US President Donald Trump is expected to deliver an official speech from the Oval Office later.
According to informed sources, the speech is set to be broadcast at 4:30 PM Eastern Time (Thursday morning Beijing time), amid widespread expectations that it will carry clear economic directions, specifically regarding trade policies and economic protectionism.
Trump's recent moves indicate an increasing focus on supporting domestic production, especially in sensitive sectors like semiconductors and pharmaceuticals, as he hinted at an upcoming plan to impose new tariffs on these imported products, with the possibility that the tariffs on pharmaceutical imports could gradually reach high levels, potentially 250% over a period of one to 18 months. The stated goal of these measures is to stimulate the return of vital manufacturing chains to the United States.
It is not unlikely that Trump will refocus on international trade relations, especially in light of his repeated statements regarding countries he considers to benefit from the lack of trade balance with America. He had previously issued explicit threats to India and the European Union of imposing tariffs of up to 35% if existing agreements were not reconsidered.
In addition to economic issues, Trump is expected to present a controversial project within the White House related to a comprehensive renovation of the presidential events hall, with an estimated cost of about $200 million, funded by private contributions without direct government financing. The project, known as 'Legacy of Leadership', has sparked a wave of criticism, but Trump bets on presenting it as a symbol of personal achievement added to his political history.
Trump may also use this speech to implicitly criticize federal economic institutions, particularly regarding what he sees as a delay in interest rate cuts, or to question the neutrality of official data related to the labor market. It is likely that he will announce names of candidates for influential positions, such as a new member of the Federal Reserve and the Director of the Bureau of Labor Statistics.
On the geopolitical front, despite the absence of prior statements regarding foreign policy in recent times, observers do not rule out that Trump will allocate space for his comments on sensitive international files, such as the Ukrainian crisis or relations with China and Russia.
In conclusion, the anticipated speech is expected to reflect Trump's adherence to his traditional approach centered on protecting the national economy and criticizing institutions he sees as responsible for 'weakening' the American position globally, in a scene that reaffirms his philosophy, which he has long championed: 'America First'.
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