Key Points from President Trump's Congressional Speech
1. Allow more oil drilling in the United States
2. The goal of fiscal cuts is to reduce debt. We will pursue fiscal balance
3. Request Congress to pass tax reduction legislation. Permanent and comprehensive tax cuts are needed
4. Impose tariffs on non-American made products
5. The reciprocal tariff measures will take effect on April 2. A 25% tariff on steel, aluminum, and copper will also be implemented as planned
6. The Semiconductor Industry Support Act (Chip Act) is a bad support program. We will stop supporting semiconductor companies in this way. These funds will be used to reduce government debt.
7. South Korea's tariffs on the United States are on average four times higher. We even support them militarily
8. Tariffs will cause some disruptions, but may cause a little interference.
9. South Korea, Japan, and others wish to participate in the Alaska SARS project
10. After imposing tariffs, we will address inflation.
11. Energy costs need to be reduced to ease inflation.
12. Loan interest tax deductions apply only to American-made cars. The three major American car manufacturers announced plans to build new factories in the United States. Hyundai also committed to building a plant in Indiana
13. Submit a bill to Congress regarding additional details on border security.
14. In any case, Greenland is essential for national security.
15. Mexico and Canada need to respond more
16. Urge Congress to allocate budget for missile defense systems
17. Revitalize commercial and military shipbuilding industries. Provide incentives to North Korean enterprises. A new organization related to the shipbuilding industry will also be established.
18. Currently, ceasefire negotiations between Russia and Ukraine are ongoing. Zelensky is ready to return to the negotiating table. Russia's willingness for peace is firm. Ukraine has responded that it is ready to sign a mineral agreement. The same situation exists in the United States.
19. Attempt to regain control of the Panama Canal