, Trump reiterated his commitment to attempt to overturn Biden's permanent ban on offshore oil and gas development. Trump stated that Biden's action on Monday to ban offshore drilling would not stand, "I will revoke it immediately." Trump emphasized during his campaign that the United States needs to increase oil and gas drilling, stating, "We will drill, baby, drill. We will drill in many other places, and energy costs will fall significantly." No wind farms to be built during his term Trump had previously promised to issue an executive order targeting wind farms on his first day as president. This week, Trump reiterated his threat to wind energy projects. He stated that he will seek to implement a policy that prohibits the construction of wind farms during his second presidential term. Analysts believe this could threaten billions of dollars in planned wind energy projects, and Tuesday's statement was his sharpest threat to date. Trump said that wind farms have made the United States "a mess", "nobody wants them, and they are very expensive." Changing the name of the Gulf of Mexico to the American Gulf, imposing tariffs on Denmark for not giving Greenland In his speech on Tuesday, Trump exhibited a fixation on Greenland and the Panama Canal, stating that he would not commit to avoiding attempts to control Greenland or the Panama Canal that might lead to military confrontation. When asked if he could guarantee not to resort to economic or military coercion to achieve his goals with other countries, Trump responded, "I will not make such a commitment," but he did say, "We need them to ensure economic security." Trump also stated that he seeks to expand the United States' influence in the Western Hemisphere, including preparing to rename the "Gulf of Mexico" to the "American Gulf." Trump said, "We will rename the Gulf of Mexico to the American Gulf, it has a beautiful border covering a lot of territory. What a beautiful name, and very fitting." Trump also reiterated the use of tariffs as a "weapon," threatening to impose high tariffs on other countries if Denmark does not hand over Greenland to the United States. He stated that if Denmark does not give up Greenland, he will impose "very high levels of tariffs" on them. Trump ruled out the possibility of using military force to acquire Canadian land, but stated that he was willing to use "economic force" to unite Canada and the United States. In his speech, Trump seemed displeased with the current US-Canada border division, stating, "You get rid of artificially drawn boundaries and see what it looks like, this will also benefit national security." Warning of possible escalation in Russia-Ukraine conflict, the Middle East may descend into chaos Trump stated that the situation of the conflict between Russia and Ukraine is currently "more complex" and may escalate further. He criticized Biden's negotiation strategy with Ukraine and warned that the war "could escalate," "could escalate to a worse level than it is now." Trump also warned that if, before his inauguration on January 20, he has not released hostages detained in Gaza, the Middle East would descend into chaos. He stated that not releasing hostages is not time-consuming for Hamas or anyone else, and would result in chaos in the Middle East. Trump also said, "It shouldn't have happened at all" regarding Hamas attacks against Israel on October 7 last year. This article is reproduced from Wall Street sawsaw, GMTEight editor: Chen Wenfang.