2019-02-06 10:36:49 Wed ET
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President Trump delivers his second state-of-the-union address to U.S. Congress. Several key themes emerge from this presidential address. First, President Trump praises the current 2-year U.S. economic boom and stock market rally. As Trump remains upbeat about the current U.S. economic outlook, several sectors such as big pharma, transport, and technology benefit much from the current stock market rally. Second, the Trump team seeks a bipartisan solution to public finance for his southern border wall for better immigration. President Trump may find it difficult to compromise on this fiscal issue in the near-term.
Third, Trump aims to implement a structural change to unfair trade practices and chronic trade imbalances in the current trade war resolution with China. The next summit between Presidents Trump and Xi can reach important trade war resolution soon after Trump shakes hands with the North Korean leader Kim Jung-Un in the historic forum in Vietnam in late-February 2019. Fourth, Trump asks Congress to pass the current bill for new infrastructure with more than $1 trillion fiscal finance. Fifth, Trump vows to help reduce astronomical medical costs and drug prices in America. Through his second state-of-the-union address, President Trump now seeks to make progress on these socioeconomic issues.
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