Selected excerpts from Trump's Davos speech: U.S. stocks will double.
President Trump delivered a highly anticipated speech and engaged in a dialogue with the host at the World Economic Forum annual meeting in Davos, Switzerland on Wednesday. The following are excerpts from his speech:
Economy and Stock Market
- The US economy is expected to grow by 5.4% in the fourth quarter.
- He mentioned that the recent drop in US stocks is insignificant compared to previous gains, and the market will double in the future.
- The US is "vigorously developing" nuclear energy and has signed orders approving multiple nuclear reactors.
- He reiterated his request for Congress to set a credit card interest rate cap at 10% for one year.
Federal Reserve
- The Federal Reserve Chairman will be a male and highly respected.
- All Chairman candidates performed well in the interviews, but behaviors may change after taking office.
Greenland
- He demanded immediate negotiations for acquiring Greenland without resorting to excessive force.
- He mentioned that the US returned Greenland to Denmark after World War II, but Denmark is now "ungrateful."
- He warned that if Denmark goes against the US on the Greenland issue, "we will remember."
NATO/Europe
- He criticized Canada for not being grateful to the US.
- He claimed that the US acquiring Greenland would not threaten NATO and would enhance the security of the entire alliance.
- He said the US has been treated unfairly by NATO, giving more but receiving too little.
- He criticized the development direction in Europe, saying some places are now "unrecognizable."
- The US wants strong allies in Europe, not severely weakened ones, and wishes for Europe to remain strong.
Other
- He mocked French President Macron for wearing sunglasses.
- He stated that all major oil companies will follow the US into Venezuela, and the US will "share" the oil revenue with the country.
- He mentioned that he would meet with Ukrainian President Zelensky later that day.
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