Welcome and concern are intersecting in his hometown of New York ahead of President Trump's inauguration, who was born and raised in New York.
Wall Street is paying attention to whether the first executive order will include tariffs and issues that will have a significant impact on the economy, such as energy and virtual currency.
I'm connecting you to the New York correspondent. Correspondent Lee Seungyoon!
[Reporter]
Yes, it's Trump Tower in New York.
[Anchor]
What is the atmosphere of Trump Tower in New York that has been the heartland of Trump's business and politics?
[Reporter]
I broadcast here on the day of the U.S. presidential election on November 8th last year, and the supporters are much more excited.
Trump was born and raised in Queens, New York, and has been on a roll in the real estate business, starting with Trump Tower in Manhattan.
The pride and joy of New Yorkers are extraordinary as Trump is the president born by New York along with Theodore Roosevelt, the 26th president.
However, there are concerns that Trump's immigration and energy pledges are radical, so they are literally "half expectations and half concerns."
[Anchor]
Europe is also nervous about Donald Trump's re-entry into the White House.
Trump is expected to pressure Ukraine to end the war, and there are observations that it could bring about significant changes in European security and alliances.
This time, I'm connecting to London. Correspondent Jo Suhyun!
[Reporter]
Yes, it's London.
[Anchor]
Please tell us the European atmosphere ahead of Trump's inauguration.
[Reporter]
Yes, the launch of Trump's second government is also a big issue in Europe.
Citizens from Europe showed interest in whether there would be a lot of conflict and controversy as in the first period, and whether Trump could come up with a solution to the war in Ukraine.
Let's listen to it for a moment.
[Pete / British citizen] I hope, as many wish, that the end of the war will accelerate. I hope Trump can pull it off.]
[Josephine / British citizen] You can't trust Trump in the long run. To be honest, I'm very worried about what's going to happen.
[Anchor]
Wall Street has high expectations that Trump's inauguration will create a pro-business environment?
[Reporter]
Martin Luther King Day, whose inauguration will take place, will be closed for New York stock markets and bond markets for a public holiday, but Wall Street expects the launch of a second administration to create a pro-business environment, including tax cuts and deregulation.
In fact, even though there were no major economic indicators or events on the previous trading day, all three major indexes of the New York Stock Exchange rose thanks to Trump's expectations.
Let's hear from an economist.
[Chris Constantineos/Riverfront Investment Group Chief Investment Strategist: The ideal conditions we saw last year will continue. In other words, very solid economic growth continues.
Meanwhile, Wall Street is closely watching what Trump will include in his executive order, which allows him to implement policies quickly without going through Congress.
Citing Trump drugs and illegal immigrants, he forewarned, "We will impose an additional 10% tariff on China on the day of his inauguration, and 25% tariffs each on Mexico and Canada."
There is also a possibility that a universal tariff of 10 to 20% will be imposed on all imports.
CNN has reported that Trump is considering declaring a national economic emergency to justify imposing tariffs.
In addition, there is a possibility that a new "foreign import office" will be established to collect tariffs, import taxes, and all imports from foreign countries.
However, investors also predicted that Trump would not impose tariffs on China immediately as he spoke with Chinese President Xi Jinping.
There is also a possibility that Trump will begin to erase traces of his predecessor Biden, including the "Paris Climate Agreement," which regulates greenhouse gas emissions.
In particular, Biden has also announced that he will overturn an executive order banning new oil and gas drilling along the U.S. coast as soon as he takes office.
It could also rescind regulatory standards for automobile emissions and issue an executive order to resume approval of factories exporting U.S. natural gas.
It could also move to organize a "national energy commission" that oversees U.S. energy policies such as oil, natural gas and electricity.
In addition, the executive order is likely to include deregulation of virtual currency, strategic stockpiling of Bitcoin, and the establishment of a virtual currency advisory committee.
[Anchor]
The launch of Trump's second administration is also foreshadowing several challenges in Europe, what are the prospects for the war in Ukraine?
[Reporter]
Yes, Trump is said to have ordered aides to schedule a call with Russian President Putin within days of taking office.
As he has vowed to end the war as soon as possible, he seems to be actively mediating negotiations.
However, Ukraine wants to join NATO for security guarantees and Russia strongly opposes it, making it difficult to reach a point of contact at the moment.
In the end, the key is to what level the two sides can make concessions, and let's listen to the director of the Royal Joint Military Research Institute, a British think tank, interviewed by YTN.
[Neil Melvin / Director of International Security at the Royal Military Institute (RUSI): Along with the traditional way of having a U.N. peacekeeping force, we can expect to increase European countries' support for Ukraine, although it will be difficult to join NATO.]
In Gaza, the Middle East, the first phase of the ceasefire between Israel and Hamas took effect on the 19th, and Trump is considering sending a special envoy to manage the issues of the second and third phases of negotiations.
At the same time, it is pressuring Europe in various ways, including high tariffs.
It called for NATO member states to raise their defense spending target from the current "2% of GDP" to 5% and also expressed their intention to incorporate Greenland.
As a result, EU, NATO and British leaders are busy discussing Europe's defense future in Brussels on the 3rd of next month.
The EU has also agreed to modernize a 25-year trade deal with Mexico, which faces a threat of U.S. tariffs.
British Prime Minister Starmer has expressed his desire to sign a trade agreement between the U.S. and Britain, while EU Summit President António Costa and Chinese President Xi Jinping spoke by phone to manage relations.
In the meantime, Russia and Iran, which are sanctioned by the U.S., are strengthening their close ties by signing a comprehensive strategic partnership treaty three days before Trump's inauguration.
As Trump's re-election makes it harder to predict the world order, European and Middle Eastern countries seem to be expanding their diplomatic horizons in complex counting.
[Anchor]
So far, I have connected the situation with correspondent Lee Seung-yoon from New York and Jo Su-hyun from London. Thank you.
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