President Trump’s address at the World Economic Forum in Davos on Wednesday laid out a vision centered on national sovereignty, economic nationalism, and Western cultural renewal. He highlighted new initiatives aimed at lowering costs for Americans, including banning institutional buyers from single-family homes, purchasing mortgage bonds to reduce rates, seeking a temporary cap on credit card interest, and promoting the U.S. as a global crypto leader.
New leader of DAVOS, Larry Fink, introduced Trump:
Trump said that his administration’s first year back in office produced rapid economic and security improvements. He framed the U.S. as the “economic engine” of the world and argued that American growth lifts global markets. He contrasted his agenda with what he called the Biden era of “stagflation,” claiming the U.S. now has low inflation, strong growth, rising productivity, and record investment commitments.
U.S. Economy Claims: Inflation, Markets, Investment, and Jobs
Trump cited recent core inflation near 1.6 percent, repeated stock-market record highs, and trillions added to retirement savings. He said more than 1.2 million people left food stamps and claimed his administration secured $18–$20 trillion in investment commitments. He also touted a 77 percent reduction in the monthly trade deficit, higher exports, and a surge in factory construction, saying tariffs and pro-growth policies are pulling manufacturing back to the United States.
Deregulation and Tax Policy: Cutting Government and Incentivizing Industry
Trump said his administration cut federal payrolls by roughly 270,000, reduced spending by $100 billion, and lowered the deficit by 27 percent in a year. He emphasized aggressive deregulation, describing a ratio of 129 regulations cut for every new one added. He highlighted large tax cuts, including no tax on tips, overtime, and Social Security, plus immediate expensing for capital investment.
Energy and Technology Agenda: Oil, Gas, Nuclear, and AI
He argued U.S. energy production is rising while Europe’s policies drove prices up and output down. Trump promoted expanding oil and gas, approving new nuclear reactors, and increasing power capacity for AI-driven growth, criticizing wind power as costly and dependent on Chinese manufacturing.
Housing, Debt, and Crypto: Affordability Push
Trump backed restricting institutional purchases of single-family homes, urged a one-year 10 percent cap on credit card interest, supported crypto legislation, and claimed mortgage rates fell below 6 percent after government-backed buying of mortgage bonds.
Foreign Policy and Security: NATO, Ukraine, and Greenland
He criticized NATO burden-sharing and said he pushed allies toward higher defense spending. He described efforts to end the Russia-Ukraine war and argued Greenland’s strategic location and resources justify renewed acquisition talks, presenting it as a security upgrade for the alliance. He closed by urging cultural confidence and Western cohesion alongside technological ambition.
Full speech:
From the White House Office of Communication:
| In Davos, President Trump Outlines Bold Vision for American Prosperity, Transatlantic Strength |
| President Donald J. Trump commanded the stage this morning at the World Economic Forum in Davos, Switzerland, delivering a bold address that reaffirmed America’s leadership on the global stage and charted a decisive path forward for Western nations. Highlighting the imperatives of national sovereignty, cultural preservation, and proactive security, President Trump articulated a robust strategy to promote mutual prosperity and fortify alliances against global challenges. Here are the highlights: |
| President Trump outlined innovative initiatives to lower costs for everyday Americans: |
| “Homeownership has always been a symbol of the health and vigor of American society, but that goal fell out of reach for millions and millions of people in the Biden era… Homes are built for PEOPLE, not for corporations — and America will NOT become a nation of renters… That’s why I have signed an executive order banning large institutional investors from buying single-family homes… And I’m calling on Congress to pass that ban into permanent law.” (Watch) “I have instructed government-backed institutions to purchase up to $200 billion in mortgage bonds to bring down interest rates… Last week, the average 30-year mortgage rate dropped below 6% for the first time in many years.” (Watch) “The profit margin for credit card companies now exceeds 50% — one of the biggest — and they charge Americans interest rates of 28%… To help our citizens recover from the Biden disaster… I’m asking Congress to cap credit card interest rates at 10% for one year.” (Watch) “I’m also working to ensure America remains the crypto capital of the world… Congress is working very hard on crypto market structure legislation… Which I hope to sign very soon, unlocking new pathways for Americans to reach financial freedom.” (Watch) |
| President Trump showcased the economic achievements of his first year back in office: |
| “Under the Biden Administration, America was plagued by the nightmare of stagflation, meaning low growth and high inflation — a recipe for misery, failure, and decline. But now, after just one year of my policies, we are witnessing the exact opposite — virtually no inflation and extraordinarily high economic growth.” (Watch) “In one year, I slashed our monthly trade deficit by a staggering 77% — and all of this with no inflation, something everyone said could not be done.” (Watch) “Because of my landslide election victory, the United States avoided the catastrophic energy collapse which befell every European nation that pursued the Green New Scam — perhaps the greatest hoax in history.” (Watch) “Under my leadership, U.S. natural gas production is at an all-time high, U.S. oil production is up by 730,000 barrels a day… the price of gasoline is now below $2.50 a gallon in many states.” (Watch) “In 12 months, we have removed over 270,000 bureaucrats from the federal payrolls — the largest single-year reduction in government employment since the end of World War II… We’ve cut federal spending by $100 billion and slashed the federal budget deficit by 27% in a single year… In July, we passed the largest tax cuts in American history, including No Tax on Tips, No Tax on Overtime, and No Tax on Social Security for our great seniors.” (Watch) |
| President Trump issued a call to action for European partners: |
| “The USA is the economic engine on the planet — and when America booms, the entire world booms.” (Watch) “In recent decades, it became conventional wisdom in Washington and European capitals that the only way to grow a modern Western economy was through ever-increasing government spending, unchecked mass migration, and endless foreign imports… This was the path that the Sleepy Joe Biden Administration and many other Western governments very foolishly followed, turning their backs on everything that makes nations rich and powerful and strong.” (Watch) “The consequences of such destructive policies have been stark — including lower economic growth, lower standards of living, lower birthrates, more socially disruptive migration, more vulnerability to hostile foreign adversaries, and much, much smaller militaries.” (Watch) “The United States cares greatly about the people of Europe… and we believe deeply in the bonds we share… That’s why issues like energy, trade, immigration, and economic growth must be central concerns to anyone who wants to see a strong and united West.” (Watch) “The situation in Minnesota reminds us that the West cannot mass-import foreign cultures which have failed to ever build a successful society of their own.” (Watch) “The explosion of prosperity and progress that built the West did not come from our tax codes; it ultimately came from our very special culture. This is the pressure inheritance that America and Europe have in common… We have to defend that culture and rediscover the spirit that lifted the West from the depths of the Dark Ages to the pinnacle of human achievement.” (Watch) |