President Trump spoke to Davos by video. Here is what he told the attendees
I did not start taking notes until about 10 minutes in, sorry
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He will get rid of 10 regulations for each new regulation
Tariffs, whose amounts are not yet established, will be imposed on foreign goods
Federal tax breaks will be given for companies that make products within the US: he will lower it from 21% to 15% if products are produced in the USA.
He will reduce interest rates and inflation
The US is becoming a merit-based country
He (of course) talked about the border
There are only 2 genders. Transgender surgeries will be rare. Transgender athletes will not compete with women.
The United States is a sovereign country
We are returning to freedom of speech, no misinformation/disinformation labels to suffocate Americans’ free speech
Asks nations to increase their defense spending to 5% from 2% (this was a US request to NATO nations under Biden last fall)
It is time to end the Ukraine war, it is a carnage. He said millions are dying. He wants to talk to Putin soon about this. Hopefully this is an exaggeration.
There will be no support for electric cars. People can buy whatever car they want.
Prolonged delays for project approvals will end
With AI, we will need twice the energy in the US as we use now. (!). He suggests electricity generating plants be built next to AI plants, avoiding need to use the grid.
President Trump spoke about the use of “clean coal.” Does this mean we will use better scrubbers? RF Kennedy sued coal-burning plants for releasing large amounts of mercury into the air, generally harming low income communities where they were located.
President Trump said “debanking” is wrong and told the big banks to stop doing it.
President Trump said we don’t need Canada for wood, for making our cars, etc. He pointed out that essentially everything Canada has, the US has. This presages some tough negotiations on tariffs.
The President said President Xi called him. We have a 1.1 trillion dollar deficit with China that needs to be corrected. Hopefully China can help stop the Ukraine war. We’d like to see denuclearization of our two countries (Russia and the US) and China could come along. President Putin really liked the idea of reducing our nuclear capability. Xi did too.
The Ukraine war should never ever have been started. A lot of stupidity all around. “Far more people have died than is being reported.”
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