President Trump's Remark at the World Economic Forum

President Trump's Remark at the World Economic Forum

THE PRESIDENT: Thank you, Klaus, and greetings to everyone in Davos.

This week marks a historic moment for America. Just three days ago, I took the oath of office, beginning what I call the golden age of America. The recent election delivered a resounding mandate, with victories in all seven swing states—a triumph not seen in decades.

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In just 72 hours, my administration has launched a revolution of common sense to address the crises we inherited. The previous administration’s wasteful $8 trillion deficit spending and crippling energy restrictions led to the worst inflation in modern history, skyrocketing costs, and economic chaos. On day one, I took swift action to reverse these failed policies.

I signed an executive order to combat inflation, imposed federal freezes on hiring, regulation, and foreign aid, and created the Department of Government Efficiency. I ended the Green New Deal, exited the Paris Climate Accord, and lifted burdensome energy mandates to unleash America’s vast oil and gas reserves.

These steps will reduce costs, make the U.S. a manufacturing powerhouse, and cement our leadership in AI and crypto. My administration has also initiated the largest deregulation campaign in history, paving the way for a stronger, wealthier, and united America.

Pressure on Saudi Arabia to Reduce Oil Prices

Efforts to pressure Saudi Arabia into reducing oil prices seem tied to fostering international cooperation to end the war in Ukraine. Trump’s stance has shifted toward supporting Ukraine to avoid their defeat, emphasizing the human cost of the conflict. His approach balances pragmatism with advocacy for a resolution that minimizes losses on both sides.

This strategy could intersect with Trump’s demand for NATO countries to increase defense spending to 5% of GDP, strengthening NATO and indirectly benefiting the U.S. military-industrial complex. Failure to comply may lead to renewed threats of U.S. withdrawal, signaling both accountability and reassurance to European allies. Meanwhile, Russia may escalate nuclear rhetoric in response to Trump’s proposed strategies to end the war.

Corporate Tax and Investment Strategy

The proposed 15% corporate tax rate aims to position the U.S. as a top destination for global investments. For instance, SoftBank’s Masa Son has floated plans to increase investments from $100 billion to $500 billion, signaling confidence in this policy. While this may initially appear fossil-fuel-centric, it could unintentionally drive investments into cost-effective green technologies, such as solar energy.

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