Full text:
Trump Davos speech transcript
By POLITICO STAFF
01/26/2018 07:55 AM EST
The
following is the speech President Donald Trump delivered at the World Economic
Forum at Davos, Switzerland on Jan. 26, 2018.
It’s a
privilege to be here at this forum an business and science diplomacy and people
from world affairs gathered for many, many years to discuss how we can to
advance prosperity and peace. I'm here to represent the interests of the
America people and affirm America's friendship and partnership in building a
better world.
Like all
nations represented at this great forum, America hopes for a future which
everyone can prosper and every child can grow up free from violence, poverty,
and fear. Over the past year, we have made extraordinary strides in the U.S.
We're lifting up forgotten communities, creating exciting new opportunities,
and helping every American find their path to the American dream. The dream of
a great job, a safe home and a better life for their children.
After
years stagnation the nights is once again experiencing strong economic growth.
The stock market is smashing one record after another, and has added more than
$7 trillion in new wealth since my election. Consumer confidence, business
confidence, and manufacturing confidence are the highest that they have been in
many decades.
Since my
election we've created 2.4 million jobs and that number is going up very, very
substantially. Small business optimism is at an all-time high. New unemployment
claims are near the lowest we've seen in almost half a century.
African-American unemployment reached the lowest rate ever recorded in the
United States and so has unemployment among Hispanic-Americans.
The world
is witnessing the resurgence of a strong and prosperous America. I'm here to
deliver a simple message. There has never been a better time to hire, to build,
to invest and to grow in the united States. America is open for business and we
are competitive once again. The American economy is by far the largest in the
world and we've just enacted the most significant tax cuts and reform in
American history. We've massively cut taxes for the middle class, and small
businesses to let working families keep more of their hard earned money.
We
lowered our corporate tax rate from 35 percent all the way down to 21 percent.
As a result, millions of workers have received tax cut bonuses from their
employers in amounts as large as $3,000. The tax cut bill is expected to raise
the average American's household income by more than $4,000. The world's largest
company, apple, announced it plans to bring $245 billion in overseas profits
home to America. Their total investment into the United States economy will be
more than $350 billion over the next five years. Now is the perfect time to
bring your business, your jobs, and your investments to the United States.
ADVERTISING
This is
especially true because we have undertaken the most extensively regulatory
reduction ever conceived. Regulation is stealth taxation. The U.S. Like many
other countries unelected bureaucrats, we have, believe me, we have them all
over the place, and they have imposed crushing and anti-business and
anti-worker regulations on our citizens with no vote, no legislative debate,
and no real accountability. In America those days are over. I pledged to
eliminate two unnecessary regulations for everyone new regulation. We have
succeeded beyond our highest expectations. Instead of two for one, we have cut
22 burdensome regulations for everyone new rule. We are freeing our businesses
and workers so they can thrive and flourish as never before. We are creating an
environment that attracts capital, invites investment, and rewards production.
America is the place to do business, so come to America where you can innovate,
create and build.
I believe
in America. As president of the United States I will always put America first
just like the leaders of other countries should put their country first also.
But America first does not mean America alone. When the United States grows, so
does the world. American prosperity has created countless jobs all around the
globe and the drive for excellence, creativity, and innovation in the U.S. Has
led to important discoveries that help people everywhere live more prosperous
and far healthier lives.
As the
United States pursues domestic reforms to unleash jobs and growth, we are also
working to reform the international trading system so that it promotes
broadly-shared prosperity and rewards to those who pray -- play by the rules.
We cannot have free and open trade if some countries exploit the system at the
expense of others. We support free trade but it needs to be fair and it needs
to be reciprocal because in the end unfair trade undermines us all. The United
States will no longer turn a blind eye to unfair economic practices including
massive intellectual property theft, industrial subsidies, and pervasive
state-led economic planning.
These and
other predatory behaviors are distorting the global markets and harming
businesses and workers not just in the U.S. But around the globe. Just like we
expect the leaders of other countries to protect their interests, as president
of the United States, I will always protect the interests of our country, our
companies, and our workers. We will enforce our trade laws and restore integrity
to our trading system. Only by insisting on fair and reciprocal trade can we
create a system that works not just for the U.S., but for all nations.
As I have
said, the United States is prepared to negotiate mutually beneficial, bilateral
trade agreements with all countries. This will include the countries within
TPP, which are very important. We have agreements with several of them already.
We would consider negotiating with the rest either individually or perhaps as a
group if it is in the interests of all. My administration is also taking swift
action in other ways to restore American confidence and independent. We are
lifting self-imposed restrictions on energy production to provide affordable
power to our citizens and businesses and to promote energy security for our
friend all around the world. No country should be held hostage to a single
provider of energy. America is roaring back and now is the time to invest in
the future of America.
We have
dramatically cut taxes it make America competitive. We are eliminating
burdensome regulations at a record pace. We are reforming the bureaucracy to
make it lean, responsive and accountable and we are insuring our laws are
enforced fairly. We have the best colleges and universities in the world and we
have the best workers in the world. Energy is an abundant and affordable. There
is never been a better time to do business in America. We are also making
historic investments in the American military because we cannot have prosperity
without security. To make the world safer from rogue regimes, terrorism and
revisionist powers, we're asking our friend and allies to invest in their own
defenses and to meet their financial obligations. Our common security requires
everyone to contribute their fair share.
My administration
is proud to have led historic efforts at the united nations security council
and all around the world to unite all civilized nations in our campaign of
maximum pressure to de-nuke the Korean peninsula. We continue to call on
partners to confront Iran's support for terrorists and block Iran's path to a
nuclear weapon. We're also working with allies and partners to destroy jihad it
terrorist organizations such as ISIS and very successfully so. The nights is
leading a very, very broad coalition to deny terrorists control of their
territory and populations, to cut off their funding and to discredit their
wicked ideology. I am pleased to the support that the coalition to defeat ISIS
has retaken almost 100% of the territory once held by these killers in Iraq and
Syria. There is still more fighting and worked to be done. And to consolidate
our gains. We are committed to insuring that Afghanistan never again become as
safe haven for terrorists who want to commit mass murder to our civilian
populations.
I want to
thank those nations represented here today that have joined in these crucial
efforts. You are not just securing your own citizens but saving lives and
restoring hope for millions and millions of people. When it comes to terrorism
we will do whatever is necessary to protect our nation. We will defend our
citizens and our borders. We are also securing our immigration system as a
matter of both national and economic security. America is a cutting-edge
economy but our immigration system is stuck in the past.
We must
replace our current system of extended family chain migration with a
merit-based system of admissions that selects new arrivals based on their
ability to contribute to our economy, to support themselves financially, and to
strengthen our country.
In
rebuilding America we are also fully committed to developing our workforce. We
are lifting people from dependence to Independence because we know the
single-best anti-poverty program is a very simple and very beautiful paycheck.
To be successful it is not enough to invest in our economy.
We must
invest in our people. When people are forgotten the world becomes fractured.
Only by hearing and responding to the voices of the forgotten can we create a
bright future that is truly shared by all. The nation's greatness is more than
the sum of its production and a nation's greatness is the sum of its citizens,
the values, pride, love, devotion and character of the people who call that
nation home.
From my
first international G-7 summit to the g20, to the U.N. General assembly, to
APEC, to the world trade organization and today at the world economic forum my
administration has not only been present but has driven our message that we are
all stronger when free, sovereign nations cooperate towards shared goals and
they cooperate toward shared dreams. Represented in this room are shared
dreams.
Represented
in this room are some of the remarkable citizens from all over the worlds. You
are national leaders, business titans, industry giants and many of the
brightest mind in many fields. Each of you has the power to change hearts
transform lives and shape your country's destinies. With this power comes an
obligation however, a duty of loyalty to the people, workers, customers, who
made you who you are.
Together
let us resolve it use our power, our resources and our voices, not just for
ourselves but for our people, to lift their burdens, to raise their hopes and
to empower their dreams. To protect their families, their communities, their
histories and their futures. That's what we're doing in America, and the
results are totally unmistakable. It's why new businesses and investment are
flooding in. It's why our unemployment rate is the lowest it's been in so many
decades. It's why America's future has negative been brighter.
Today, I
am inviting all of you to become part of this incredible future we are building
together. Thank you to our hosts, thank you to the leaders and innovators in
the audience but most importantly, thank you, to all of the hard-working men
and women who do their duty each and every day, making this a better world for
everyone. Together let us send our love and our gratitude to make them because
they really make our countries run. They make our countries great. Thank you
and god bless you all. Thank you very much.
No comments:
Post a Comment