Trump’s inaugural speech avoided direct war rhetoric with China but signaled dangerous trends: a growing alliance between corporate elites and government, imperialist ambitions, climate denial, and authoritarian overreach. With tech CEOs at the forefront and Musk in a key government role, the fusion of state and corporate power mirrors Mussolini-style corporatism. From threats to seize the Panama Canal to deploying emergency powers domestically, Trump’s vision risks U.S. democracy and global stability. This analysis unpacks the implications of a presidency rooted in power, profit, and peril.