A party was held to celebrate the inauguration at Trump Tower in New York, the home of President Trump, and citizens are happy and concerned.
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, including energy and virtual currency.
I'm connecting you to the New York correspondent. Correspondent Lee Seungyoon!
What is the atmosphere of Trump Tower in New York that has been the heartland of Trump's business and politics?
[Reporter]
Inside the Trump Tower, a party was held to celebrate the inauguration by watching the live broadcast of the president's inauguration.
I broadcast here on the day of the U.S. presidential election on November 8th last year, and the supporters are much more excited than then.
Trump supporters cheered and shouted "USA" whenever Trump was seen.
Trump was born and raised in Queens, New York, and has been on a roll in the real estate business, starting with Trump Tower here 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]
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 New York Stock Exchange indexes rose together on the back of Trump 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.
In the meantime, Wall Street is closely watching what Trump will include in an executive order that allows policy to be implemented quickly without going through Congress.
Trump said he would "impose 10% more tariffs on additional tariffs on China on the day of his inauguration, and 25% each on Mexico and Canada," citing drugs and illegal immigrants.
There is also the possibility of a 10 to 20 percent universal tariff on all imports.
CNN reported that Trump is considering declaring a national economic emergency to justify imposing tariffs, which could also be included.
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.
I'm YTN Lee Seungyoon from Trump Tower in New York.
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