US President Donald Trump participated in the World Economic Forum in Davos this year, highlighting the unrivaled advantages of doing business in America.
Donald Trump took part in the World Economic Forum’s (WEF) «Davos 2025» by delivering a virtual address, touting the United States’ advantages as the market of choice for businesses.
«America is back and open for business,» he said in a published article. «Under the Trump administration, there will be no better place on Earth to create jobs, build factories, or grow a company than right here in the good old USA.»
In addition, the US President also participated in a public dialogue with four top CEOs: Blackstone's Stephen Schwarzman, Banco Santander’s Ana Botin, TotalEnergies’ Patrick Pouyanné and Bank of America’s Brian Moynihan.
EU Business Regulations
Trump addressed a number of questions that covered a series of issues. On business regulations in the European Union and the prospects of easing, he urged them to «speed up their process».
«[Europeans] want to be able to compete better, and you can't compete when you can't get through the approval process fast,» Trump said.
Energy Policy
On US energy policy, Trump highlighted efforts to deregulate production and power artificial intelligence (AI) data centers.
«We need double the energy we currently have in the United States for AI to be as big as we want to have it, because it's very competitive,» he said, adding that «good clean coal» could also be used as a backup power source.
Corporate Tax Rate
On corporate tax, Trump outlined plans to lower the rate from 21 percent to 15 percent, noting that it will only be applicable to companies that make their products in the US.
«The 15 percent is about as low as it gets,» he said in response to a question on the impact of inflationary policies. «[It is] by far the lowest of a large, rich, powerful country.»
US-China Relations
The US President also spoke about relations with China, against which he previously threatened to impose import tariffs of up to 60 percent. Trump said that he is optimistic that the two countries can maintain a «very good relationship,» adding that «all we want is fairness».
In the WEF’s latest Chief Economists Outlook, 47 percent of respondents said they expect a positive or somewhat positive short-term impact on growth under the Trump administration, though 94 percent expect inflation to increase.
