Get the latest financial news and market trends on Oriental Wealth, and choose Oriental Wealth Securities for one-stop account opening and trading services.>> On December 10th, local time, the incoming President of the United States, Donald Trump, posted on his social media platform stating, “Any individual or company investing $1 billion or more in the United States will receive full accelerated approval and permits, including but not limited to all environmental approvals.
” It is currently unclear why Trump decided to release this message on that day. On the same day, Trump announced that he would nominate Andrew Ferguson to be the Chairman of the Federal Trade Commission (FTC). Ferguson has been serving as an FTC Commissioner since 2024 and has previously worked as an antitrust litigation lawyer at several law firms in Washington D.C. Some foreign media have commented that Andrew Ferguson will be responsible for various antitrust lawsuits and investigations against the tech industry and other sectors, which are already underway. In recent weeks, Ferguson has taken a tough stance on tech platforms. “The FTC must protect Americans’ freedom of speech online,” he wrote in a statement in early December. “If platforms or advertisers collude to suppress freedom of speech in violation of antitrust laws, the FTC must sue them and dismantle these cartels (monopoly interest groups).” For detailed reporting, see the full story! On December 10th, local time, the incoming President of the United States, Donald Trump, announced on social media that he would nominate Andrew N. Ferguson to be the Chairman of the Federal Trade Commission (FTC). Ferguson has been an FTC Commissioner since 2024 and served as the Deputy Attorney General of Virginia from 2022 to 2024. Trump wrote in his post, “I am pleased to appoint Andrew Ferguson as the next Chairman of the FTC. Andrew has served as the Deputy Attorney General of Virginia. Before joining the government, he worked as an antitrust litigation lawyer at several law firms in Washington D. C.” Additionally, on December 10th, Trump announced the nomination of Mark R. Meador as an FTC Commissioner. Meador is a partner at the antitrust boutique law firm Kressin Meador Powers LLC. He has served as the Deputy Chief Counsel for Antitrust and Competition Policy for Senator Mike Lee, a senior Republican on the Senate Judiciary Antitrust Subcommittee, and has also worked as an antitrust enforcer at the FTC and the Antitrust Division of the Department of Justice.Previously, on December 8th local time, Trump nominated candidates for several positions, including presidential advisor, through social media. He announced the nomination of his personal lawyer, Alina Habba, as presidential advisor. Additionally, Michael Anton was nominated as the director of the Policy Planning Staff at the U.S. Department of State; Michael Needham was nominated as a State Department advisor; and Christopher Landau was nominated as Deputy Secretary of State.
On December 5th local time, Trump announced on social media the nomination of Rodney Scott as the next director of U.S. Customs and Border Protection. He also announced the nomination of Caleb Vitello as the next acting director of U.S. Immigration and Customs Enforcement (ICE). Furthermore, Trump nominated Tony Salisbury, currently the Miami Special Agent in Charge at ICE, as the next Deputy National Security Advisor at the White House. Trump’s latest commitment, as the incoming U.S. President, was stated on December 10th, where he mentioned that individuals or companies investing at least $1 billion in the U.S. would receive “full accelerated approval and permits”. On that day, Trump posted on his social media platform, Truth Social, stating that environmental approvals are part of the investment incentive. “Any individual or company investing $1 billion or more in the United States will receive full accelerated approval and permits, including but not limited to all environmental approvals. Get ready to rock and roll!” wrote Trump. The specifics of Trump’s proposal are not clear, and his transition team did not immediately respond. It is unclear why Trump decided to release this information on Tuesday. However, earlier that day, the U.S. Supreme Court heard arguments concerning a federal environmental review of a proposed oil pipeline in Utah. This is the latest indication of Trump’s intention to relax federal agency regulations and attract more foreign investment in his second term. Trump specifically mentioned environmental approvals in his post, drawing attention to his plan to revoke a series of policies from the Biden era, including electric vehicle tax credits and stricter fuel standards, aimed at combating climate change. Trump has chosen Lee Zeldin as the Administrator of the U.S. Environmental Protection Agency, who has pledged to cut regulations he believes burden businesses.On Tuesday local time, U.S. President Joe Biden warned that the Republican Donald Trump’s plans to reshape global trade by extending tax cuts and imposing new tariffs could negatively impact the U.S. economy. At an event hosted by the Brookings Institution, Biden defended his economic policies, stating they have helped Americans recover from the COVID-19 pandemic. However, voters clearly did not agree, as the Democrats suffered a significant defeat in last month’s elections.
Biden noted that most economists believe the new administration will inherit a fairly strong economy, at least for now. “I sincerely hope the new government can maintain and build upon this progress.” Nevertheless, Trump has promised significant reforms to economic policies, which is one of the reasons for his desire to return to the White House. The Democrats’ painful defeat indicates voter dissatisfaction with the economic conditions under Biden’s leadership. Despite this, Biden insists that his policies have sown the seeds of economic growth, which will grow in a way that supports working-class and middle-class families. Biden warned that if Trump implements tax cuts for the wealthy, reduces social welfare spending, withdraws infrastructure investment, and imposes new tariffs on trade partners, it could threaten the fruits of economic growth. He also pointed out that if the U. S. abandons free trade policies, it could allow competitors to play a more significant role in shaping the global order. Biden emphasized: “I believe this approach is a grave mistake. If we do not lead the world, who will?” Economists also generally agree that the Republican promise of high tariffs could potentially reignite inflation, and further corporate tax cuts could widen the U.S.’s already high deficit. Biden also criticized many of Trump’s policies during his first term, particularly the tax cuts, stating that these tax reductions mainly benefited the wealthy. He tried to contrast this criticism with his own policy stance and emphasized his efforts to expand health insurance coverage and promote the expansion of the child tax credit. Experience the new and innovative investment research assistant now. (Source: Securities Times)