Trump's State of the Union Address: "Tariffs Boosted the Stock Market," Large Tech Companies Need to Build Their Own Power Plants, Legislation Should Prohibit Lawmakers from Trading Stocks

According to Xinhua News Agency, on the evening of the 24th Eastern Time, U.S. President Trump delivered his first State of the Union address for his second term in Congress.

At the beginning of his speech, Trump focused on issues such as the economy, tariffs, immigration, artificial intelligence, and Iran. He attempted to reverse his declining approval ratings by listing a series of achievements from his first year in office and to rally support for the midterm elections in November.

For Trump, this is a critical moment: his controversial foreign policies, including threats of military action against Iran, have sparked debate, and his signature tariff policy was ruled illegal by the U.S. Supreme Court.

Economy and Cost of Living: Emphasizing Stock Market, Inflation, Housing, and Drug Prices

When discussing the U.S. economy, Trump stated, "What you are seeing now is just the beginning... We will do better and better. This is America's golden age" regarding the stock market.

He claimed that the stock market has reached "record highs" and noted that the Dow Jones Industrial Average has surpassed the 50,000-point mark ahead of schedule; he also stated that inflation is "plummeting," which has lowered core inflation rates.

On housing issues, Trump mentioned that to protect home prices, it is necessary to "keep home prices rising." He claimed that mortgage rates are at "the lowest in four years" and stated that low rates will solve housing problems.

Regarding healthcare and retirement issues, Trump claimed to have ended the "inflated" prices of prescription drugs; he also announced a new pension plan, stating that he wants to "make it easier for Americans to save for retirement."

Technology and Electricity: Requesting Large Tech Companies to Generate Their Own Power

Regarding the development of AI, Trump stated that the old power grid cannot meet the required electricity demand and has informed large tech companies that they need to generate their own power and build their own factories.

Tariffs: Expressing Discontent with the Supreme Court Ruling, Continuing to Emphasize "Tariffs Replace Income Tax"

Trump stated that "tariffs have boosted the stock market" and expressed that the Supreme Court's ruling on tariffs is "very regrettable."

He also mentioned, "Over time, I believe that tariffs paid by foreigners will largely replace the modern income tax system, just as in the past."

According to a previous report by CCTV News: "Trump's speech comes at a time when his key policies on tariffs and immigration have faced setbacks. On the 20th, the U.S. Supreme Court announced a ruling stating that the U.S. International Emergency Economic Powers Act does not authorize the president to impose large-scale tariffs, leading Trump to sign an executive order to terminate some tariff measures. Prior to this, due to federal immigration enforcement officers violently shooting two American citizens in Minnesota, Congress failed to reach a consensus on the temporary funding issue for the Department of Homeland Security, which began to face partial 'shutdown' on the 14th."

Trump: Preferring to Resolve the Iran Nuclear Issue through Diplomatic Means

According to CCTV News, Trump stated that the U.S. is negotiating with Iran. He mentioned that Iran wants to reach an agreement, but the U.S. has not heard those secret commitments. He emphasized that the U.S. will never allow Iran to possess nuclear weapons and prefers to resolve this issue through diplomatic means

Immigration, Venezuela, and Other Issues

Trump stated, "We will always allow immigrants to enter legally."

Regarding Venezuela, Trump referred to Venezuela as America's "new partner and friend," and mentioned that the United States has received over "80 million barrels of oil" from Venezuela.

Additionally, Trump called on Congress to pass a bill banning stock trading by lawmakers, stating the need to "ensure that members of Congress cannot profit from insider information."