US President Inauguration Ceremony LIVE: Taiwan's Compal, Inventec Mull US Expansion To Counter Trump Tariffs
Taiwanese contract laptop makers Compal and Inventec may expand into the United States with Texas eyed as one of the top locations, their executives say, as they prepare for President-elect Donald Trump's threatened tariffs.
Trump, who is set to become U.S. president again on Monday, has rattled companies and authorities around the world by vowing to impose tariffs of 10% on global imports into the U.S. - duties that trade experts say would upend trade flows, raise costs and draw retaliation against U.S. exports.
His threat of 25% tariffs on Mexico, in particular, has worried several Taiwanese companies, as many have invested in domestic manufacturing to build components that go into electric vehicle to artificial intelligence (AI) servers for North America.
Speaking to reporters before the company's annual year-end party this month, Anthony Peter Bonadero, President and CEO of Compal, said that they had spoken to several southern U.S. states about possible investment and were seeing how Trump's tariffs against Mexico unfold.
"Texas is a leading candidate just because of the power that they've done. Samsung is putting a giant fab in, and that's created a lot of extra power and infrastructure there. Texas is the only state in the U.S. that has its own grid. And so, we continue to evaluate that. But no decisions have been made yet."
Donald Trump Inauguration LIVE: China Urges US To Listen To 'Rational Voices' Over TikTok Ban
China on Monday urged the United States to listen to "rational voices" over the social media platform TikTok, as a law banning the wildly popular app on national security grounds came into effect.
"We hope that the US side will seriously listen to rational voices and provide an open, fair, just, and non-discriminatory business environment for market entities from all countries operating in the United States," foreign ministry spokeswoman Mao Ning said.
"TikTok has been operating in the United States for many years and is deeply loved by American users," Mao said.
"It has played a positive role in promoting domestic employment and driving consumption in the US," she added.
TikTok restored service in the United States Sunday after briefly going dark, crediting President-elect Donald Trump, who retakes power on Monday, for making the reversal possible.
US Presidential Inauguration Live: LGBTQ+ Rights Under Threat As Trump Returns To White House
"With the stroke of my pen on day one, we're going to stop the transgender lunacy," Donald Trump said in December, vowing to "end child sexual mutilation, get transgender out of the military and out of our elementary schools and middle schools and high schools."
He added the US government would recognize only two genders, male and female.
Also among his plans is cutting federal funding to schools that have adopted "critical race theory," an approach that looks at US history through the lens of racism.
US President Inauguration Ceremony LIVE: How Trump Plan To Overhaul Biden's Climate Pledges
Climate skeptic Donald Trump has promised to "drill, baby, drill" for oil and gas.
He plans to repeal some of Biden's key climate policies, such as tax credits for electric vehicles, which are meant to encourage a transition to a green economy.
Trump also wants to boost offshore drilling, though he might need to secure congressional support to do that. Biden has selected swaths of ocean as protected no-drill areas.
US President Swearing-In Live: Trump Vows To End Russia-Ukraine War
US President-elect Donald Trump warned that "all hell will break out in the Middle East" if Hamas does not release Israeli hostages before his inauguration -- and promptly took credit when a ceasefire and hostage release deal negotiated by the Biden Administration was announced Wednesday.
Trump also says he intends to quickly end Russia's war against Ukraine, though it is unclear when or how he plans to do that.
After promising over the summer to end the nearly three-year conflict "in 24 hours," Trump more recently suggested a timeline of several months.
US Presidential Inauguration Live: What Trump Said On January 6 Pardons
The president-elect Donald Trump has suggested he might pardon some or all of the people involved in the January 6, 2021 riot at the US Capitol, when his supporters tried to overthrow the 2020 election in which he lost to Democrat Joe Biden.
Trump has described them as "hostages" and "political prisoners."
He told a pre-inauguration rally that his supporters would be "very happy" with the decision he plans to make on the matter on his first day in office.
More than 1,500 people have been charged with federal crimes in the deadly assault, and more than 1,100 of them have been sentenced.
Donald Trump Inauguration Ceremony LIVE: President-Elect's Big Promise On Trade War
US President-elect Donald Trump has vowed to slap a 25 percent tariff on goods imported from Mexico and Canada -- top US trading partners -- as punishment for what he says is their failure to stem the flow of drugs and undocumented migrants into the United States.
But is Trump really ready to unleash a trade war with US neighbors, rupturing a North American free trade agreement? Some see this -- and an even more provocative suggestion that Canada should be absorbed into the United States -- as pre-negotiation bluster.
Beijing should also buckle up.
Trump has threatened to impose a 10 percent tariff on Chinese products, adding to existing tariffs that date back to his first term. Trump accuses China of failing to crack down on the production of chemical components used to make fentanyl.
Donald Trump Inauguration LIVE: What US President-Elect Said About Immigration
Donald Trump has promised a hardline stance against an estimated 11 million undocumented migrants in the United States.
According to The Wall Street Journal, the Republican billionaire will declare a state of emergency on the border with Mexico, which would unlock additional Department of Defense funding and assets. He also vowed on the campaign trail to end birthright citizenship, calling it "ridiculous."
Analysts also expect him to issue executive orders on other aspects of immigration policy, including possibly to terminate an app used by migrants hoping to petition for asylum.
However, birthright citizenship is guaranteed by the US Constitution, and any deportation program will face legal challenges as well as potential refusals by some countries to accept deportees.
Donald Trump Speech Live: President-Elect Promises Harsh Immigration Limits
Donald Trump told thousands of roaring supporters he would impose severe limits on immigration on his first day in office, vowing to swiftly fulfill the central promise of his presidential campaign at a rally on Sunday inside a packed Washington arena a day before he returns to power.
"By the time the sun sets tomorrow, the invasion of our country will have come to a halt," he said to cheers at a "Make America Great Again Victory Rally" at the Capital One Arena.
Trump repeated his campaign pledge to launch the largest deportation effort in US history, which would remove millions of immigrants. An operation of that scale, however, would likely take years and be hugely costly.
"This is the greatest political movement in American history, and 75 days ago, we achieved the most epic political victory our country has ever seen," he said. "Starting tomorrow, I will act with historic speed of strength and fix every single crisis facing our country."
He also vowed to repeal "every radical and foolish executive order of the Biden administration" within hours of assuming the presidency at noon ET (1700 GMT). A source familiar with the planning told Reuters that Trump will take more than 200 executive actions on Monday.
US President Inauguration LIVE: Triumphant Trump Teturns To White House, Launching New Era Of Upheaval
Donald Trump will be sworn in as U.S. president on Monday, ushering in another turbulent four-year term with promises to push the limits of executive power, deport millions of immigrants, secure retribution against his political enemies and transform the role of the U.S. on the world stage.
Trump's inauguration completes a triumphant comeback for a political disruptor who survived two impeachment trials, a felony conviction, two assassination attempts and an indictment for attempting to overturn his 2020 election loss.
The ceremony will take place at noon (1700 GMT) inside the Rotunda of the U.S. Capitol, four years after a mob of Trump supporters breached the symbol of American democracy in an unsuccessful effort to forestall the Republican Trump's 2020 defeat to Democrat Joe Biden. The swearing-in was moved indoors for the first time in 40 years due to the extreme cold.
Trump, the first U.S. president since the 19th century to win a second term after losing the White House, has said he will pardon "on Day One" many of the more than 1,500 people charged in connection with the Jan. 6, 2021, attack.
That promise is among a flurry of executive actions concerning immigration, energy and tariffs that Trump intends to sign as soon as Monday after taking the oath of office. At a campaign-style rally on Sunday in Washington, Trump vowed to impose harsh immigration restrictions on his first day.
US President Inauguration Ceremony LIVE: Trump, Associates' Share Of New Cryptocurrency Soars
The price of Donald Trump's new cryptocurrency called $TRUMP soared on Sunday, with the amount held by the US president-elect and his associates now valued at more than $38 billion.
Trump unveiled the so-called meme coin, which is designed to capitalize on the popularity of a certain personality, movement or viral internet trend on Saturday, in a post on his Truth Social platform and X.
Meme coins have no economic or transactional value, and are often seen as a means of speculative trading.
Neither Trump nor the company managing the token's launch, Fight Fight Fight LLC, offered details about how much he made from the initial batch of meme coins released.
The coin's official site said 200 million meme coins were issued, with Fight Fight Fight saying an additional 800 million would be added over the next three years.
Donald Trump Inauguration LIVE: Will New President Attend His Inaugural Balls?
Donald Trump is expected to attend all three official inaugural balls Monday night. Multiple other unofficial galas are also planned. Country musicians including Jason Aldean, Rascal Flatts and Gavin DeGraw plus the Village People will perform across Trump's three invite-only affairs.
Donald Trump Swearing-In Live: Who Is Performing At Inaugural Event
Donald Trump's first inauguration in 2017 was marked by a lack of celebrity power, with few A-list musicians willing to be associated with him. But Trump inauguration 2.0 is in better shape.
Country star Carrie Underwood will sing "America the Beautiful" during the swearing-in ceremony. Also performing will be country singer Lee Greenwood, whose patriotic anthem "God Bless the USA" is standard at Trump rallies.
A pre-inauguration rally Sunday included performances by Kid Rock as well as the Village People, with whom Trump danced on stage as they performed their 1970s-era hit "Y.M.C.A."
Donald Trump Inauguration Ceremony LIVE: What Executive Orders Trump Plans To Sign On Day 1
Donald Trump has said he is preparing to sign around 100 executive orders on his first day in office, many of them aimed at undoing Biden administration policies.
"Within hours of taking office I will sign dozens of executive orders, close to 100 to be exact, many of which I will be describing in my address tomorrow," Trump told supporters at an inauguration-eve candlelight dinner on Sunday.
Among his many promises, he has pledged to launch a mass deportation program and increase oil drilling. He has also said he might swiftly begin pardoning January 6 rioters -- his followers who ransacked the Capitol in 2021.
Immediately after the inauguration, a meeting is planned between US officials and foreign ministers from Japan, India and Australia, the so-called "Quad" seen as a counterweight to China.
Donald Trump Presidential Inauguration Live: Oath Taking Ceremony Moves Indoor
Traditionally, US Presidents are sworn in from an enormous temporary platform on the Capitol's scenic West Lawn. This year, owing to a frigid forecast, it will take place inside in the Capitol Rotunda. Crowd size is a preoccupation of Donald Trump's, but the last-minute switch to an indoor event may dent his bragging rights.
More than 220,000 tickets were being distributed to the public before Trump announced Friday that frigid temperatures meant the inauguration would shift to the Capitol Rotunda, which can accommodate only about 600 people.
Mr Trump said supporters could watch a live feed from Washington's Capital One sports arena, which holds up to 20,000 -- and he promised to drop in later.
Donald Trump Swearing-In Live: Who Is Attending 47th President's Inaugural Event
Donald Trump has invited a number of tech titans to attend the inauguration, joining more traditional guests such as his cabinet nominees. Billionaires Elon Musk, Jeff Bezos and Mark Zuckerberg will attend as will Shou Chew, the head of Chinese social media giant TikTok, according to US media.
Trump has courted closer ties with the tech moguls, and his campaign benefited from disinformation spread on social media platforms such as TikTok, Musk's X and Zuckerberg's Facebook and Instagram.
Outgoing president Joe Biden will attend the ceremony -- despite Trump's refusal to appear at Biden's swearing-in when he beat Trump in 2020. All living former presidents -- Bill Clinton, George W. Bush and Barack Obama -- will also attend, as will their wives, except for Michelle Obama.
Heads of state are not traditionally invited, but Trump has sent invitations to a handful of foreign leaders, including some who share his right-wing politics. Far-right Italian Prime Minister Giorgia Meloni will attend, her office confirmed Saturday.
Hungary's Viktor Orban, Argentine President Javier Milei and China's Xi Jinping have also been invited, but not all will attend. Xi sent Vice President Han Zheng in his place, who met Sunday with J.D. Vance, the transition office said.
Donald Trump Inauguration LIVE: President Elect's Oath Taking Ceremony Soon
Donald Trump will take the oath of office as the 47th president of the United States on Monday inside the Rotunda of the US Capitol, with promises to push the limits of executive power, deport millions of immigrants, secure retribution against his political enemies and transform the role of America on the world stage. The US Constitution mandates that each new president's term begin at noon on January 20 (or the day after if it falls on a Sunday).
In recent years, presidents have been sworn in from an enormous temporary platform on the Capitol's scenic West Lawn. This year, owing to a frigid forecast, it will take place inside in the Capitol Rotunda. Incoming vice president J.D. Vance will also be sworn in in the ceremony.
The oath is most often administered by the Supreme Court chief justice, and Monday would mark John Roberts's second time officiating for Trump. The new president will also deliver an inaugural address, laying out his plans for the next four years. The Republican rang in his first term in 2017 with a particularly dark speech evoking "American carnage."