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Trump is named Time’s Person of the Year, rings New York Stock Exchange’s opening bell

The ringing of the bell is a powerful symbol of US capitalism, and Trump has never done it before despite decades as a New York businessman

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Donald Trump gestures after ringing the opening bell at the New York Stock Exchange. Photo: AP
President-elect Donald Trump rang the opening bell on Thursday at the New York Stock Exchange after being recognised for the second time by Time magazine as its person of the year.
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The honours for the businessman-turned-politician are a measure of Trump’s remarkable comeback from an ostracised former president who refused to accept his election loss four years ago to a president-elect who won the White House decisively in November.

Before he rang the opening bell at 9.30am, a first for him, Trump spoke at the exchange and called it a “tremendous honour”.

“Time Magazine, getting this honour for the second time, I think I like it better this time actually,” he said.

Trump, accompanied by his wife, Melania, daughters Ivanka and Tiffany and Vice-President-elect J.D. Vance, grinned as people chanted “USA” before he rang the bell. He then raised his fist.
A screen displays an image featuring Donald Trump on the wall of the New York Stock Exchange. Photo: Reuters
A screen displays an image featuring Donald Trump on the wall of the New York Stock Exchange. Photo: Reuters

In his remarks, he talked up some of the people he has named to his incoming administration, including Treasury pick Secretary Scott Bessent, and some of his announced policies, including a promise this week that the federal government will issue expedited permits, including environmental approvals, for projects and construction worth more than US$1 billion.

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