President Trump Delivers Opening Remarks at the World Economic Forum

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Davos, Switzerland

This video is about President Donald Trump’s remarks at the World Economic Forum in Davos, Switzerland on January 22, 2020. Trump begins by stating that a very special congratulations on their 50th year hosting the Annual Meeting of the World Economic Forum. He informs that last week alone, the United States concluded two extraordinary trade deals: the agreement with China and the United States-Mexico-Canada Agreement. He says that since his election, America has gained over 7 million jobs.

Donald Trump states that the unemployment rate is now less than 3, 4, and 5 percent. He adds that unemployment rates among African Americans, Hispanic Americans, and Asian Americans have all reached record lows. He says that the unemployment rate for women reached the lowest level since 1953. He remarks that the unemployment rate for veterans has dropped to a record low, along with the unemployment rate for disabled Americans.

Trump says that since he took office, more than 2 million millennials have gotten jobs and their wages have grown by nearly 5 percent annually. He states that in just three years in his administration, 3.5 million people have joined the workforce. He adds that ten million people have been lifted off welfare in less than three years. Trump states that they have created 1.2 million manufacturing and construction jobs. He says that America has gained nearly 12,000 new factories under his administration.

President Trump states that they passed the largest package of tax cuts and reforms in American history. He adds that they doubled the child tax credit, benefitting 40 million American families and lifting 650,000 single mothers, and their 1 million children out of poverty. Trump says that they passed the first-ever tax credit for employers who provide paid paternal leave for employees earning $72,000 less annually and passed paid family leave for government employees as a model for the country. He says that they created nearly 9,000 Opportunity Zones in distressed communities where capital gains on long-term investments are now taxed at zero.

Donald Trump says that they have appointed over 190 federal judges to interpret the law as written. He informs that China will spend an additional $200 billion over two years on American services, agriculture, energy, and manufactured goods. He remarks that they ended the NAFTA disaster and replaced it with the incredible new trade deal, the USMCA. Trump mentions that the United States has also concluded a great new trade deal with Japan, approximately $40 billion. He adds that they completely negotiated their deal with South Korea and many other countries.

Trump states that the United States is the number-one producer of oil and natural gas anywhere in the world. He states that he is pleased to announce the United States will join One Trillion Trees Initiative being launched here at the World Economic Forum. He ends his speech by saying that together, they will make their nations stronger, their countries safer, their culture richer, their people freer, and the world more beautiful than ever before.

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