On the evening of January 26, Beijing time, Trump delivered a special address at the World Economic Forum in Davos.
Trump is the first U.S. President to attend the Davos Forum in nearly two decades. Why would Trump, who has never cared for elitism, appear in Davos?
In an interview with U.S. media, he explained his motivation: coming to Davos has nothing to do with so-called elitism or globalism, but rather because he sees a large number of investors here who are eager to invest in the U.S. and create jobs for America.
Trump delivering a speech at the Davos Forum
Next, let us take a look at what exactly Trump said at the Davos Forum!
Regarding the U.S. Economy
In his speech, Trump first reviewed the changes in the U.S. economy over his first year in office.
Trump stated: "Since I was elected, the United States has once again seen strong economic growth. The stock market has repeatedly hit new highs, with market capitalization increasing by more than $7 trillion. Consumer confidence, business confidence, and manufacturing confidence have all risen to their highest levels in decades. The world is witnessing the resurgence of a strong and prosperous America."
Trump also pointed out that the tax cut bill will increase the income of the average American family by $4,000. At the same time, the U.S. is working to reduce regulations. He said: "We are going to give private business owners and workers unprecedented prosperity. We are creating an environment that attracts capital and investment."
Trump: Now Is a Great Time to Invest in America
Trump mentioned in his speech that the whole world sees a recovering, strong, and prosperous America. He is here to deliver a simple message: "Now is a great time to invest in the United States."
The United States is opening its arms to businesses and has become highly competitive once again. The U.S. remains the world's largest economy, and the most significant tax reform bill in U.S. history has been passed into law, with the U.S. set to implement large-scale tax cuts for the middle class and small businesses.
In his speech, he emphasized: "The United States is open for business, and now is a great time to invest in America. Bring your businesses, jobs, and investments to the United States."
Regarding 'America First'
As expected by the outside world, Trump put forward his "America First" strategy, but he emphasized that "America First" does not mean "America alone." "When the United States grows, so does the world. American prosperity has created countless jobs around the globe, and the power of American innovation has led to important discoveries, helping people everywhere lead more prosperous and healthier lives."
Regarding Trade
Trump stated that the U.S. will take a tough stance on trade issues, with the goal of "restoring fairness to our trading system." He said, "We support free trade, but it must be fair and reciprocal, because ultimately, unfair trade hurts everyone."
He also emphasized, "As President of the United States, I will always protect the interests of our country, our companies, and our workers." He said the U.S. is prepared to negotiate reciprocal bilateral trade agreements with all countries, including TPP nations.
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