President Trump's address begins • Unknown
- President Trump thanks Larry for the introduction and expresses his pleasure at being back in Davos. He announces "truly phenomenal news from America" and marks the one-year anniversary of his inauguration.
Economic turnaround in the U.S. • Unknown
- President Trump details the economic successes of the past year, citing booming economy, exploding growth, surging productivity, soaring investment, rising incomes, defeated inflation, and a closed border. He contrasts this with the "nightmare of stagflation" under the Biden administration.
Economic figures and achievements • Unknown
- He provides specific figures: core inflation at 1.6%, projected Q4 growth of 5.4%, 52 all-time high stock market records adding $9 trillion in value, and lifting over 1.2 million people off food stamps. He claims $18 trillion (potentially $20 trillion) in investment commitments, contrasting with Biden's less than $1 trillion.
Critique of past policies and "Green New Scam" • Unknown
- President Trump criticizes past conventional wisdom in Washington and European capitals, including increasing government spending, mass migration, and reliance on foreign imports. He specifically targets the "Green New Scam" and policies that led to record deficits and social disruption.
President Trump's policy initiatives • Unknown
- He outlines his administration's policies: opening energy plants, removing windmills, firing bureaucrats, lowering taxes on domestic producers, and raising tariffs on foreign nations. He boasts about cutting federal spending by $100 billion, slashing the budget deficit by 27%, and cutting 129 regulations for every new one.
Tax cuts and investments • Unknown
- The President highlights the largest tax cuts in American history, including no tax on tips, overtime, or Social Security for seniors. He also mentions 100% expensing and bonus depreciation for capital investments, significantly reducing the time for deductions from 38-41 years to one year.
Trade deficit reduction and economic growth • Unknown
- He discusses the radical reduction of the trade deficit by 77% in one year, the increase in American exports by over $150 billion, and the resurgence of domestic steel production. He notes that factory construction is up 41% and that the U.S. economy is projected to grow at double the IMF's April projection.
Energy policies and natural gas production • Unknown
- President Trump contrasts his administration's energy policies with those of the Biden administration, noting a 95% decrease in new domestic oil and gas leases under Biden. He emphasizes that U.S. natural gas production is at an all-time high and oil production is up by 730,000 barrels a day. He also mentions acquiring 50 million barrels from Venezuela.
Nuclear energy and AI leadership • Unknown
- He announces an order approving many new nuclear reactors and expresses enthusiasm for nuclear energy's safety and affordability. He claims the U.S. is leading the world in AI by a significant margin and discusses allowing large companies to build their own electric capacity to support AI development.
Critique of European energy policies and "Green News Scam" • Unknown
- President Trump criticizes European nations for their adherence to the "Green News scam," citing Germany's 22% electricity generation decrease and 64% higher prices, and the UK's reduced energy production despite North Sea reserves. He calls windmills "losers" and notes China's manufacturing of windmills while not heavily relying on them.
Greenland and national security • Unknown
- He shifts to the topic of Greenland, emphasizing its strategic importance and the U.S.'s unique ability to defend it. He recounts historical U.S. efforts to secure Greenland and criticizes Denmark's defense spending. He proposes immediate negotiations for the U.S. to acquire Greenland.
NATO and Ukraine war • Unknown
- President Trump criticizes NATO's unfair treatment of the U.S., claiming he strengthened the alliance by pushing member states to pay their fair share. He asserts the Ukraine war would not have started if he were president and claims to have settled eight other wars.
Economic recovery and policy successes • Unknown
- He reiterates the economic turnaround, citing falling prices for groceries, energy, airfares, and mortgage rates. He highlights the success of the "most favored nation" policy for prescription drugs, reducing costs by up to 90%.
Housing market and institutional investors • Unknown
- President Trump announces an executive order banning large institutional investors from buying single-family homes to make homeownership more accessible to individuals. He also proposes capping credit card interest rates at 10% for one year.
Crypto and financial freedom • Unknown
- He expresses support for the U.S. remaining the "crypto capital of the world" and mentions signing the "Landmark Genius Act" and working on crypto market structure legislation.
Mortgage bonds and Federal Reserve • Unknown
- He states that government-backed institutions are instructed to purchase up to $200 billion in mortgage bonds to lower interest rates and announces plans to appoint a new, respected Fed chairman.
Housing market dynamics and interest rates • Unknown
- President Trump discusses the impact of rising housing values and the need to balance affordability with protecting existing homeowners. He emphasizes the importance of lower interest rates, citing the U.S. as the reason many countries thrive.
Tariffs and trade • Unknown
- He recounts a specific instance of imposing a 30% tariff on Switzerland, leading to negotiations and a reduction to a lower, but still impactful, level. He reiterates that many countries rely on the U.S. for their economic success.
Stock market performance and inflation • Unknown
- He contrasts historical stock market reactions to good economic news with current reactions, where positive news can lead to a market crash due to fears of inflation and interest rate hikes by individuals like Federal Reserve Chairman Jerome Powell.
Manufacturing resurgence and immigration control • Unknown
- President Trump highlights the record-building of factories and car plants in the U.S., with investments totaling $18 trillion. He contrasts this with the Biden administration's immigration policies, claiming reverse migration in 2025 and the removal of criminals from the country.
Crime reduction and sanctuary cities • Unknown
- He boasts about significant crime reduction in cities like Washington D.C., Memphis, and New Orleans, attributing it to his administration's policies. He announces the cessation of payments to sanctuary cities and the crackdown on illegal immigration and fraud.
Cultural identity and Western values • Unknown
- President Trump emphasizes the importance of American and European shared culture and the need to defend it against external influences. He highlights the rapid advancement of technologies like AI and the U.S.'s leadership in this field.
Economic growth and U.S. leadership • Unknown
- He asserts that U.S. economic growth is the key to reducing debt and that his administration is cutting costs and using tariffs judiciously. He points to AI as a major factor in growth and discusses the U.S.'s competitive edge against China.
U.S.-China relations and diplomacy • Unknown
- President Trump describes his good relationship with President Xi of China, acknowledging China's economic achievements. He also mentions his diplomatic learning from Marco Rubio and praises his Secretary of State, Mike Pompeo.
Greenland, Ukraine, and NATO's role • Unknown
- He reiterates the importance of Greenland for national security and criticizes NATO for its unfair treatment of the U.S., claiming he secured increased contributions from member states. He believes the Ukraine war would have escalated to World War III under a Biden or Kamala Harris presidency.
Ukraine peace negotiations • Unknown
- President Trump expresses his belief that both Russia and Ukraine want a deal to end the war and that his team is working to facilitate it. He acknowledges the significant animosity between Zelensky and Putin but believes a deal is possible.
Middle East peace and Hamas • Unknown
- He discusses the progress made towards peace in the Middle East, acknowledging the agreement by Hamas to give up weapons. He warns of forceful action if Hamas does not comply and credits U.S. military actions for enabling peace agreements.
Question about sustaining economic growth • Unknown
- The moderator asks how to sustain economic growth given the looming threat of recession.
President Trump's response on economic growth and unexpected events • Unknown
- President Trump attributes economic downturns to unexpected events like the COVID-19 pandemic, which he believes originated in Wuhan. He praises his administration's response to COVID-19, including "Operation Warp Speed," and asserts that the U.S. economy is poised for unprecedented growth, with a caveat for unforeseen global events.
Question about U.S. debt • Unknown
- The moderator inquires about strategies to address the high U.S. debt.
President Trump's response on debt reduction • Unknown
- President Trump states that economic growth and cutting expenses are the primary methods for reducing debt. He also mentions utilizing tariffs judiciously and cutting fraud, citing an example of $19 billion in fraud in Minnesota.
Question about AI and U.S.-China competition • Unknown
- The moderator asks about the impact of U.S. investment in AI and the competitive relationship with China, including the potential for collaboration.
President Trump's response on AI and U.S.-China relations • Unknown
- President Trump acknowledges the massive scale of AI development and the U.S.'s leadership in this area. He reiterates his positive personal relationship with President Xi of China, despite trade and security concerns.
Question about a deal on Greenland and Ukraine • Unknown
- The moderator asks about the potential for a deal regarding Greenland and Ukraine, and the current status of negotiations.
President Trump's response on Greenland, Ukraine, and NATO • Unknown
- President Trump reiterates Greenland's strategic importance and criticizes Denmark's handling of its defense. He again criticizes NATO for its perceived unfairness to the U.S. and believes his presidency prevented a larger conflict in Ukraine.
Question about Ukraine war and negotiation progress • Unknown
- The moderator inquires about the proximity of a potential agreement to end the war in Ukraine.
President Trump's response on Ukraine negotiations • Unknown
- President Trump expresses confidence that both Russia and Ukraine want a deal and that his team is making progress. He acknowledges the animosity between Zelensky and Putin but believes a deal is achievable, referring to it as a "bloodbath" that must be stopped.
Question about the Middle East peace deal and Gaza reconstruction • Unknown
- The moderator asks about the importance of the Middle East peace deal, the potential signing with Gaza, and the prospects for reconstruction.
President Trump's response on Middle East peace • Unknown
- President Trump expresses optimism about peace in the Middle East, highlighting the progress made and the commitment of various countries to addressing issues like Hamas. He credits U.S. military actions for creating the conditions for these peace agreements.
Closing remarks and thanks • Unknown
- The moderator thanks President Trump for his participation and acknowledges his demanding schedule. President Trump offers his thanks to the attendees.