THE PRESIDENT: Thank you, Klaus, and greetings to everyone in Davos.
This week is a historic moment for America. Just three days ago, I took the oath of office, ushering in what I proudly call the golden age of America. The recent election delivered an unprecedented mandate, with decisive victories in all seven swing states—a triumph not seen in decades.
In just 72 hours, my administration has initiated a revolution of common sense to address the crises we inherited. The previous administration left behind $8 trillion in wasteful deficit spending, crippling energy restrictions, and soaring inflation—the worst in modern history. These failed policies have caused economic chaos, skyrocketing costs for American families, and financial instability worldwide.
On my first day in office, I took immediate action to reverse these disastrous policies. I signed an executive order to combat inflation and imposed federal freezes on hiring, regulation, and foreign aid. Additionally, I created the Department of Government Efficiency to streamline operations and cut unnecessary spending. We terminated the Green New Deal—what I call the “Green New Scam”—withdrew from the Paris Climate Accord, and ended costly mandates on electric vehicles. These measures will allow Americans the freedom to choose the energy and transportation options that best suit their needs.
To restore America’s energy dominance, I declared a national energy emergency to unlock our vast reserves of oil and gas. The United States holds the largest energy resources on Earth, and we will use them to drive down costs, revitalize manufacturing, and secure our position as the global leader in artificial intelligence and cryptocurrency innovation. To complement this, my administration has launched the largest deregulation campaign in history, further reducing bureaucratic barriers to economic growth.
Pressure on Saudi Arabia to Reduce Oil Prices
On the international stage, we are urging Saudi Arabia to reduce oil prices, a move that could strengthen global cooperation in resolving the conflict in Ukraine. My stance on Ukraine is clear: I support their sovereignty and aim to prevent their defeat while emphasizing the need for a pragmatic resolution that minimizes human suffering and avoids unnecessary losses.
This strategy also aligns with my call for NATO members to increase defense spending to 5% of GDP. This will enhance NATO’s collective strength while supporting the U.S. military-industrial complex. If member nations fail to meet these commitments, I will not hesitate to reconsider America’s role in the alliance. Meanwhile, Russia’s potential escalation of nuclear rhetoric is a factor we are prepared to address as we work toward ending the war.
Corporate Tax and Investment Strategy
Domestically, I have proposed a 15% corporate tax rate to attract global investments, positioning the U.S. as a premier destination for businesses. Masa Son of SoftBank has already expressed plans to increase investments from $100 billion to $500 billion, showcasing confidence in our policies. While some see this as favoring fossil fuels, it will likely accelerate investment in green technologies like solar energy as they become increasingly cost-competitive.
These steps, alongside our focus on deregulation, innovation, and global competitiveness, will drive America’s resurgence as a stronger, wealthier, and more united nation.
