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On Thursday (December 12th), local time, US President-elect Trump rang the opening bell at the new york Stock Exchange. On that day, he was named the person of the year in 2024 by Time magazine. After ringing the bell, Trump added in an interview with online celebrity stock critic Jim Cramer, "If you don't produce here, you have to pay 21% tax. If you produce here, we will try to reduce the tax rate to 15%. You must produce your products in the United States. " Trump also attributed the recent rise in the stock market to his defeat of Biden (not Harris). "I have always said that for me, the stock market is everything." He also revealed that after returning to the White House, he will establish closer ties with some of the richest and most influential people.