On the evening of January 26, Beijing time, Trump delivered the closing speech at the World Economic Forum in Davos, Switzerland.
Trump is the first U.S. President to attend the Davos Forum in nearly twenty years. In his speech, he touted the achievements of the U.S. economy as expected, reiterated a willingness to open up free trade under fair and reciprocal conditions, and emphasized once again that 'America First' does not mean 'America Alone,' calling for global 'Investment in America.'
Overall, the Trump team has emphasized 'reciprocity' in their past calls for 'free and fair' trade, but 'fairness' remains at the core of their demands.
The full text of Trump's speech is as follows:
I am honored to be here at this forum, where for many years, leaders from the business and scientific communities around the world have gathered to discuss how we can achieve prosperity and peace together. I come here representing the interests of the American people and affirming the friendship of the United States with other nations; America will work with its partners to build a better world.
Like all nations represented at this forum, the United States hopes that everyone can have a prosperous future, and that every child can be free from violence, poverty, and fear. Over the past year, we have made great strides in the United States. We have revitalized forgotten communities and created new opportunities to help every American find their path to the American Dream—good jobs, safe homes, and better lives for future generations.
After years of stagnation, the United States is experiencing strong economic growth once again. The stock market has repeatedly hit new highs, creating over $7 trillion in wealth since I was elected. Consumer confidence, business confidence, and manufacturing confidence have all reached the highest levels in decades.
Since my election, we have created 2.4 million jobs, a significant increase. Small businesses are also very optimistic, with the latest unemployment rate nearing its lowest point in half a century. The unemployment rates for African American and Hispanic Americans have reached record lows.
The world sees a strong and recovering America. I am here to deliver a simple message: Now is a great time to invest in the United States. America is very open, and we have become very competitive once again. The United States remains the world's largest economy, and we have passed the most significant tax reform in our history. We are massively cutting taxes for the middle class and small businesses, allowing working families to keep more of their hard-earned money.
We have reduced the corporate tax rate from 35% to 21%. Hundreds of millions of workers will receive an average benefit of $3,000 from their employers due to these tax cuts. The tax reform will increase income by an average of $4,000 for every American household. The world’s largest company—Apple—has also announced plans to bring back $245 billion in overseas profits to the United States. Their total investment in the U.S. economy will exceed $350 billion over the next five years. Now is the perfect time to bring your business, jobs, and investments back to the United States.
We are working to reduce regulations. Regulations are a hidden tax. Like many other countries, America has unelected bureaucrats whose regulatory actions are harmful to business and workers; they hold their positions without the election of citizens and are not accountable. In America, that era is coming to an end. I promise to replace two regulations with one. We have eliminated 22 regulations and will introduce new ones that benefit everyone. We are creating an environment that attracts capital and investment. The United States is a great place to do business, so come to America, and you can innovate freely.
As the President of the United States, I always put America first, just as the leaders of other countries should put their own countries first. But America First does not mean America Alone; America moves forward, drives innovation, and can help the world prosper.
We are also working to reform the WorldWay system so that those who abide by the rules benefit. If we are to have free trade, we cannot allow some countries to exploit that system to harm others. We support free trade, but it must be fair, and it must be reciprocal. Because unfair trade undermines the efforts of us all; for such unilateral behaviors, America will no longer look the other way, including the massive theft of intellectual property and state-sponsored planned economies. These actions are similar to predatory behaviors that harm the WorldWay system, hurting not only the United States but also other countries. The leaders of other nations should also take similar actions to protect their own interests. As the President of the United States, I will always protect our nation's interests and strengthen our labor laws to ensure the integrity of our country. Only through reciprocal trade can we benefit the United States and other nations in the world.
The United States is ready to negotiate bilateral trade agreements with countries, including those in the Trans-Pacific Partnership (TPP) that are important. We already have agreements with several of these countries, and we are considering reaching similar agreements with others, either with individual countries or multiple countries, as long as they align with everyone's respective interests. My administration is taking swift action to restore American confidence and independence. We have lifted restrictions on energy production to provide affordable energy for our citizens, also enhancing energy security worldwide. No nation should harbor hostility toward a single energy supplier. America is back, and now is the time to invest in America's future.
Our massive tax cuts will make America highly competitive. We will reduce regulations at a record pace. We are reforming the bureaucratic system to ensure fair enforcement of the law. We have the best, most efficient workers in the world. Energy is abundant and reasonably priced. Our investment in the American military is also historic because without security, there is no prosperity. To protect this world from rogue regimes, terrorism, and revisionist threats, we are asking our allies to strengthen their defense spending to meet their financial obligations. Our collective security requires everyone to contribute their fair share.
We are proud that, in the face of the North Korean nuclear issue, we have made historic efforts for global defense security and the unity of democratic nations. We will continue to demand that our partners oppose Iran’s possession of nuclear weapons. We will also work with our allies to destroy terrorist organizations like ISIS. There is still much work to be done and to consolidate our existing achievements. We will ensure that Afghanistan never becomes a safe haven for terrorists.
I want to thank the nations present today. You not only ensure the safety of your citizens but also save many lives. In the face of terrorism, we must do everything necessary to protect our country. We will protect our citizens and borders. We will also ensure that our immigration system is beneficial to the nation while ensuring economic security. Our previous system was entirely out of step with the times. We must replace it with a points-based screening system to select candidates who contribute to our economy.
From my first attendance at the G7 Summit, G20 meetings, United Nations General Assembly, Asia-Pacific Economic Cooperation meetings, WTO, to today's World Economic Forum, we have shown that we have become stronger as a free sovereign nation. We share a common dream with everyone present.
Those here are the most outstanding people in the world. You are national leaders, business tycoons, and individuals from various fields with the most open minds. Each of you has the power to change the fate of your country. This is also your duty—a loyalty to your people.
Let us use our strength to alleviate the burdens of our people, allowing them to see the hope of achieving their dreams. Protect their families and communities, their pasts and futures. This is what we are doing in America right now, and the results show that we are doing it right. That is why new businesses and investments are flooding in. That is why our unemployment rate has reached a decades-low. That is why the future of America has transformed from bleak to bright.
Now, I invite all of you to come together to build a bright future. Thank you to the hosts, thank you to the national leaders and innovators present, but most importantly, thank you to every individual who works hard every day to make the world a better place. Let us express love and gratitude, for it is they who make our country function, and they who make our country great. Thank you, God bless you. Thank you very much.
As stated in the speech, America has an open business environment, significant economic competitiveness, and now is the ideal time to invest in the United States. For those interested in investing and immigrating to the United States, seizing the opportunity is essential.
It is well known that the EB-5 investment immigration program, which offers high cost-performance, high quality, allows a single application for the whole family’s immigration, and has relaxed conditions and convenient application processes, is undoubtedly an excellent way for Chinese applicants to obtain U.S. status. As a leading organization in U.S. investment immigration, World Link Immigration Group strives to discover and meet the real needs of our clients while providing immigration services, helping clients plan their lives according to their specific situations, including education planning, financial planning, tax planning, insurance planning, health planning, retirement planning, and housing planning. World Link will continue to work hard to help our clients 'plan their lives and create a second home.'
Currently, the Manhattan No. 9 Luxury Boutique Hotel project, exclusively represented by World Link in the Greater China Region, is highly favored by investors and is a rare high-quality project. The Manhattan No. 9 Luxury Boutique Hotel project is the only project in Manhattan that is expected to shorten the waitlist and has first-priority repayment, greatly protecting the interests of investors, assisting them in achieving their dreams of establishing an overseas second home and internationalizing their lifestyle based on life planning. Project hotlines: 400-138-2929.