Shortly before President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday, he announced a “tremendous stimulus unlike any other country.”

“We will provide (an) enormous incentive that no other country has. We reduce your taxes. We’re going to lower them very significantly,” Trump said alongside First Lady Melania Trump, Treasury Secretary nominee Scott Bessent and Health and Human Services Secretary nominee Robert F. Kennedy, Jr.

“We brought it down from probably 42 or 44% to 21%, depending on where you are. And we brought it down to 21 (percent). Everyone said it was a miracle,” he continued. “Now we’re reducing it to 15 (percent), but only if you make your product here.”

The president-elect was invited to ring the opening bell Thursday after being named Time’s Person of the Year in recognition of his stunning political comeback and a historic year in which he survived assassination attempts and felony convictions.

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Other Time finalists this year included Kamala Harris, billionaire Elon Musk, podcast giant Joe Rogan and Israeli Prime Minister Benjamin Netanyahu.

President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday. (FOX Business)

As Trump prepares to be inaugurated in early January, his most talked-about policies include his proposal on tariffs – he would impose a 25% tariff on Mexico and Canada, increase levies on China – and plans to build on his 2017 tax build cuts package.

Domestic oil and energy production was also a focus of his presidential campaign, with Trump frequently using the phrase “drill, baby, drill” to express his support for entering the natural gas business.

“There is no country in the world that has more,” Trump said Thursday of U.S. supplies. “We are No. 1. I made it No. 1 in terms of production in my first term. We’ll be No. 1-plus. We’re going to do numbers that no one will really see before.”

“And when that happens, prices will go down because people won’t be able to afford their groceries, and very soon.”

On Wednesday, the latest inflation data from the U.S. Labor Department showed that prices for consumer essentials such as gasoline, groceries and rent rose 2.7% annually in November.

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Trump briefly commented on the increasing financial pressure Americans are facing to pay bills, saying, “That should never happen in America and will never happen in America.”

“We’re going to do it right, we’re going to take care of our people and we’re going to do things that no one ever thought possible,” the president-elect noted. “But we will have an economy like no one has ever seen before, and everyone will return to America.”

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Fox News’ David Rutz contributed to this report.