U.S. President Donald Trump used his special address at the World Economic Forum in Davos to declare what he called a historic economic turnaround in the United States, while unveiling bold positions on trade, energy, NATO and renewed talks to acquire Greenland.
Speaking one year after his return to the White House, Trump told global business and political leaders that the U.S. economy is “booming,” citing low inflation, strong growth and record investment inflows. He said core inflation has fallen to 1.6 percent, fourth-quarter growth is projected at 5.4 percent, and the stock market has added about $9 trillion in value since his election.
Trump credited aggressive tax cuts, sweeping deregulation and higher tariffs on foreign imports for the gains, claiming the U.S. has secured up to $20 trillion in new investment commitments. He also said his administration has cut federal spending, reduced the budget deficit by 27 percent, and removed more than 270,000 federal workers from government payrolls.
On energy, Trump sharply criticized renewable policies in Europe, pledging continued expansion of U.S. oil, gas and nuclear power. He said American oil production has risen by 730,000 barrels per day, gasoline prices have fallen below $2.50 in many states, and the U.S. is approving new nuclear reactors to meet rising demand from artificial intelligence and industry.
A major flashpoint of the speech was Greenland. Trump said the United States is seeking immediate negotiations with Denmark to acquire the Arctic territory, stressing its strategic importance amid rising global security threats. He insisted the U.S. would not use force, but argued that only America has the capacity to defend and develop Greenland in the interest of NATO and global security.
Trump also revisited his criticism of NATO, claiming the U.S. has long carried a disproportionate burden of alliance spending. He said his pressure forced allies to raise defense contributions to 5 percent of GDP and warned that U.S. support cannot remain “one-sided.”
On foreign policy, Trump said he is working to end the war in Ukraine, citing mounting casualties, and claimed progress in resolving other global conflicts. He also highlighted domestic measures, including an executive order banning large institutional investors from buying single-family homes, a push to cap credit card interest rates at 10 percent for one year, and policies aimed at making the U.S. the “crypto capital of the world.”
The address, one of the most anticipated at Davos 2026, underscored Trump’s combative, America-first approach while signaling policies that could reshape global trade, security and energy markets in the years ahead.
Source: World Economic Forum