Trump declares U.S. “Golden Age” at Davos

U.S. President Donald Trump told business leaders at the World Economic Forum in Davos that he is working to curb inflation and illegal immigration by increasing fossil fuel production in the United States, CE Report quotes Kosova Press.

“What the world has witnessed in the past 72 hours is nothing short of a common-sense revolution,” Trump said via video conference.

At the start of his speech, Trump declared his election victory as the beginning of a “golden age” for America. He stated that his administration had launched a "sensible revolution" and promised that both America and the world would become “wealthier” and “more peaceful” thanks to his presidency.
He accused the previous administration of "failed policies" and "economic chaos," criticizing deficit spending, regulations, and “hidden taxes.”

Trump emphasized that prices had “skyrocketed” and blamed Biden for losing control of the economy. He pledged to reverse these trends and stop “radical left” policies.
He stated that “economic confidence is now thriving” in America and that many companies have announced “billion-dollar” investments in the U.S. economy.
Trump warned that companies not producing in America would face tariffs, while those bringing production back would receive “massive” tax breaks. He also promised the largest tax cuts in U.S. history.

He mentioned a $500 billion investment in the development of artificial intelligence in the U.S. and noted that Saudi Arabia had announced investments in his country, jokingly asking Crown Prince Mohammed bin Salman to round the amount up to a trillion dollars.

Trump told the rest of the world that if they don’t manufacture their products in the U.S., they will face tariffs worth “trillions of dollars.” This would imply the introduction of universal tariffs, which many fear could affect the global economy.

“The U.S. will be the global capital of artificial intelligence and cryptocurrency… Come and make your products in America, but if you don’t, that’s your choice. However, you will pay tariffs of varying amounts that will drive hundreds of billions, even trillions, into our treasury,” Trump said, addressing elites in Davos and their biggest concerns.
Earlier, Santander's executive chair Ana Botín asked Trump about his priorities on deregulation and reducing bureaucracy, as well as how quickly these changes could happen.

Trump said he would “move very quickly” and then listed how fast he believed his administration was accomplishing tasks just three days after his inauguration.
The next question for Trump was whether there would be a peace deal in the war between Russia and Ukraine when the U.S. president speaks again in Davos next year.

“You have to ask Russia. Ukraine is ready to make a deal,” the American president responded.

Trump expressed hope that China could help the U.S. end the war between Russia and Ukraine.
“They have significant influence in that situation,” he said.

Trump was asked about U.S.-China relations. He stated that they “only want a level playing field,” adding that he doesn’t want China to take advantage of the U.S.

He also said he wanted to work with China on denuclearization, noting that other world leaders, including Russian President Vladimir Putin, would support the idea.
When asked whether the U.S. under his leadership would guarantee gas supplies to Europe, Trump answered affirmatively.

“We will certainly make an energy deal with Europe and deliver on it.”
He stressed the importance of American liquefied natural gas supplies for the EU.
The United States is already the leading supplier of LNG to the 27 EU member states, and its role is expected to grow further.

Trump reiterated that Canada could become an American state.

“We don’t need their cars, and we don’t need their wood,” he said.

Trump also said he would lower the corporate tax rate to 15% for companies manufacturing their products in the U.S.
“I will lower the corporate tax to 15%. This will generate significant interest in the U.S.,” he said.

In response to a question from the founder of Blackstone Group, Trump detailed his complaints about the EU.
Overall, he said customs duties and taxes in European countries are too high, their regulations are restrictive, the trade deficit with the U.S. is too large, and lawsuits against American companies like Google are unfair.

“We plan to do something about this. I’m trying to be constructive because I love Europe. I love European countries, but the process is too complicated, and they treat the U.S. very unfairly,” Trump said.

Trump said he would demand NATO allies contribute more. He claimed most countries weren’t paying until he came to power.
He also noted he was responsible for the Gaza ceasefire achieved in the final days of Joe Biden's administration and the return of hostages to their families.