數字台灣 #HD539 川普大帝降臨!世界重新洗牌! 謝金河 李鎮宇 乾隆來

Translated by Hua Chenyu English Subs Welcome to watch Taiwan's latest news. Good evening, everyone. I'm Xie Jinhe. Welcome to watch this week's News of Taiwan. This week, we're going back to the original tempo on the 14th. Today, we're going to start with Trump. As you can see, from November 6th, Trump was confirmed to be elected until now. Each of his actions are affecting the whole world. So I can say that he's not only the president of the United States, but also the emperor of the world. Until now, the first thing he did was to gather the members of the cabinet in the shortest time possible. I believe that no leader in the world can gather his future administration team in such a short time in such a short time. This is what Trump did in his administration. I often describe it as the world's martial arts will not be broken in a short time. His reaction is very fast. This week, we can see that Trump is starting to impose high tariffs. He said to Mexico and Canada that if Fentanyl drugs or border smugglers cannot be effectively controlled, he will deduct 25% tax. He also deducted 10% tax on China for Fentanyl drugs. So I think his tariffs have a lot of lists. In recent years, the United States has played a very high role in the trade war against Mexico. After the trade war, what kind of countermeasures will these countries take? I saw that the Economist's column talked about the game rules in the future. the Trump era. We can see that Trump's influence on TSMC is obvious. At the same time, the tariffs have started to fall. When the tariffs fall, many countries take the lead. After that, we can see that the international new order, including the financial market, has also started to change in Trump's path. The price of Bitcoin is worth $100,000. I believe this is because after Trump was elected, he changed the global financial map. In the future, Taiwan will also play a big role in Trump's impact. Everyone knows how Taiwan faces Trump. I think President Tsai should think about how Taiwan will deal with Trump's new era. Today, we have invited TSMC's Chief Economist, Dr. Lee Chun-yi, to give us an overview. Dr. Lee has been very optimistic about Trump in recent years. The election results were as expected. I will ask her to explain in detail. At the same time, we can clearly understand the author of this week's column, Tsai Chih-tung. Today, she will give us her first-hand observation. Let's take a look at this week. For Taiwan, everyone is excited about Taiwan's baseball. In the 12th round, Taiwan beat Japan 4-0. This victory encouraged the people of Taiwan. Last Sunday, when the news about Taiwan was broadcast, even our ratings were affected. As you can see, more than 3.2 million people watched the live broadcast. Everyone was watching baseball. Baseball became Taiwan's common language. In this common language, as you can see, after Chen Jie-hsien came back, he put his hands on his chest. He also told everyone that there are names all over the world, but only Taiwan does not have a name. Taiwan has a name, but as you can see, Taiwan has many different names. Some call it Taiwan, some call it China-Taipei, and so on. So, as you can see, Team Taiwan, and now Chinese Taipei, everyone is arguing. But from the perspective of baseball, everyone must understand that Taiwan's baseball has a hundred-year history. In 1892, Taiwan gave up to Japan. After the Treaty of Maguan, the United States already had baseball. So, the baseball in the United States was translated into baseball in Japan. So, this baseball, as you can see, in the movie Kano, the Japanese actor, that was called baseball. So, in the baseball movement in Taiwan, since 1906, the Central High School of Taiwan's Goryeo High School was established. In 1906, it was already a baseball team. Later on, the baseball team went to Taiden and Heku. Many public and private institutions started to train the baseball team in Taiwan. So, until 1969, the Goryeo High School won the World Championship of the Goryeo High School of Williamsburg. That's when Taiwan started the craze for baseball. At our age, the Goryeo High School was basically the beginning of the craze for baseball. We stayed up all night and watched TV until dawn. Everyone applauded and clapped for the Chinese team. Everyone was excited all night long. From the Goryeo High School of Kinmen to the Goryeo High School of Chihu, to the Goryeo High School of Jiren, a series of Taiwan's baseball teams helped Taiwan build a very good foundation in the world. From the Goryeo High School, we have Kinmen to Kinmen and Chengbang. After Chengbang, Taiwan reached the level of professional baseball and we become the strongest team in the world. Taiwan hasn't shown Taiwan's explosive power, but this time we defeated the Japanese professional team I believe everyone was very excited. I believe this excitement will bring a new thought Think again. I believe how Taiwan is in this baseball Find Taiwan's relative cohesion. I think this is a good start for Taiwan So the industry is also good. Taiwan's industries are actually all talking about baseball The population of baseball has also increased rapidly. In this baseball Everyone can feel the fine work of baseball in the future It is no longer the early days of that kind. He collects data through coal Then the division of labor is very delicate, including how to match the flower head and cowhide Including the explosive power of the striker, how to train I believe it's all in this baseball game. Bring more inspiration to Taiwanese This actually tells everyone that Taiwan is very different from China. Why Taiwanese people will cheer when they see baseball, but Chinese people don't understand This also tells everyone that this is a very big distance between Taiwan and China Taiwan and Japan have a hundred-year relationship, so since 1895 In fact, Taiwan has been under Japanese rule for 51 years So Taiwan and Japan have a lot in common At this time, everyone should look back and think about the history from 1895 to 1945 If you cut it off, I believe that Taiwan's roots will be cut off From baseball this time, it actually brings more inspiration to everyone I think everyone is worth paying attention to Let's take a look at some of the key points in Trump's era One, Trump's cabinet has probably emerged These cabinet members are probably very fierce So from Rubio to Mike Walsh Then all the members, including the United Nations ambassador Stephanie Carney This list is probably a very strong anti-China representative So this chart is actually from 2017 When Trump first took office, his actions were already very fast This time it looks faster than last time So Trump's tax reduction effect in his first term Including the stock market he distributed to shareholders Trump's later U.S. repurchase When Trump was elected last time, Dow Jones was at 17,930 So when he was elected on November 7, 2019 The Dow Jones index was at more than 27,600 and rose by about 10,000 So everyone can see that Trump's economy in the last term What changes will he bring to the U.S. this time It's worth waiting for We also see that Trump is now among the national security advisers In addition to Mike Walsh, his deputy is Huang Zhihan from China He is a very strong hardline against China He is skeptical of China's attitude I think this is worth paying close attention to He looks a little different from last time We also see that his finance minister, Besson, has now been released He is a person operating in a private fund So what will he be like in the future I think everyone is worth paying close attention to and looking forward to We see that Trump is now starting to target TSMC Maybe everyone should pay close attention to the future development of TSMC I think today we will have a chapter to discuss the future of TSMC This is a new era that TSMC has not seen before How does TSMC overcome Trump Then everyone can look forward to it Let's take a look at Trump in the great The Dow Jones index in the United States is now up 44,815 points Still going up But relatively speaking, everyone sees that TSMC's trend is full of mountains So the HSBC is relatively high Its original high was 5,931.83 It's about 20% lower now This also suppresses the performance of TSMC So TSMC recently found that TSMC's trend is very full of mountains Trump makes America great again Let's take a look at the U.S. banking industry In this round, the growth is very amazing In addition to the first day, TSMC rose 13% You can see that after the financial tsunami Probably restart The stock price has probably risen more than ten times TSMC rose from 7.8 to 76.24 You see that the U.S. bank is 2.53 Now up to 46.84 The parent company of Lanshan Longevity, the original AIG The U.S. bank rose from 9.71 to 295.83 Goldman Sachs has now risen to 611 So you see that from 47.1 This increase is probably more than ten times Trump makes America great again You can see that the relationship with AI or semiconductors is not so big now But the U.S. aviation industry As you know, the United Airlines has risen from 17.8 to 101.69 And you can see that Ford's Rolls-Royce has risen from 83.28 to 237.16 You can see that in Trump's new era The U.S. has begun to create some new strong industries that we have never seen before 2025 is coming I think that Fubang Jingkong probably has his thoughts on the future development He said that the three major risks in 2025 The U.S. economy is the most important You can imagine a little bit of these three major risks In fact, by 2025 It is likely to be a more intense era of change Let's take a look at the Taiwan value-added list You can see that TSMC is now leading But if you look closely TSMC already has 5,625 billion left In the past, TSMC and TSMC were called the two bears of this year The two sides are equal But you know TSMC has maintained a mature manufacturing process Now in the high-end manufacturing process The gap between the two sides is widening TSMC's current market value is only 2.2% of TSMC's This is unimaginable Another one We also see that Guangda and Taida are rapidly rising in the AI industry Taiwan's gold industry is now rapidly rising in value These are all winners in recent years But if you look at the loser TSMC is now in the fourth place in Taiwan's value-added list Now it's in the 20th place Nanya is in the 8th place Now it's in the 34th place TSMC is in the 7th place Now it's in the 41st place TSMC is not even in the 50th place It's in the 60th place It is likely that it will be driven out by Taiwan 50 This is what you can imagine TSMC has never seen such a situation In this situation Let's look at Taiwan's first three-quarter profit growth chart This is also worth everyone's attention TSMC made 7,983.8 billion in the first three quarters The mutual fund is 1,211.9 billion The third place in Evergreen is 1,068.9 billion Honghai is 1,063.99 billion TSMC is 1,028.17 billion Taiwan's top five listed companies have more than 100 billion in profits This is also in the third quarter You can see that Taiwan's listed companies can deliver 1.12 trillion good results Very important key In the new era of the future Facing Trump Then everyone must have a high degree of imagination That is, I have often asked you a question recently From 2017 to now Then everyone can imagine a little What changes have happened in China in the past seven years In 2017 Shouting the three strongest slogans One is called my country Another generation Another one is called Wanda Supercar China makes 2025 After Trump took office The next four years Everyone has to think about Trump's next four years What kind of shocking changes will happen in China Also include Now see the future fate of Ukraine Influence the order of Europe in the future In addition Everyone should be more imaginative How will the RMB change in the future I believe in the next four years RMB change It must be beyond everyone's expectations We want to introduce our guest today We want to introduce Dr. Li Zhengyi, Chief Economist of TSMC So in the past few years Mr. Wu Dongliang Very impressed with him And he is Among the young economists He is the youngest Also the most explosive Let's ask Dr. Li to greet the audience Hello, everyone Let's welcome old friend Cai Zhizhong again Hello, everyone Good night, everyone Give everyone a little more space Let's go back to the ad first Let's ask Li Zhengyi to tell everyone In Trump's election I think you have been predicting the changes behind What do you think of Trump's changes in the next four years I think everyone is very Pay attention to your future view I think we will go back to the ad first Please come back Welcome back to the scene I think from November 6th to now Less than a month But the focus of the world In fact, it's all on Trump It seems that no one has been talking about Biden recently Biden has been dragging it to January 20th But the world's order In fact, it has been elected by Trump on November 6th In fact, restart I believe in this month You can see that Trump has a lot of big moves This big move Now he also points to Taichung Affect Taiwan And his attitude towards China now It looks like I'm describing Trump's cabinet team It seems that every roll-up show It seems to be ready to fight China This posture looks very fierce How do we observe the future in Trump's new era The impact it has on the entire future world What do you think of this trend Hello, Mr. President Hello, everyone Actually, since last year Speaking of this year I said at that time In fact, in 2024 The biggest gray rhino Trump returns to the White House At that time It was the first time I was invited by Taichung I wrote the first article of Taichung on January 25th The first article is Trump I have been learning I wrote 31 articles before the election More than 13 articles are about Trump All about Trump I said at that time In fact, a lot of things You have to consider this possibility first At that time When you read it at the beginning of this year Many people will not believe But I said this is a big gray rhino I said at that time You have to do Trump money For example, I said like Taichung You really don't need to build a factory so fast Slowly build Maybe Trump is elected You invited Trump to cut firewood This issue is very important now Invite Trump to cut firewood He is happy In fact, Trump You said he is fast in action Think fast, react fast, all right But he is actually quite naive sometimes You comfort him He is actually effective You actually make him happy In fact, this whole For the whole Whether it's TSMC or Taiwan In fact, it's all very Speaking of TSMC I recently said TSMC's Arizona factory Don't start work at the beginning of December I said you wait until Trump takes office You choose the time he can come Any time is fine Then invite them to see the factory You tell Trump In 2019, this factory was invited by you Come to set up a factory Now you come to receive it, right? This is what you said He must be very cool Then he will be very happy Then later In fact, we are I am on June 25th I remember June 27th Biden and Trump are going to debate for the first time Then I was on June 25th Two days ago I said this is called the first and final battle I said this is very dangerous You don't debate I didn't understand at that time What Biden's staff was thinking I said after the debate Maybe Biden is going to step down At that time I said this comment No one believed After the debate Completely destructive debate Very soon And Later Look at Harris Nominated on August 21st Wow, at that time The momentum is very high His poll with Trump after the debate At that time it was 63.37 to 37 Very high I said don't be too happy I said this may be What is it It's a fake war of the US presidential election What is a fake war During the fake war The navy of the Qing Dynasty Because the presidential election is also very expensive Same as the navy I said the navy of the Qing Dynasty At that time, the whole world lined up Stand This is the position Is the first in Asia Go fight with Japan Two or three times In Japan I said don't be too happy Because you can see this time Harris spent a lot more money than Trump But look at what Harris lost I said you don't underestimate Trump's shy voters That base That's a big one Everyone is silent Silently voted for Trump I said you can You are the debate on September 10th If you can continue Three weeks in a row Three weeks You can lead by 3% I said this is hope The content of his acceptance interview It's too monotonous No content He only leads by 8 days So I said this is actually Very very dangerous Then I echo What Mr. Xie just said Actually Trump This story is also quite interesting It's simple to say That is Trump came up Every country feels It feels like the teacher is here Before class Mess The teacher entered the room Everyone is very good I often say Don't reason with hooligans You reason with hooligans He will play hooligans with you You play hooligans with hooligans He will reason with you Now many countries Are playing hooligans Wait until Trump comes up Say to play hooligans Is there anyone bigger than me Everyone will be obedient The other one Me and this Mr. Xie's opinion is the same I think this time Trump's final staff There is a big feature Because I know everyone likes it very much Taiwan seems to like Pompeo very much I also like Pompeo very much Pompeo's main Chinese staff Is Professor Yu Maochun I also talked to him This is also very famous But I think Professor Yu Maochun His thinking Still has something to do with his birth He was educated in mainland China Then went to the United States So he actually has some feelings for his motherland So he often brings up a concept The CCP is not China Is there a problem with this view I don't think there is a problem It's just that this is like There are a lot of theories in economics It is always based on theories He can't execute How do you tell me The difference between the CCP and China Do you have a list So Watson came up and said He said 400,000 Chinese students are good babies But it is possible at any time Be a spy for the CCP So you can see this time This group of people came up Just treat him as the CCP His tone is very, very consistent Hit China Already 10% went down first I said this is actually This year The entire financial market I think there are three things The first one is whether AI will fall We'll talk about this when we have a chance The second one is The second one is Nixon's reversal We'll talk about this when we have a chance This is probably United States and China sanctions Russia United States and Russia sanctions China That's right The theory is like this This is the reverse Nixon Nixon was the first to propose the end of the world The end of the world Now it looks like it's a little bit of a two-way Yes You can see The people Trump uses It's not the so-called Deep State Yes Because if you pay attention U.S. standard diplomatic elite What is his upbringing The first one Embrace China Yes Deal with the Middle East Yes Located in Europe The biggest opponent is Russia That's what they think So you see From 2015 Obama said I want to return to Asia I've been back for so long I don't even know where the ship is going It's going to the South Pole Why? Because Deep State These people The U.S. diplomatic elite does not respond to this Yes He doesn't respond to this He thinks in his head His training is Russia is the biggest enemy Yes So he won't believe this So you want to return to Asia Then you have to rethink So I say Reverse Nixon This is likely to happen It's getting stronger and stronger So this is Everyone is in danger And you can see this It's basically slowly executing So the people he uses In fact, his thinking is consistent with him He has no framework Yes, he has no framework He doesn't need to be affected by these frameworks So I said this year The entire Asian financial market Where is the support? In the RMB You hit First You have to respond Right? This time you can see Trump deducted 10% of tariffs Does China respond? It seems to be more My idea Because the tariff Trump is the earliest In 2017 He has already started Yes So tariff Because at that time I kept talking about tariff Everyone can avoid it It's already scattered So I think this time Tariff is of course the focus But tariff Not the most important The next time it must be very important It's called the financial war Why? The financial war It's called the shoulder I'll tell you It used to be manufacturing Now it's out Now even finance Including your funding Also come out It's with you Drain your pool After draining I have been thinking Four years later RMB How much will it be? This is a So I said RMB This is the central government So I also call for this President Xi said Our government Should observe closely We are not just Going to observe the United States US-Taiwan relations are one US-China relations To Taiwan The ripple of this earthquake This has a big impact You can think of one thing If the RMB is heavily depreciated Do you want to follow the Taiwan currency? Do you think the Asia currency will be affected? Maybe the whole piece Will be greatly affected This is a very important So this thing So I said This is actually going to be established Not just to establish How to deal with the United States To establish a China Committee to deal with China And this committee Should be established Under the Presidential Office Because this is not This is not just Something that the Executive Yuan can handle The central bank has to come in National defense Foreign affairs Everything has to come in This is the Presidential Office So this is very important I recently said These years Often stand in China's position Scolding Taiwanese businessmen He may be four years later I don't know Maybe even my own company fell This is Now everyone pays attention Just So many years We often say To withdraw from China But everyone is half-believing And then Until now A lot of people are optimistic about China The entrepreneurs still have a lot of pressure Ah, that one The support behind I think it will be very big You take a break first Wait a minute Let me let Cai Zhidong first Come and talk to everyone Welcome back to the scene I think Trump is in Various occasions In fact, everyone All political figures in the future Must remember Like Trump When Trump was interviewed He speaks He must have content And he has a sense of direction You don't want to talk a lot Trump actually Taiwan He can speak in very white words For example, he said Taiwan is strong in the United States 100% chip business Taiwanese are very rich Must pay the protection fee This word Very white But you sound There are all kinds of different interpretations So Look at this situation now I said that Including TSMC How do you make Trump Understand the importance of TSMC to the United States So I say This is the key Then we just talked about TSMC He is now shooting After the gun was fired In the end If I come We also saw Minister Guo Zhihui said EMS is more nervous But I think The level of impact Will be bigger than you think How to interpret Trump The truth behind his words There is also a Trump's TSMC Impact on the future world You play this Audience I want to report to the audience A very important message Taiwan in the past Including presidential election After the U.S. presidential election Everyone is very afraid of Trump But there is a very important It's our own blind spot Taiwan's all flat media And TV media All affected by the U.S. anti-Trump media This week The U.S. tax on Canada and Mexico 25% Is a very good example Because we are all New York Times Wall Street Journal CNN TV station CNN They actually put Trump Negative things Will expand it This week is the best example Trump's most important purpose He wants to deal with fentanyl U.S. opium Drug addiction And immigration But you go to see U.S. media About two-thirds Are reporting tariffs What will happen to the tariff That won't happen But our Taiwanese media Because of this You will see the front page of the newspaper The big side And the second and third edition The whole edition That created a Let these in Taiwan Manufacturers in Mexico It seems that their stock price Is going to fall You see, no I reported to the audience Why does Trump do this? Because of the U.S. Illegal immigration In Biden's situation Very, very serious In Trump's era There will be about 50,000 every month Illegal immigrants at the U.S.-Mexico border In Biden's era Illegal immigrants Increase to 250,000 every month About 3 million a year We put it in Taiwan In this kind of environment It means that we have 23 million people Every year there are more than 200,000 People from the mainland Came to Taiwan Then you think about it He has been down for three consecutive years It means that all illegal immigrants in Taiwan All double Then this thing In Taiwan It's completely impossible Such a thing Happened in the U.S. This is for Trump He has to deal with it Have to put this The whole number of illegal immigrants Have to lower it Opium is the same Opium U.S. opium addiction It's the chemical synthesis of phenethylamine The vast majority of raw materials Are from China In Biden's term At most every year Because of opium addiction The number of deaths 120,000 people He has more than 10 million people Is smoking opium Of course that With our traditional Smoking is different He is He is taking medicine Biden is very serious Find a way to suppress it Until now Only 120,000 people Only down Down to about 100,000 people What about Trump Is to put From this pharmacy in China To Mexico Or through Canada Into the U.S. This opium This This passage Stop it He just wants Mexico Mexico Because the president just changed That female president From October to now Very, very slow He has not yet Even the ambassador to Washington Has not been sent out yet So Trump will use A tariff thing To force him He yesterday I think he has already Already conceded He surrendered He wants to talk again Yes So what Trump is doing Basically He said Before he took office on January 20 You see By the end of November Already put all of his first-tier executives The whole team All done This Taiwanese is so powerful He has power Trump's speed Is the fastest ever President Because he only has four years Time And two years Elections So he must be within two years Complete what he wants I will report to you later He is within two years He must What he will do How is it That Actually we I am with Mayor Xie We are in Cai Xun In Jingzhou In 2016 We That year we probably Wrote more than 12 articles About Trump's report If you look closely Our media Will quote CNN Say Trump is a Unpredictable madman His policy will change at any time But This Industrial and commercial news Economic news I often see sometimes Their arguments It seems to come from Taiwan Because they are Will get used to Use this American flat media Those Because those media Are against Trump If we Put 2016 Trump's In His campaign trail During the election This policy Put it down It's exactly the same Trump in 2016 He said To China 45% Penalty tax In 2016 He said Oil prices will fall In 2016 He said Border immigration Must be controlled These policies Including His To companies And personal tax reduction These things 2016 And 2020 It's the same 8 years It's the same So Trump's policy I think He is very predictable Just He Is there any ability Problem That Actually we are In this In the next two years We do investment Very clearly To understand Trump's policy What is this axis His policy axis First Oil price reduction He will lower the oil price After lowering the oil price His inflation can be controlled His interest rate U.S. dollar interest rate Will come out He will lower Corporate tax Personal tax reduction He And We all have one Taiwan media likes to talk about one After Trump came up U.S. Government Budget deficit Will explode Just the opposite Republican Since then He is Relative to the Democratic Party He is a control A fiscal discipline That kind of party So he is now The new base center When the minister came out He said He wants to put His fiscal deficit To reduce Reduce About half To 3% GDP This thing I think he can do it Because At the same time as the tax reduction He created this This tax There is also This part of increasing tariffs He can make up for it That This I think the Republican Party This budget next year You will definitely see him His government Federal budget deficit Is down At that time He wants At the same time To maintain the U.S. dollar This strong position I think This Now the focus clues It's probably very clear Let's come back Wait a minute This Zheng Yuxiong Take a look I just told you The middle of the year From February to mid-February There is a very important one Called oil price If the oil price keeps I originally said Petroleum is a strategy That is to say If the oil price keeps falling These petrochemicals With Russia In fact, his economy Will face a big crash In this case I think Now Trump is back Open Open oil and gas I think he has pointed out To let Oil price Effective So The low oil price It seems to be Trump In the future strategy If the oil price is very low Many countries in the Middle East It will be very tired now This is a Oil strategy Very important Then I think Trump in This period We can also see One is tariff One is tax reduction Come again Encourage the United States to make Then Encouragementism This is He went from multi-sided to single-sided Then Control of the border Including opposing immigration Then ESG It's been a long time Trump now withdrew Paris Climate Agreement This makes everyone Silly So Trump now says a word He said a bullet Didn't end my life Next Will be the golden age of the United States This word Of course, it's powerful Then I think This is Trump's golden age Wait a minute Also invite Zheng Yixiong To help everyone To further explain Come back Ok i want to see Zheng Yixiong, you posted Nixon era You can't understand if you talk like this But Two in a row Probably I think Of course it's very important One Oil strategy That Trump's oil strategy Including him this time Withdrew This climate agreement Then a lot of oil exploration This is all Original and traditional value Some are different What about this strategy The first one What kind of effect will it have In addition You add China is facing the Trump era For example, now We just talked about the RMB RMB How much pressure will there be in the future? That You just said Now the government wants Start facing China Under the US-China truce The next four years I think this is a In our life Unimaginable change The third one is You come and talk In How to face Trump this time Pressure These three I Before I talk about oil Let me talk about it first This time the United States Pushing Trump to the presidency The first and most important factor Is inflation The Fed has spent so much time Always controlling the CPI CPI is a number If the price goes up, it won't come down If the price is high Of course next year The CPI will go down But the people feel It's not the CPI number The people feel I don't have money in my pocket Look at that Isn't there a story recently? UCLA professor No house to live in $70,000 a year No house to live in Can't even afford to rent a house So this is very miserable So many people say I have some friends in the Fed What to do if Trump is elected? I said you should be very happy Because you are engineers You are Jeremy Powell is an engineer So you have to know one thing The price will be sticky If the price goes up It's hard for him to come back Your breakfast shop From $5 to $10 It's hard for you to change it back to $5 It's really difficult But Your money Of course you can say I beg this This The corporate world to give me a raise This raise It's already limited Very slow He also added according to his ratio What is the fastest way? I originally added oil for a month To spend $5,000 I add oil for a month now Spend $2,000 Am I $3,000 more? That is the most sensitive $3,000 more in my pocket This is the most practical $3,000 more We buy things This is the most practical So I said As soon as Trump came up Must do the first thing One thing three Just hit the oil I put the oil price Because Trump You go and see Trump's last four years Decrease that Don't be extreme His average is around $45 to $50 $40 to $50 Biden is $70 to $100 Yes Biden's problem is He believes in so-called climate change Then he said Then we don't open oil We put the condition of oil opening Make it very strict Let you open oil The cost is very high After it becomes very high Then I use green energy Where is the green energy industry? In mainland China You are helping mainland China Develop its green energy industry How can there be such a stupid team? I am helping my opponent Develop their supply chain Then close my supply chain Then say I am for the good of the earth You are the president of the United States You are not the president of the earth You figure out the situation So let the United States Any president said Let my country be great What's wrong with this? President of Taiwan also said Let Taiwan be great Do you want to tell me I want to make Asia great Make China great You are not that great You just let Taiwan be great It's amazing So I said Must hit the oil first I hit the oil First The green energy supply must decline China will face great Because now China's green energy Has faced a lot of oversupply The annual total supply of solar panels Is the annual total demand The world's demand is 1.9 times You stick to Mars It's more than enough Second If you hit 60 yuan Even below 60 yuan Let me tell you These oil producing countries are very hard They just produce oil Your oil must be low to 60 yuan 60 yuan is probably Russia Russia Before the war Their fiscal balance Below 60 yuan Their fiscal balance is deficit If you hit it to 60 yuan If you hit it down Everyone If you hit it from 30 to 50 yuan Everyone will be very hard But What will happen to you? The oil supply will decline Whose pockets will be full? Americans' pockets will be full So they will be happy So I have been echoing What Qianlonglai said Trump only has 4 years Strictly speaking He only has 2 years In these 2 years He must do everything first Because you have to do it first So that he can say I won the election in the middle of the year I want to push JD Benz to take over Because JD Benz is his son's good friend He can build the Trump dynasty Let Trump be great So I think this For him It's a very, very important thing As for TSMC In fact, I think To tax TSMC directly This is very difficult First, he is a middleman It's hard for you to tax a middleman directly Second, one thing is You must let people know Because this time He asked Benson to come up It actually means one thing He is Mnuchin 2.0 What does he actually care about? The stock market, Wall Street Trump I just said Recently we are back to that Trump Trump is talking about stocks We are now back to the Trump era Get up every morning Look at Trump's Twitter first I talk a lot about Trump's Twitter Trump's headquarters posted a lot of articles We are going to start chasing It makes sense for him to push up You have to know The last four years What does Trump usually push? Push the stock price Stock price innovation is high He will immediately push Look at the recent stock price innovation is high So you have to let him know In fact, TSMC is not Stealing your American business We have a relationship with the United States Partner relationship Right To be more polite That is to say, we are like this Bullfighting team We are the coach The role We help you make gold You are making money Your hair is higher So you hit TSMC In fact, it will hit your stock market Will hit NVIDIA Will hit Apple Will hit this Qualcomm This is actually bad for him Must put this news Constantly go through various channels Deliver to President Trump After he knew this He will know In fact, TSMC is good for the United States It's a good thing to revive the United States Not a bad thing He got the wrong direction In fact, there is another important point Musk Musk has always been He is very unfriendly to Taiwan This time Musk In the process of Trump's election He stood on the front line And he also made a lot of money Now there are some noise Musk to the current Trump team Members He also pointed out This means After their term of office Probably you will find Trump and Musk There must be a dispute Am I the boss or are you the boss? They both have very strong personalities Musk's super factory is in Shanghai Musk also went to China last year To see Li Qiang At this time You can also imagine In Trump's team For example, this time India 1 Osrami He also said that Trump's chip This chip bill in the Biden era He said that was a waste I think Many of these remarks In fact, there is some pressure on Taiwan So if we look at it from this perspective Taiwan's future How to deal with In such a Trump team If we communicate with Trump Or build a line Then let Trump understand Taiwan I think Trump is like this He can talk You have to let him He can understand what you say At this time Taiwan is in Trump's strategy What should we do We will come back as soon as we enter the advertisement Let's play it back So if you look at it from a basic point of view TSMC is probably not bad Wei Zhejia said He said that the demand for AI is just beginning In the next five years TSMC will be so good This is a big success story In TSMC's global strategy From Arizona, USA Japan's Xiong Ben 1 and 2 factories To Dresden, Germany The structure is roughly complete At the same time, we see Hou Yongqing and Zhang Xiaoqiang are talking The time has come 2030 Global production One trillion US dollars Now meet Trump's noise Trump at this time I think TSMC basically Meet Trump's big ship How does he face it What does President Tsai think TSMC actually This question is not difficult to do Actually do two things The first one He will be in February next year The board of directors will be held in the United States At the same time This December extension will be held I think TSMC already knows So he should invite Should go to Trump Then I I also guess Trump should appear Then this is Because at the time Will go to the Arizona shooting range Just because of Trump So today put this result Give it to Trump This is a very good publicity A very good publicity The second thing Trump, if you go to see There is one of the most important things in his 20 policies He wants to increase U.S. manufacturing job opportunities All the chip companies in the world TSMC created in the United States The opportunity to manufacture chips More than Intel Samsung said at that time Where to invest 100 billion Meiguang in New York In fact, all the world's chip manufacturers TSMC created the most U.S. job opportunities This thing, Wei Zhejia Actually very good When I saw Trump Use specific numbers to explain to him In the future, of course, there will be The second and third markets will open up one after another This is actually The whole direction of TSMC With Trump's policy direction Is consistent As long as this publicity Let's talk about this story Make it clear to Trump I think TSMC has no problem We were talking about this oil price We look again Please watch this picture carefully Trump and Biden The biggest difference between these two regimes Is in oil price In Trump's term The average oil price is 40 to 60 dollars Within this range And during Biden's time 70 to 100 dollars The highest is 140 Dr. Lee just made it very clear That is to say This oil price Is the U.S. The most oil-sensitive inflation indicator When the oil price of the U.S. dollar When the U.S. dollar is at $80 They want to refuel It's a family of four dollars or more Now it's down to $60 This range It has dropped to three dollars A family That's 25% less The extra money You can take it to buy clothes It's better than a bonus So Trump is You see him Invite two very important businessmen One is his finance minister Besson He talks about 333 That is, the economic growth rate should be 3% Then the federal government Should be below 3% of GDP In addition, the production of 3 million barrels From 10 million barrels It has become 13 million barrels The U.S. will put the oil price Take back the right to speak Take back the right to price the oil That was just Mr. Lee also made it very clear Viewers must remember When the oil price When Biden's $70 When it's $80 Putin of Russia He can sell oil to India for $60 Sell oil to China He has to give a 20% discount When the price of oil drops to $60 He has $48 left When it drops to $50 He has $30 left At that time, Putin sold one barrel for one barrel In that case The Ukrainian war There is no way to fight So Trump will Their regime will use this To lower the oil price Force Putin to negotiate It's best if you become me Become my little brother You listen to me You can live This is the low oil price On this geopolitical strategy A very, very good When he did this Germany and Europe will also benefit at the same time Then we are talking about Germany In fact, Germany is also I'm going to make a change to Congress The successor of Merkel Merkel's successor is very Now her voice is about 30% Far more than her second-place competitor She made it very clear in Germany That is to say, the current discount Trump won't care about you I can talk to Trump Many of his policies Including immigration Including the exchange rate The policy of interest rate In fact, it is very close to Trump So the new leaders of the United States and Europe At the beginning of 2025 They will produce a new chemistry The agreement of new cooperation And in the end Solve the problem of Ukraine very quickly Then the United States will move resources to Asia To deal with China I think in so many years Since 2017 We don't believe in China But now if your idea The concept has not changed I think in the future There may be only one word Called the place of death without burial So you slowly found out later From these ten years In fact, the relationship between the two sides Someone is talking about the relationship between the two sides It's not good for Taiwan's economy In fact, the relationship between the two sides is called irreconcilable In other words China is strong Your space is gone If this positioning is not clear I believe Taiwan There is no way to go a long way Thank you very much for Dr. Lee today Thank you, Tsai Chih-chung Thank you for watching Please continue to watch next week at the same time