Selected excerpts from Trump's Davos speech: U.S. stocks will double.

date
22/01/2026
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.