Trump was sworn in as President of the United States, promising "America First," targeting immigration and energy, and reiterating the goal of securing the Gulf of Mexico and the Panama Canal
In his inaugural speech, Trump stated, "The golden age of America begins now," and that every day of his administration will be "America First." He will declare a national emergency at the southern border to stop illegal immigration and restart the "Remain in Mexico" policy. He promised to combat record-high inflation, lower oil prices, declare a national energy emergency, refill the strategic oil reserves, and promote exports. He aims to revitalize the automotive manufacturing industry by rescinding the Biden administration's electric vehicle policies and bringing car manufacturing back to the U.S. at a "speed no one can imagine." He did not mention imposing tariffs on any other countries, stating that he would establish an external tax bureau responsible for tariffs and immediately reform the trade system comprehensively. He reiterated that the Gulf of Mexico will be renamed the Gulf of America and promised to reclaim the Panama Canal. He plans to plant the American flag on Mars. The White House stated that Trump will withdraw from the Paris Climate Agreement but did not provide a timeline for the withdrawal
According to CCTV reports, on January 20th, local time, Donald Trump, the Republican president-elect, officially took the oath of office as the 47th President of the United States during the inauguration ceremony held in Washington, D.C.
The oath-taking ceremony was presided over by Chief Justice John Roberts of the United States Supreme Court, and Trump completed the oath under Roberts' guidance. The elected Vice President of the United States, Mike Pence, also officially took the oath of office that day.
In his inaugural speech, Trump promised "America First," focusing on combating illegal immigration, high inflation, and oil extraction, which were commitments he made during his presidential campaign last year. He announced the establishment of a dedicated agency responsible for imposing tariffs on foreign goods but did not mention imposing tariffs on any other countries. Instead, he stated that he would soon comprehensively reform the U.S. trade system and claimed he would "take back" the important waterway connecting the Atlantic and Pacific Oceans, the Panama Canal, and lay claim to the Gulf of Mexico.
Immediately after Trump took the oath of office, Bitcoin accelerated its decline, dropping sharply from above $106,000 to below $102,000, turning overall negative for the day, and at one point fell below $100,100, hitting a new daily low. On Monday, before the European stock market opened, Bitcoin had briefly surged past $100,900, setting a new intraday historical high.
Monday was Martin Luther King Jr. Day, and the U.S. stock market was closed that day. U.S. stock futures maintained their upward momentum after Trump's inauguration. Dow futures rose nearly 170 points, while S&P 500 futures and Nasdaq 100 futures both rose about 0.4%.
Emergency State at the Southern Border of the United States: Termination of Catch and Release Policy
Subsequently, Trump delivered his inaugural speech. At the beginning of his speech, Trump stated, "The golden age of America begins now," and that every day of his administration "will put America first," the so-called "America First." At the end of his speech, he said, we are about to usher in "the greatest four years in American history."
Trump indicated that he would sign a series of historic executive orders to initiate a "revolution of common sense." He then first mentioned immigration and border issues, stating that he would declare a national emergency at the southern border of the United States.
Trump stated that he would immediately stop all illegal entries and begin the deportation of millions of "criminal foreigners," terminating the Biden administration's "catch and release" border policyThe policy allows immigrant families captured at the border to enter the United States.
Trump promised to reinstate the "Remain in Mexico" policy that was implemented during his first presidential term. CCTV previously reported that this policy requires foreigners seeking asylum in the United States to remain in Mexico while waiting for the verification of their identity and hearings in U.S. immigration courts. The policy also stipulates that during their stay in Mexico, appropriate humanitarian protection will be provided to these individuals.
Trump has taken a hardline stance on immigration issues. He stated that as the Commander-in-Chief of the military, his greatest responsibility is to defend the United States against threats and invasions, saying, "We will do this at an unprecedented level."
Trump also mentioned that he would designate drug trafficking organizations as foreign terrorist organizations, enforce the 1798 Alien Enemies Act, and mobilize federal and state law enforcement agencies to combat foreign gangs and criminal networks.
After Trump announced the introduction of immigration policies, including those targeting entrants from Mexico, the Mexican peso briefly fell, with the dollar rising against the Mexican peso to over 20.71, but soon returned to a downward trend, falling below 20.60, down more than 1% on the day, and not yet approaching the low of 20.50 reached earlier in the day, which was the lowest since January 15.
According to CCTV, the U.S. Customs and Border Protection announced on Monday that the Trump administration has stopped using an application called CBP One. This application allowed immigrants to legally enter the United States by providing an orderly application process. The Department of Homeland Security stated that existing appointments on the application have been canceled.
Will announce a national energy emergency, refill strategic oil reserves, and promote exports; timeline for withdrawal from the Paris Agreement unclear
Next, Trump discussed addressing inflation, stating that he would instruct all cabinet members to use their powers to "defeat record-high inflation and quickly lower costs and prices." He also said, "The inflation crisis is caused by the massive overspending and rising energy prices of the Biden administration."
Trump stated that he would announce a national energy emergency. He reiterated his campaign slogan of increasing oil and gas extraction: "We will drill, baby, drill."
Trump said that the U.S. would use its oil reserves to fill national oil reserves and promote exports. He plans to "lower oil prices, refill our strategic reserves, and export American energy around the world."
A White House official later told the media that the national energy emergency "will unlock various powers" for producing more natural resources, but did not disclose details on which powers Trump would use.
Shortly after Trump was sworn in, according to CCTV, the White House announced that President Trump would sign an executive order for the United States to withdraw from the Paris Agreement.
The White House statement did not provide a specific timeline for the withdrawal from the agreementIn December 2015, nearly 200 parties to the United Nations Framework Convention on Climate Change reached the Paris Agreement at the Paris Climate Change Conference. The Paris Agreement officially came into effect in November 2016. According to the temperature control targets set forth in the Paris Agreement, by the end of this century, the increase in global average temperature compared to pre-industrial levels should be limited to within 2 degrees Celsius, with efforts to limit the increase to within 1.5 degrees Celsius.
During Trump's first presidential term, the U.S. government withdrew from the Paris Agreement. A commentary article from Xinhua pointed out that when the Trump administration announced the termination of the Paris Agreement in 2017, the excuse given was that the Paris Agreement would impose "harsh financial and economic burdens" on the U.S., but many experts pointed out that these reasons were unfounded. This is because the potential for job creation in the traditional energy sector in the U.S. has become difficult to tap, while the job opportunities created by new energy have already surpassed those in coal, oil, and other industries.
Revitalize the Automotive Manufacturing Industry and Repeal Electric Vehicle Policies
Trump mentioned actions to revitalize American manufacturing, reiterating his campaign promise to terminate Biden's electric vehicle policies and revitalize domestic automotive manufacturing.
In his speech, Trump stated that he would end the Green New Deal and repeal the Biden administration's electric vehicle policies, "saving our auto industry" and fulfilling his promise to American autoworkers. He said, "We will produce cars in America again, at a speed that no one could have imagined a few years ago."
Last month, CCTV cited overseas media reports that Trump's team suggested extensive reforms, cutting off policy support for electric vehicles and charging stations, and also proposed imposing tariffs on all battery materials globally. The team had previously called for the cancellation of the $7,500 tax credit provided by the Biden administration for consumers purchasing electric vehicles.
Establish an External Revenue Service Responsible for Tariffs and Immediately Reform the Trade System
On trade, Trump stated that he would establish an "External Revenue Service" responsible for collecting new tariffs on imported goods.
Trump said he would "immediately begin a comprehensive reform of our trade system," stating that he would not tax American citizens to enrich other countries, but would impose tariffs and taxes on foreign entities to enrich American citizens.
Trump mentioned the 25th President of the United States, Republican William McKinley, who initiated the Spanish-American War and led high tariff policies in the late 19th century, stating that he would overturn former President Obama's decision to rename the highest peak in North America back to McKinley. He pointed out that McKinley made America "very wealthy" through tariffs and talent.
Regarding foreign policy, Trump said he wants to be a "peacemaker." Trump did not mention specific countries or geopolitical situations.
Reiterate the Renaming of the Gulf of Mexico to the Gulf of America and Reclaim Control of the Panama Canal
This Monday, Trump once again displayed what the media calls "imperialist" ambitions. He said, "Soon, we will rename the Gulf of Mexico to the Gulf of America."
Trump also promised to reclaim control of the Panama Canal. Trump had previously stated that the Panama Canal charges the U.S. Navy and commercial ships "excessive prices and tolls." In his speech this Monday, he reiterated that the Panama Canal severely overcharges U.S. vessels, including U.S. Navy warshipsEarlier this month, after the U.S. Congress officially confirmed Trump's election as President of the United States, Trump stated that he wants to rename the Gulf of Mexico to the Gulf of America. He did not promise to avoid using military force to seize Greenland and the Panama Canal, stating that if Denmark does not give Greenland, he would impose "very high" tariffs on Denmark. Trump also mentioned that he would use economic power to merge the United States with Canada, not viewing the boundary between the two countries as "artificially defined borders."
Planting the American Flag on Mars
In his inaugural speech, Trump said that America should pursue the so-called "manifest destiny" to advance to other planets, sending American astronauts to Mars and planting the American flag there. The media noted that Elon Musk, who attended the inauguration ceremony, laughed when he heard this.
Last year, Musk announced the Mars colonization plan. SpaceX will launch the first Starship unmanned spacecraft to Mars in two years. If the unmanned spacecraft lands successfully, the first manned spacecraft will set off for Mars four years later, with the goal of establishing a self-sustaining city on Mars within 20 years.
Trump also mentioned in his speech that Musk would participate in leading a new department, stating that a brand new Department of Government Efficiency (DOGE) would be established.
Last November, Trump announced that Musk and American entrepreneur Vivek Ramaswamy would jointly lead the DGOE, assisting the government in dismantling bureaucracy, reducing excessive regulations, cutting wasteful spending, and restructuring federal agencies to pave the way for their work to be completed by July 4, 2026, as a tribute to the 250th anniversary of the signing of the Declaration of Independence