“When the United States grows, so does the world,” Trump said in a speech to the World Economic Forum in Davos, Switzerland. “American prosperity has created countless jobs around the globe and the drive for excellence, creativity and innovation in the United States has led to important discoveries that help people everywhere live more prosperous and healthier lives.”

Trump is the first U.S. president to visit the conference in 18 years, and he made his government’s presence felt with a large delegation of Cabinet secretaries and top White House aides.

He plans to return home soon after his plenary address, where he faces a number of domestic challenges — difficult negotiations with Congress on an immigration overhaul and damaging new reports that he sought last year to fire the special counsel investigating his presidential campaign’s ties to the Russian government.

As he does regularly, Trump claimed credit for the run-up in stocks and economic growth that has occurred in his first year in office. In the last year, the Standard & Poor’s 500 Index has surged about 25 percent and data scheduled for release on Friday is set to show the economy probably ended last year with the longest stretch of 3 percent-or-better growth since 2005.

“After years of stagnation the United States is once again experiencing strong economic growth,” Trump said. “Consumer confidence, business confidence and manufacturing confidence are the highest they have ever been in many decades.”

The International Monetary Fund this week acknowledged Trump’s recent tax cuts were a reason it had lifted its forecast for U.S. economic growth this year to 2.7 percent. Still, it warned the short-term effect would wear off by 2022 as budget deficits materialized and individual tax cuts expired.

Davos Whirlwind

The president will be in Davos for less than 36 hours. He met with the leaders of the U.K., Israel, Rwanda and Switzerland. He delivered a short speech at a private reception that some people in attendance described as awkward. He hosted a dinner for European corporate executives, which the White House allowed reporters to observe for about 20 minutes as Trump encouraged the business leaders to describe their U.S. investment plans.

“Like all nations represented at this forum, America hopes for a future in which everyone can prosper, and every child can grow up free from violence, poverty, and fear,” Trump said. “The world is witnessing the resurgence of a strong and prosperous America.”

The presence of the nationalist American leader divided participants at Davos, which is in part a celebration of globalism by the world’s financial and government elite.

Wall Street figures and business executives embraced Trump, who late last year signed into law a drastic reduction of the U.S. corporate income tax rate. He has also embarked on an effort to reduce regulations that he considers burdensome to companies.

“What I’m bulled up about is that policy makers are making good policy decisions in the U.S.,” JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told Bloomberg.

Protectionist Concerns

Trump invited business leaders in the audience to invest in the U.S.

“There has never been a better time to hire, to build, to invest and to grow in the United States,” he said. “America is open for business and we are competitive once again.”

Others signaled concern with Trump’s protectionist instincts, which were underscored at the start of the week when his government slapped tariffs on imported solar panels and washing machines. European leaders including French President Emmanuel Macron and German Chancellor Angela Merkel promoted multilateralism from the Davos stage; neither of them intersected with Trump at the conference.

Several Davos attendees expressed unease with Trump’s foreign policy and his crackdown on undocumented immigrants. Microsoft Corp. co-founder Bill Gates told Bloomberg that in “the balance of hard power versus soft power, the U.S. uniquely has a ratio emphasizing hard power and I’d hate to see it go even further.”

Billionaire investor George Soros was more explicit, saying Trump is risking a nuclear war with North Korea and that he poses a “danger to the world.”

“Part of that is I think the sense that the U.S. is less welcoming today,” Marriott International Inc. President and CEO Arne Sorenson said. “Words around immigration, or words around some of these other issues, can be interpreted in the rest of the world as words of welcome or relatively less welcome.”

Source: http://time.com/5120097/donald-trump-davos-speech/

The post Donald Trump Tells World Economic Forum: ‘America Is Open for Business’ first appeared on Garner Ted Armstrong Evangelistic Association.

It’s a privilege to be here at this forum an business and science diplomacy and people from world affairs gathered for many, many years to discuss how we can to advance prosperity and peace. I’m here to represent the interests of the America people and affirm America’s friendship and partnership in building a better world.

Like all nations represented at this great forum, America hopes for a future which everyone can prosper and every child can grow up free from violence, poverty, and fear. Over the past year, we have made extraordinary strides in the U.S. We’re lifting up forgotten communities, creating exciting new opportunities, and helping every American find their path to the American dream. The dream of a great job, a safe home and a better life for their children.

After years stagnation the nights is once again experiencing strong economic growth. The stock market is smashing one record after another, and has added more than $7 trillion in new wealth since my election. Consumer confidence, business confidence, and manufacturing confidence are the highest that they have been in many decades.

Since my election we’ve created 2.4 million jobs and that number is going up very, very substantially. Small business optimism is at an all-time high. New unemployment claims are near the lowest we’ve seen in almost half a century. African-American unemployment reached the lowest rate ever recorded in the United States and so has unemployment among Hispanic-Americans.

We lowered our corporate tax rate from 35 percent all the way down to 21 percent. As a result, millions of workers have received tax cut bonuses from their employers in amounts as large as $3,000. The tax cut bill is expected to raise the average American’s household income by more than $4,000. The world’s largest company, apple, announced it plans to bring $245 billion in overseas profits home to America. Their total investment into the United States economy will be more than $350 billion over the next five years. Now is the perfect time to bring your business, your jobs, and your investments to the United States.

This is especially true because we have undertaken the most extensively regulatory reduction ever conceived. Regulation is stealth taxation. The U.S. Like many other countries unelected bureaucrats, we have, believe me, we have them all over the place, and they have imposed crushing and anti-business and anti-worker regulations on our citizens with no vote, no legislative debate, and no real accountability. In America those days are over. I pledged to eliminate two unnecessary regulations for everyone new regulation. We have succeeded beyond our highest expectations. Instead of two for one, we have cut 22 burdensome regulations for everyone new rule. We are freeing our businesses and workers so they can thrive and flourish as never before. We are creating an environment that attracts capital, invites investment, and rewards production. America is the place to do business, so come to America where you can innovate, create and build.

I believe in America. As president of the United States I will always put America first just like the leaders of other countries should put their country first also. But America first does not mean America alone. When the United States grows, so does the world. American prosperity has created countless jobs all around the globe and the drive for excellence, creativity, and innovation in the U.S. Has led to important discoveries that help people everywhere live more prosperous and far healthier lives.

As the United States pursues domestic reforms to unleash jobs and growth, we are also working to reform the international trading system so that it promotes broadly-shared prosperity and rewards to those who pray — play by the rules. We cannot have free and open trade if some countries exploit the system at the expense of others. We support free trade but it needs to be fair and it needs to be reciprocal because in the end unfair trade undermines us all. The United States will no longer turn a blind eye to unfair economic practices including massive intellectual property theft, industrial subsidies, and pervasive state-led economic planning.

These and other predatory behaviors are distorting the global markets and harming businesses and workers not just in the U.S. But around the globe. Just like we expect the leaders of other countries to protect their interests, as president of the United States, I will always protect the interests of our country, our companies, and our workers. We will enforce our trade laws and restore integrity to our trading system. Only by insisting on fair and reciprocal trade can we create a system that works not just for the U.S., but for all nations.

As I have said, the United States is prepared to negotiate mutually beneficial, bilateral trade agreements with all countries. This will include the countries within TPP, which are very important. We have agreements with several of them already. We would consider negotiating with the rest either individually or perhaps as a group if it is in the interests of all. My administration is also taking swift action in other ways to restore American confidence and independent. We are lifting self-imposed restrictions on energy production to provide affordable power to our citizens and businesses and to promote energy security for our friend all around the world. No country should be held hostage to a single provider of energy. America is roaring back and now is the time to invest in the future of America.

We have dramatically cut taxes it make America competitive. We are eliminating burdensome regulations at a record pace. We are reforming the bureaucracy to make it lean, responsive and accountable and we are insuring our laws are enforced fairly. We have the best colleges and universities in the world and we have the best workers in the world. Energy is an abundant and affordable. There is never been a better time to do business in America. We are also making historic investments in the American military because we cannot have prosperity without security. To make the world safer from rogue regimes, terrorism and revisionist powers, we’re asking our friend and allies to invest in their own defenses and to meet their financial obligations. Our common security requires everyone to contribute their fair share.

My administration is proud to have led historic efforts at the united nations security council and all around the world to unite all civilized nations in our campaign of maximum pressure to de-nuke the Korean peninsula. We continue to call on partners to confront Iran’s support for terrorists and block Iran’s path to a nuclear weapon. We’re also working with allies and partners to destroy jihad it terrorist organizations such as ISIS and very successfully so. The nights is leading a very, very broad coalition to deny terrorists control of their territory and populations, to cut off their funding and to discredit their wicked ideology. I am pleased to the support that the coalition to defeat ISIS has retaken almost 100% of the territory once held by these killers in Iraq and Syria. There is still more fighting and worked to be done. And to consolidate our gains. We are committed to insuring that Afghanistan never again become as safe haven for terrorists who want to commit mass murder to our civilian populations.

I want to thank those nations represented here today that have joined in these crucial efforts. You are not just securing your own citizens but saving lives and restoring hope for millions and millions of people. When it comes to terrorism we will do whatever is necessary to protect our nation. We will defend our citizens and our borders. We are also securing our immigration system as a matter of both national and economic security. America is a cutting-edge economy but our immigration system is stuck in the past.

We must replace our current system of extended family chain migration with a merit-based system of admissions that selects new arrivals based on their ability to contribute to our economy, to support themselves financially, and to strengthen our country.

In rebuilding America we are also fully committed to developing our workforce. We are lifting people from dependence to Independence because we know the single-best anti-poverty program is a very simple and very beautiful paycheck. To be successful it is not enough to invest in our economy.

We must invest in our people. When people are forgotten the world becomes fractured. Only by hearing and responding to the voices of the forgotten can we create a bright future that is truly shared by all. The nation’s greatness is more than the sum of its production and a nation’s greatness is the sum of its citizens, the values, pride, love, devotion and character of the people who call that nation home.

From my first international G-7 summit to the g20, to the U.N. General assembly, to APEC, to the world trade organization and today at the world economic forum my administration has not only been present but has driven our message that we are all stronger when free, sovereign nations cooperate towards shared goals and they cooperate toward shared dreams. Represented in this room are shared dreams.

Represented in this room are some of the remarkable citizens from all over the worlds. You are national leaders, business titans, industry giants and many of the brightest mind in many fields. Each of you has the power to change hearts transform lives and shape your country’s destinies. With this power comes an obligation however, a duty of loyalty to the people, workers, customers, who made you who you are.

Together let us resolve it use our power, our resources and our voices, not just for ourselves but for our people, to lift their burdens, to raise their hopes and to empower their dreams. To protect their families, their communities, their histories and their futures. That’s what we’re doing in America, and the results are totally unmistakable. It’s why new businesses and investment are flooding in. It’s why our unemployment rate is the lowest it’s been in so many decades. It’s why America’s future has negative been brighter.

Today, I am inviting all of you to become part of this incredible future we are building together. Thank you to our hosts, thank you to the leaders and innovators in the audience but most importantly, thank you, to all of the hard-working men and women who do their duty each and every day, making this a better world for everyone. Together let us send our love and our gratitude to make them because they really make our countries run. They make our countries great. Thank you and god bless you all. Thank you very much.

Source: https://www.politico.com/story/2018/01/26/full-text-trump-davos-speech-transcript-370861

The post Full text: Trump Davos speech transcript first appeared on Garner Ted Armstrong Evangelistic Association.