Trump has the latest 'promise' again! Nomination for FTC Chairman, previously served as an antitrust litigation lawyer
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Trump, another big move!
On December 10th local time, US President elect Trump posted on his social media account that "any individual or company investing $1 billion or more in the United States will receive comprehensive accelerated approval and permits, including but not limited to all environmental approvals." It is currently unclear why Trump decided to release this message on the same day.
On the same day, Trump announced that he would nominate Andrew Ferguson as the chairman of the Federal Trade Commission (FTC) in the United States. Ferguson has been serving as a commissioner of the Federal Trade Commission since 2024 and has worked as an antitrust litigation lawyer at several law firms in Washington D.C.
According to foreign media comments, Andrew Ferguson will undertake various anti-monopoly lawsuits and investigations against the technology industry and other industries in the future, which are already underway. In recent weeks, Ferguson has taken a tough stance on technology platforms. "The Federal Trade Commission must protect Americans' freedom of speech online," he wrote in a statement in early December. If platforms or advertisers collude to suppress freedom of speech in violation of antitrust laws, the Federal Trade Commission must prosecute them and dismantle these cartels (monopolistic interest groups)
Take a look at the detailed report!
[align center] Trump nominates FTC Chairman
On December 10th local time, US President elect Trump announced on social media that he will nominate Andrew N. Ferguson as the Chairman of the Federal Trade Commission (FTC).
Ferguson has been serving as a commissioner of the Federal Trade Commission since 2024. He served as the Deputy Attorney General of Virginia from 2022 to 2024. In his post, Trump wrote, "I am pleased to appoint Andrew Ferguson as the next chairman of the Federal Trade Commission. Andrew previously served as the Deputy Attorney General of Virginia. Prior to entering government service, he worked as an antitrust litigation lawyer at several law firms in Washington, D.C
In addition, on December 10th, Trump announced the nomination of Mark R. Meador as commissioner of the United States Federal Trade Commission. Midor is a partner at Kressin Meador Powers LLC, a boutique antitrust law firm. He has served as the Senior Republican of the Senate Judiciary Antitrust Subcommittee and Deputy Chief Advisor on Antitrust and Competition Policy to Senator Mike Lee. He has also served as an antitrust enforcement officer at the Federal Trade Commission and the Antitrust Division of the Department of Justice.
Previously, on December 8th local time, Trump nominated multiple candidates for positions including presidential advisor. On the same day, he announced through social media that he had nominated his personal lawyer Alina Habba as presidential advisor. In addition, Michael Anton was nominated as the Director of Policy Planning at the US State Department; Nominate Michael Needham as an advisor to the State Council; Nominate Christopher Landau as Deputy Secretary of State.
On December 5th local time, Trump announced on his social media that he nominated Rodney Scott as the next Director of U.S. Customs and Border Protection. On the same day, Trump also announced the nomination of Caleb Vitello as the next Acting Director of U.S. Immigration and Customs Enforcement (ICE). In addition, Trump nominated Tony Salisbury, who currently serves as the U.S. Immigration and Customs Enforcement's (ICE) Miami Special Agent, as the next White House Deputy Homeland Security Advisor.
[align center] Trump's latest "promise"
On December 10th, US President elect Trump stated that individuals or companies investing at least $1 billion in the United States will receive "fully accelerated approval and licensing".
On that day, Trump stated in a post on his social media platform Truth Social that environmental approvals are part of investment incentives. Any individual or company investing $1 billion or more in the United States will receive comprehensive accelerated approvals and licenses, including but not limited to all environmental approvals. Get ready to rock! "Trump wrote.
The specific content of Trump's proposal is still unclear, and Trump's transition team did not immediately respond.
It is currently unclear why Trump decided to release this message on Tuesday. But earlier on the same day, the US Supreme Court heard arguments regarding a federal environmental review of a proposed oil railway in Utah.
This is the latest sign that Trump intends to relax federal agency regulation and attract more foreign investment during his second term.
Trump specifically mentioned environmental approvals in his post, which also drew attention to his plan to roll back a series of policies from the Biden era, including electric vehicle tax credits and stricter fuel standards, aimed at addressing climate change.
Trump has chosen Lee Zeldin as the Administrator of the United States Environmental Protection Agency, who has vowed to cut regulations he believes burden businesses.
[align center] Warning from Biden
On Tuesday local time, US President Biden warned that Republican Trump's plan to reshape global trade by extending tax cuts and imposing tariffs could have a negative impact on the US economy.
On the same day, at an event held by the Brookings Institution, Biden defended his economic policy, saying that his policy had helped Americans recover from the impact of the COVID-19 epidemic. However, voters clearly do not agree with this, and the Democratic Party suffered a huge defeat in last month's election.
Biden pointed out that most economists believe that the new government will inherit a fairly strong economy, at least for now. I sincerely hope that the new government can maintain and make more progress on this basis
However, Trump has promised significant reforms to economic policies, which is also a major reason for his return to the White House. The painful defeat suffered by the Democratic Party means that voters are dissatisfied with the economic situation under Biden's leadership.
Nevertheless, Biden insists that his policies have sown the seeds of economic growth that will grow in a way that supports working-class and middle-class families.
Biden warns that if Trump implements tax cuts for the wealthy, cuts in social welfare spending, withdraws infrastructure investments, and imposes new tariffs on trading partners, it could threaten the fruits of economic growth. At the same time, he also pointed out that if the United States abandons its free trade policy, it may allow competitors to play a more important role in shaping the global order. Biden emphasized, "I think this approach is a major mistake. If we don't lead the world, who will lead
Economists also generally believe that the Republican Party's promise to impose high tariffs may reignite inflation, and further tax cuts for businesses may widen the already high deficit in the United States.
Biden also criticized many of Trump's policies during his first term, especially the tax cuts, which he said mainly benefited the wealthy. He attempted to compare this criticism with his own policy stance and emphasized his efforts to expand health insurance coverage and promote measures such as expanding child tax credits.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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