President Donald Trump Addresses the World Economic Forum

President Donald Trump Addresses the World Economic Forum

President Trump speech in Davos, Switzerland

President Trump in Davos Switzerland

Transcript

00-00

Thank You class very much it’s a

00-01

privilege to be here at this forum we’re

00-03

leaders in business science art

00-06

diplomacy and world affairs have

00-08

gathered for many many years to discuss

00-12

how we can advance prosperity security

00-15

and peace I’m here today to represent

00-18

the interests of the American people and

00-20

to affirm America’s friendship and

00-23

partnership in building a better world

00-26

like all nations represented at this

00-30

great forum America hopes for a future

00-33

in which everyone can prosper and every

00-36

child can grow up free from violence

00-38

poverty and fear over the past year we

00-43

have made extraordinary strides in the

00-46

u.s. we’re lifting up forgotten

00-49

communities creating exciting new

00-51

opportunities and helping every American

00-53

find their path to the American dream

00-56

the dream of a great job a safe home and

01-00

a better life for their children after

01-03

years of stagnation the United States is

01-07

once again experiencing strong economic

01-11

growth the stock market is smashing one

01-15

record after another and has added more

01-18

than seven trillion dollars in new

01-21

wealth since my election consumer

01-24

confidence business confidence and

01-27

manufacturing confidence are the highest

01-30

they have been in many decades since my

01-34

election we’ve created 2.4 million jobs

01-38

and that number is going up very very

01-42

substantially small business optimism is

01-46

at an all-time high

01-47

new unemployment claims are near the

01-50

lowest we’ve seen in almost half a

01-53

century african-american unemployment

01-56

has reached the lowest rate ever

01-58

recorded in the United States and so has

02-02

unemployment among Hispanic Americans

02-07

the world is witnessing the resurgence

02-10

of a strong and

02-12

prosperous America I’m here to deliver a

02-16

simple message there has never been a

02-18

better time to hire to build to invest

02-22

and to grow in the United States America

02-25

is open for business and we are

02-28

competitive once again the American

02-31

economy is by far the largest in the

02-34

world and we’ve just enacted the most

02-37

significant tax cuts and reform in

02-40

American history

02-42

we’ve massively cut taxes for the middle

02-45

class and small businesses to let

02-47

working families keep more of their

02-50

hard-earned money we lowered our

02-54

corporate tax rate from 35% all the way

02-57

down to 21% as a result millions of

03-02

workers have received tax cut bonuses

03-04

from their employers in amounts as large

03-07

as $3,000 the tax cut bill is expected

03-12

to raise the average Americans household

03-15

income by more than four thousand

03-17

dollars the world’s largest company

03-20

Apple announced it plans to bring 245

03-24

billion dollars in overseas profits home

03-28

to America their total investment into

03-31

the United States economy will be more

03-33

than three hundred and fifty billion

03-36

dollars over the next five years now is

03-39

the perfect time to bring your business

03-42

your jobs and your investments to the

03-46

United States this is especially true

03-49

because we have undertaken the most

03-51

extensive regulatory reduction ever

03-55

conceived regulation is stealth taxation

04-01

the u.s. like many other countries

04-05

unelected bureaucrats and we have

04-08

believe me we have them all over the

04-11

place and they’ve imposed crushing and

04-13

anti business and anti worker

04-15

regulations on our citizens with no vote

04-19

no legislative debate and no real

04-22

accountability

04-24

in America those days are over I pledged

04-28

to eliminate two unnecessary regulations

04-32

for everyone new regulation we have

04-36

succeeded beyond our highest

04-39

expectations instead of two for one

04-43

we have cut 22 burdensome regulations

04-47

for every one new rule we are freeing

04-52

our businesses and workers so they can

04-54

thrive and flourish as never before we

04-58

are creating an environment that

05-00

attracts capital invites investment and

05-03

rewards production America is the place

05-07

to do business

05-09

so come to America where you can

05-11

innovate create and build I believe in

05-16

America as president of the United

05-19

States I will always put America first

05-23

just like the leaders of other countries

05-27

should put their country first also but

05-32

America first does not mean America

05-36

alone when the United States grows so

05-40

does the world American prosperity has

05-43

created countless jobs all around the

05-46

globe and the drive for excellence

05-49

creativity and innovation in the US has

05-52

led to important discoveries that help

05-55

people everywhere live more prosperous

05-58

and far healthier lives as the United

06-03

States pursues domestic reforms to

06-06

unleash jobs and growth we are also

06-08

working to reform the international

06-11

trading system so that it promotes

06-14

broadly shared prosperity and rewards to

06-16

those who play by the rules we cannot

06-21

have free and open trade if some

06-25

countries exploit the system at the

06-27

expense of others

06-30

we support free trade but it needs to be

06-34

fair and it needs to be reciprocal

06-38

because in the end unfair trade

06-41

undermines us all the United States will

06-45

no longer turn a blind eye to unfair

06-48

economic practices including massive

06-51

intellectual property theft industrial

06-54

subsidies and pervasive state-led

06-57

economic planning these and other

07-01

predatory behaviors are distorting the

07-04

global markets and harming businesses

07-07

and workers not just in the US but

07-09

around that low just like we expect the

07-13

leaders of other countries to protect

07-15

their interests as president the United

07-19

States I will always protect the

07-21

interests of our country our companies

07-24

and our workers we will enforce our

07-28

trade laws and restore integrity to our

07-31

trading system only by insisting on fair

07-34

and reciprocal trade can we create a

07-37

system that works not just for the US

07-41

but for all nations as I have said the

07-45

United States is prepared to negotiate

07-48

mutually beneficial bilateral trade

07-51

agreements with all countries this will

07-54

include the countries in TPP which are

07-57

very important we have agreements with

08-00

several to them already we would

08-03

consider negotiating with the rest

08-05

either individually or perhaps as a

08-08

group if it is in the interests of all

08-13

my administration is also taking swift

08-17

action in other ways to restore American

08-20

confidence and independence we are

08-23

lifting self-imposed restrictions on

08-27

energy production to provide affordable

08-29

power to our citizens and businesses and

08-31

to promote energy security for our

08-35

friends all around the world no country

08-38

should be held hostage to a single

08-41

provider of

08-42

energy America is roaring back and now

08-47

is the time to invest in the future of

08-49

America we have dramatically cut taxes

08-53

to make America competitive we are

08-56

eliminating burdensome regulations at a

08-59

record pace we are reforming the

09-02

bureaucracy to make it lean responsive

09-05

and accountable and we are ensuring our

09-08

laws are enforced fairly we have the

09-13

best colleges and universities in the

09-15

world and we have the best workers in

09-17

the world energy is abundant and

09-20

affordable there has never been a better

09-22

time to do business in America we are

09-25

also making historic investments in the

09-29

American military because we cannot have

09-31

prosperity without security to make the

09-34

world safer from rogue regimes terrorism

09-37

and revisionist powers we are asking our

09-40

friends and allies to invest in their

09-43

own defenses and to meet their financial

09-46

obligations our common security requires

09-51

everyone to contribute their fair share

09-54

my administration is proud to have led

09-57

historic efforts at the United Nations

09-59

Security Council and all around the

10-02

world to unite all civilized nations in

10-05

our campaign of maximum pressure to de

10-09

nuke the Korean Peninsula we continue to

10-15

call on partners to confront Iran

10-17

support for terrorists and block Iran’s

10-19

path to a nuclear weapon we’re also

10-23

working with allies and partners to

10-24

destroy jihadist terrorist organizations

10-27

such as Isis and very successfully so

10-30

the United States is leading a very

10-34

broad coalition to deny terrorists

10-36

control of their territory and

10-38

populations to cut off their funding and

10-41

to discredit their wicked ideology I am

10-45

pleased to report that the coalition to

10-48

defeat Isis has retaken almost 100

10-51

percent of the territory once held by

10-54

these killers

10-56

in Iraq and Syria there is still more

11-00

fighting and work to be done and to

11-04

consolidate our games we are committed

11-08

to ensuring that Afghanistan never again

11-11

becomes a safe haven for terrorists who

11-14

want to commit mass murder to our

11-17

civilian populations I want to thank

11-20

those nations represented here today

11-22

that have joined in these crucial

11-25

efforts you are not just securing your

11-28

own citizens but saving lives and

11-30

restoring hope for millions and millions

11-34

of people when it comes to terrorism we

11-38

will do whatever is necessary to protect

11-41

our nation we will defend our citizens

11-44

and our borders we are also securing our

11-47

immigration system as a matter of both

11-49

national and Economic Security America

11-54

is a cutting-edge economy what our

11-58

immigration system is stuck in the past

12-01

we must replace our current system of

12-04

extended family chain migration with a

12-07

merit-based system of admissions that

12-10

selects new arrivals based on their

12-13

ability to contribute to our economy to

12-16

support themselves financially and to

12-19

strengthen our country in rebuilding

12-22

America we are also fully committed to

12-25

developing our workforce we are lifting

12-28

people from dependence to independence

12-31

because we know the single best

12-34

anti-poverty program is a very simple

12-38

and very beautiful paycheck to be

12-42

successful that is not enough to invest

12-45

in our economy we must invest in our

12-48

people when people are forgotten the

12-52

world becomes fractured only by hearing

12-56

and responding to the voices of the

12-59

Forgotten can we create a bright future

13-02

that is truly shared by all the nation’s

13-06

greatness is more than the sum of its

13-08

production

13-09

and nation’s greatness is the sum of its

13-13

citizens the values pride love devotion

13-18

and character of the people who call

13-20

that nation home from my first

13-24

international g7 summit to the g20 to

13-28

the UN General Assembly to APEC to the

13-32

World Trade Organization and today at

13-34

the World Economic Forum my

13-37

administration has not only been present

13-39

but has driven our message that we are

13-42

all stronger when free sovereign nations

13-46

cooperate toward shared goals and they

13-49

cooperate toward shared dreams

13-53

represented in this room are some of the

13-55

remarkable citizens from all over the

13-57

world

13-58

you are national leaders business Titans

14-02

industry giants and many of the

14-04

brightest minds in many fields each of

14-07

you has the power to change hearts

14-11

transform lives and shape your country’s

14-15

destinies with this power comes an

14-17

obligation however a duty of loyalty to

14-21

the people workers and customers who

14-23

have made you who you are

14-25

so together let us resolve to use our

14-29

power our resources and our voices not

14-33

just for ourselves but for our people to

14-37

lift their burdens to raise their hopes

14-40

and to empower their dreams to protect

14-43

their families their communities their

14-45

histories and their futures that’s what

14-48

we’re doing in America and the results

14-52

are totally unmistakable it’s why new

14-56

businesses and investment are flooding

14-58

in it’s why our unemployment rate is the

15-02

lowest it’s been in so many decades it’s

15-05

why America’s future has never been

15-08

brighter today I am fighting all of you

15-11

to become part of this incredible future

15-13

we are building together thank you to

15-17

our hosts thank you to the leaders and

15-19

innovators in the audience

15-21

but most importantly thank you to all of

15-24

the hard-working men and women who do

15-26

their duty each and every day making

15-29

this a better world for everyone

15-32

together let us send our love and our

15-36

gratitude to make them because they

15-40

really make our countries run they make

15-44

our countries great thank you and god

15-48

bless you all

15-49

thank you very much

15-51

[Applause]

16-20

thank you very much

16-21

Thank You mr. president for this

16-24

inspiring speech as it is tradition it’s

16-28

a form I will ask you one or two

16-31

questions and my first question is why

16-35

is the tax reform why has it been for

16-39

such a high priority for your

16-42

administration well first of all class I

16-44

want to congratulate you this is an

16-46

incredible group of people we had dinner

16-48

last night with about 15 leaders of

16-51

Industry none of whom I knew but all of

16-55

whom I’ve read about for years and it

16-57

was truly an incredible group and I

17-00

think I have 15 new friends so this has

17-02

been really great what you’ve done and

17-04

putting it together the Economic Forum

17-06

the tax reform was a dream of a lot of a

17-12

lot of people over many years but they

17-14

weren’t able to get it done many people

17-16

tried and Ronald Reagan was really the

17-19

last to make a meaningful cut and reform

17-21

and ours is cutting and reforming we

17-24

emphasize cut but the reform is probably

17-28

almost as important we’ve wanted to do

17-30

it it is very tough politically to do it

17-34

hard to believe that would be but it is

17-36

very very tough that’s why it hasn’t

17-37

been done in close to 40 years and once

17-41

we got it going it was going and the big

17-45

and and I wouldn’t say a total surprise

17-46

but one of the big things that happened

17-49

and took place is AT&T; and some others

17-53

came out very early and they said they

17-55

were going to pay thousands and

17-57

thousands of dollars to people that work

18-00

for their companies and you have three

18-02

hundred thousand four hundred thousand

18-03

five hundred thousand people working for

18-05

these companies and all of a sudden it

18-08

became like a big waterfall a big

18-10

beautiful waterfall where so many

18-13

companies are doing it and even today

18-15

they just announced many more but every

18-17

day they announce more and more and now

18-19

it’s a fight for who’s going to give the

18-20

most it started at a thousand now we

18-22

have them up to 3,000

18-24

this is something that we didn’t

18-26

anticipate oftentimes in business things

18-28

happen that you don’t anticipate usually

18-32

that’s a bad thing but this was a good

18-35

thing this came out of nowhere nobody

18-37

ever thought of this as a possibility

18-40

even twe it wasn’t in the equation we

18-42

waited we said wait’ll February 1st when

18-45

the checks start coming in and people

18-47

Klaus have a lot more money in their

18-50

paycheck because it’s not just a little

18-51

money there’s a lot of money for people

18-53

making a living doing whatever they may

18-56

be doing and we really thought February

18-58

1st it was going to kick in and

19-00

everybody was going to be well we

19-01

haven’t even gotten there yet and it’s

19-04

kicked in and it’s had a incredible

19-06

impact on the stock market and the stock

19-08

prices we’ve set 84 records since my

19-12

election record stock market prices

19-15

meaning we hit new highs 84 different

19-19

times out of a one year period and

19-22

that’s a great thing and in all fairness

19-25

that was done before we passed the tax

19-28

cuts and tax reform so what happened is

19-32

really something special then as you

19-34

know and as I just said Apple came in

19-36

with 350 billion dollars and I tell you

19-39

I spoke with Tim Cook I said Tim I will

19-42

never consider this whole great run that

19-47

we’ve made complete until you start

19-50

building plants in the US and I will

19-53

tell you this moved up very

19-54

substantially but when I heard 350 I

19-57

thought he was talking I thought they

19-59

were talking three hundred and fifty

20-01

million dollars and by the way that’s a

20-03

nice sized plant not the greatest but

20-06

not bad

20-06

and they said no sir it’s three hundred

20-09

and fifty billion dollars I said that is

20-13

something well we have tremendous

20-15

amounts of money including my newfound

20-17

friends from last night great companies

20-20

they’re all investing when one of the

20-23

gentlemen said he’s putting in two

20-25

billion dollars because of the tax cuts

20-27

I said to myself wow he’s actually the

20-30

cheap one in the group because they’re

20-32

putting in massive numbers of billions

20-34

of dollars so

20-36

I think you have a brand-new United

20-39

States you have a United States who are

20-41

people from all over the world are

20-43

looking to come in and invest and

20-45

there’s just nothing like what’s

20-48

happening and I just want to finish by I

20-51

have a group of people that have been so

20-53

outs I have a whole lot of them so I

20-55

won’t introduce cousin Ellen self at

20-56

least half of them but I’ve had a group

20-59

of people that work so hard on this and

21-01

other things and we’re really doing we

21-04

had a great first year so successful in

21-07

so many different ways and there’s a

21-09

tremendous spirit when you look at all

21-11

of the different charts and polls and

21-14

you see as an example African American

21-17

unemployment at the historic low that’s

21-21

never it’s never had a period of time

21-23

like this

21-24

same with Hispanic women at a 17-year

21-27

low it’s it’s very heartwarming to see

21-30

but there’s a tremendous spirit in the

21-33

United States I would say it’s a spirit

21-35

like I have never witnessed before I’ve

21-37

been here for a while I have never

21-39

witnessed the spirit that our country

21-42

has right now so I just want to thank

21-44

you all and all of those that are

21-46

pouring billions of dollars into our

21-49

country or ten dollars into our country

21-51

we thank you very much Thank You mr.

21-54

president I well I will ask you maybe a

21-57

personal question but before doing so it

22-01

sounds very interesting

22-02

Akinori I didn’t know about this one I

22-04

would like to acknowledge the strong

22-07

presence of your cabinet members yes who

22-11

tremendously contributed to the

22-13

discussions good it’s a loss I would

22-16

like to do that that’s no Steven Wilbur

22-21

Gary Robert even my general and my

22-27

various other generals you know we’re

22-30

making our military protection a little

22-32

bit better for us too so thank you very

22-35

much does everybody understand that I

22-36

think so thank you all for being all why

22-40

I may be personal question would be

22-45

what experience from your past have been

22-50

most useful in preparing you for the

22-54

presidency well being a businessman has

22-57

been a great experience for me I’ve

22-59

loved it I’ve always loved business I’ve

23-02

always been good at building things and

23-04

I’ve always been very successful at

23-05

making money I’d buy things that would

23-07

fail

23-08

that would be failures and I turn them

23-10

around and try and get them for the

23-12

right price and then I turned them

23-13

around make them successful and I’ve

23-15

been good at it and that takes a certain

23-17

ability and you know historically I

23-19

guess there’s never really been a

23-21

businessman or businessperson elected

23-25

presidents always been a general or a

23-26

politician throughout history it’s

23-29

always been a general you had to be a

23-31

general but mostly it was politicians

23-34

you’d never have a businessman and then

23-35

in all fairness I was saying to Klaus

23-37

last night had the opposing party to me

23-41

won some of whom you backed some of the

23-45

people in the room instead of being up

23-47

almost 50% the stock market is up since

23-51

my election almost 50 percent rather

23-54

than that I believe the stock market

23-56

from that level the initial level would

23-58

have been down close to 50% that’s where

24-01

we were heading I really believe that

24-02

because they were going to put on

24-04

massive new regulations you couldn’t

24-06

breathe that was choking our country to

24-07

death and I was able to see that Klaus

24-10

as a businessperson the other thing is

24-12

I’ve always seemed to get for whatever

24-14

reason a disproportionate amount of

24-16

press or media and not my whole life

24-22

somebody will explain someday why but

24-24

I’ve always gotten a lot and as a

24-27

businessman I was always treated really

24-29

well by the press you know the numbers

24-30

speak and things happen but I’ve always

24-32

really had a very good press and it was

24-35

until I became a politician that I

24-38

realized how nasty how mean how vicious

24-41

and how fake the press can be as the

24-44

cameras start going off in the back

24-48

but but overall I’m in the bottom line

24-51

somebody said well they couldn’t have

24-53

been that bad because here we are were

24-54

president and I think we’re doing a

24-56

really great job with my team I have a

24-58

team of just tremendous people and I

25-02

think we’re doing a very special job and

25-04

I really believe it was time and it was

25-07

time to do that job because I don’t

25-09

think the United States would have done

25-12

very well if it went through four or

25-14

eight more years of regulation and

25-17

really a very anti business group of

25-20

people we have a very pro-business group

25-23

we have regulations cut to a level in

25-26

the history of our country class this

25-29

was reported recently in one year we’ve

25-32

cut more regulations in my

25-33

administration than any other

25-36

Administration in for eight or sixteen

25-39

years in the one case we’ve cut more

25-41

regulations in one year and we have a

25-43

ways to go

25-44

I mean we’re probably 50% done and we’re

25-47

going to have regulation there’s nothing

25-49

wrong with rules and regulations you

25-51

need them but we’ve cut more than any

25-56

administration ever in the history of

25-58

our country and we still have a ways to

26-00

go so I think between that and the

26-02

tremendous tax cuts we’ve really done

26-05

something and one other thing I said and

26-06

I saw it last night was some of the

26-08

leaders and the business people I think

26-12

I’ve been a cheerleader for our country

26-14

and everybody representing a company or

26-17

a country has to be a cheerleader or no

26-20

matter what you do it’s just not going

26-22

to work and the reason I’m a cheerleader

26-24

is because it’s easy because I love our

26-27

country and I think we’re just doing

26-31

really well and we look forward to

26-33

seeing you in America special place and

26-37

where you are is a special place also

26-39

thank you all very much I appreciate it

26-41

thank you

26-44

thank you very much mr. president for

26-48

being with us sir World Economic Forum

26-52

community who is assembled here will be

26-55

certainly and I quote you from the last

26-58

piece of your remarks will be suddenly

27-01

be amongst a hard-working man and women

27-05

who do serve duty each and every day

27-09

making this world a better place for

27-12

everyone thank you very much thank you

27-15

thank you very much everybody thank you

27-17

[Applause]

 

Give Old Guard Audio a Listen, you will be glad you did!

Leave a Reply