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[Applause] Mr President hello what great honor what great honor and pleasure to welcome you back to zavos community Just 4 days into your new mandate we highly appreciate your presence with us today we wish you all the best as you take on your critical work ahead the global challenges we face today are Monumental the importance of American leadership and your personal leadership in this regard is fundamental and Paramount we are here to hear your vision and policies related to revitalizing the economy and addressing the global challenges as you might expect Mr President you return to office and your forthcoming policies have been at the focus of our discussions this week so discussions among 3,000 political and Business Leaders from over 130 countries who came together here in Davos we look forward hearing first from you and then to the followup discussion with Business Leaders moderated by my colleague ber brend ladies and gentlemen the president of the United States Donald J Trump [Laughter] [Applause] well thank you very much Claus and hello to everyone in beautiful Davos this has been a truly historic week in the United States three days ago I took the oath of office and we began the Golden Age of America the recent presidential election was won by millions of votes and all seven every one of them all all seven swing States it was a massive mandate from the American people like hasn’t been seen in many years and some of the political pundits even some of my so-called enemies said it was the most consequential election victory in 129 years that’s quite nice what the world has witnessed in the past 72 hours is nothing less than a revolution of Common Sense our country will soon be stronger wealthier and more united than ever before and the entire Planet will be more peaceful and prosperous as a result of this incredible momentum and what we’re doing and going to do my Administration is acting with unprecedented speed to fix the disasters we’ve inherited from a totally inept group of people and to solve every single crisis facing our country this begins with confronting the economic chaos caused by the failed policies of the last Administration over the past four years our government racked up 8 trillion in wasteful deficit spending and inflicted Nation wrecking energy restrictions crippling regulations and hidden taxes like never before the result is the worst inflation crisis in modern history and Skyhigh interest rates for our citizens and even throughout the world food prices and the price of almost every other thing known to mankind went through the roof President Biden totally lost control of what was going on in our country but in particular with our high inflation economy and at our border because of these ruinous policies total government spending this year is $1.5 trillion higher than was projected to occur when I left office just four years ago likewise the cost of servicing the debt is more than 230% higher than was projected in 2020 the inflation rate we are inheriting remains 50% higher than the historic Target it was the highest inflation probably in the history of our country that’s why from the moment I took office I’ve taken rapid action to reverse each and every one of these radical left policies that created This calamity in particular with immigration crime and inflation on day one I signed an executive order directing every member of my cabinet to Marshall all powers at their disposal to defeat inflation and reduce the cost of daily life I imposed a federal hiring freeze a Federal Regulation freeze a foreign aid freeze and I created the new Department of government efficiency I terminated the ridiculous and Incredibly wasteful Green New Deal I call it the green new scam withdrew from the onesided Paris climate Accord and ended the insane and costly electric vehicle mandate we’re going to let people buy the car they want to buy I declared a national Energy emergency and it’s so important National Energy emergency to unlock the liquid gold under our feet and pave the way for a rapid approvals of new energy infrastructure the United States has the largest amount of oil and gas of any country on Earth and we’re going to use it not only will this reduce the cost of virtually all goods and services it will make the United States a manufacturing superpower and the world capital of artificial intelligence and crypto my Administration has also begun the largest deregulation campaign in history far exceeding even the record setting efforts of my last term in total the Biden Administration opposed $50,000 in additional regulatory costs on the average American household over the last four years I have promised to eliminate 10 old regulations for every new regulation which will soon put many thousands of dollars back in the pockets of American families to further unleash our economy our majorities in the House and Senate which we also took along with the presidency are going to pass the largest tax cut in American history including massive tax cuts for workers and family and big tax cuts for domestic iesc producers and manufacturers and we’re working with the Democrats on getting an extension of the original Trump tax cuts as you probably know by just reading any paper my message to every business in the world is very simple come make your product in America and we will give you among the lowest taxes of Any Nation on Earth we’re bringing them down very substantially even from the original Trump tax cuts but if you don’t make your product In America which is your prerogative then very simply you will have to pay a tariff differing amounts but a tariff which will direct hundreds of billions of dollars and even trillions of dollars into our treasury to strengthen our economy and pay down debt 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 already Americans economic you can see that I think maybe even in your in your wonderful wonderful room that you’re all gathered together so many of my friends but Americans the economic confidence is soaring like we haven’t seen in many many decades maybe not at all upon my election it was just announced that small business optimism skyrocketed by 41 points in a single month that’s the highest ever there’s never been anything like that soft bank has announced between a 100 and 200 billion doll investment in the US economy because of the election result and just two days ago Oracle soft bank and open AI announced a $500 billion investment in AI infrastructure uh other companies likewise have announced billions and billions and billions adding up the trillions of investment in America in the United States and it’s also reported today in the papers that uh Saudi Arabia will be investing at at least $600 billion do in America but I’ll be asking the Crown Prince who’s a fantastic guy to round it out to around 1 trillion I think they’ll do that because we’ve been very good to them and I’m also going to ask Saudi Arabia and OPEC to bring down the cost of oil you got to bring it down which frankly I’m surprised they didn’t do before the election that didn’t show a lot of love by them not doing it I was a little surprised by that if the price came down the Russia Ukraine war would end immediately L right now the price is high enough that that war will continue you got to bring down the oil price you got to end that war they should have done it long ago they’re very responsible actually to a certain extent for what’s taking place millions of lives are being lost with oil prices going down I’ll demand that interest rates drop immediately and likewise they should be dropping all over the world interest rates should follow us all over the progress that you’re seeing is happening because of our historic victory in a recent presidential election one that has become quite well known throughout the world I think a lot of things are happening to a lot of countries they say that there’s light shining all over the world since the election and even countries that we aren’t particularly friendly with uh are happy because they understand what there is a future and how great the future will be under our leadership America is back and open for business and this week I’m also taking Swift action to stop The Invasion at our Southern border they allowed people to come in at levels that nobody’s ever seen before it was ridiculous I decided a and declared to to uh to do and very very importantly a National Emergency on our border immediately halted all entry of illegal border crossers of which there were many and began promptly returning the illegal trespasses back to the place from which they came that action as youve probably seen has already started very strongly have deployed active duty US military and National Guard troops to the border to assist in repelling The Invasion it was really an invasion we will not allow our territory to be violated after four long years the United States is strong and Sovereign and a beautiful Nation once again it’s a strong Sovereign Nation in addition I’m pleased to report that America is also a free Nation once again on day one I signed an executive order to stop all government censorship no longer will our government label the speech of our own citizens as misinformation or disinformation which are the favorite words of censors and those who wish to stop the free exchange of ideas and frankly progress we have saved free speech in America and we’ve saved it strongly with another historic executive order this week I also ended the weaponization of law enforcement against the American people and frankly against politicians and restored the fair equal and impartial rule of law my Administration has taken action to abolish all discriminatory diversity equity and inclusion nonsense and these are policies that were absolute nonsense throughout the government and the private sector with the recent yet somewhat unexpected great Supreme Court decision just made America will once again become a merit-based country you have to hear that word merit based country and I’ve made it official an official policy of the United States that there are only two genders male and female and we will have no men participating in women’s sports and transgender operations which became the rage will occur very rarely finally as we restore common sense in America we’re moving quickly to bring back strength and peace and stability abroad I’m also going to ask all NATO Nations to increase defense spending to 5% of GDP which is what it should have been years ago it was only at 2% and most Nations didn’t pay until I came along I insisted that they pay and they did because the United States was really paying the difference at that time and it’s was unfair to the United States but many many things have been unfair for many years to the United States before even taking office my team negotiated a ceasefire agreement in the Middle East which wouldn’t have happened without us as I think most of the people in the room now earlier this week the hostages began to return to their families they are returning and it’s a beautiful site and they’ll be coming in more and more they started coming back on Sunday our efforts to secure a peace settlement between Russia and Ukraine are now hopefully underway it’s so important to get that done that is an absolute killing field uh millions of soldiers are being killed nobody’s seen anything like it since World War II they’re laying dead all over the flat Fields it’s a flat field farmland and there’s millions of Russians and millions of ukrainians and nobody’s seen anything like it since World War II it’s time to end it and here in America we have big events coming up next year we have the 250th anniversary of America’s founding I’m so honored to be president during that that’s been a big event they’ve been talking about it for 10 years we also have the World Cup and I understand Giani Giani is in the room Infantino he was very instrumental in helping us get it he’s there with you someplace I think and I want to thank him for that and then we have the Olympics coming up which I was instrumental in getting also in my first term and who would have known that by skipping a term I would get the Olympics I was upset I said you know I got the Olympics to come and I won’t be president but it turned out through a stroke of luck or whatever you might call it that I’m going to be president during the World Cup and the Olympics and the 250th anniversary so that’s going to be three big events and we’ve accomplished more in less than four days we have really been working four days than other administrations have accomplished in four years and we’re just getting started it’s really an amazing thing to see in the spirit and the light over our country has been incredible under the last Administration our nation has suffered greatly but we are going to bring it back and make it Greater bigger stronger better than ever before I want to thank everybody for being with you I would have been there myself except the inauguration was two days ago I thought it might be a little bit quick to make it the first stop but we’ll get there one day we hope to get there but I I do appreciate I heard the audience is fantastic and many of my friends are in the audience and uh I will be taking questions now from some very distinguished people thank you all very much thank you thank you very much uh Mr President for that very powerful speech and I think you could hear the Applause all the way from Davos to the White House but next year it will be even better because then you can get the Applause here in Davos so we wish you welcome to our village next year we hope to see you thank you very much so we also know Mr President uh that you open up for interaction here we have a great panel with some of the most distinguished business people in the world let me start uh with someone that you know really well that I think is almost the neighbor of you in Mal in Florida um Mr Steve uh Schwartzman chairman CEO and co-founder Blackstone Group so uh Steve floor is yours well Mr President um I’m sure the Crown Prince of Saudi Arabia will be really glad you gave this speech today you’ve had the busiest four days that anybody can imagine uh and congratulations for that uh and um my question uh is is about some of the things I’ve observed here at Davos uh it’s a terrific Forum uh I’ve met lots of people uh as usual I think I’ve been here 30 years uh and a lot of the European business people uh have expressed enormous frustration with the regulatory regime uh in the EU uh and they attribute slower growth rates here because of a numerous factors but especially because of regulations uh and you’ve taken a completely different approach in this area uh and if you could explain the theory of what you’re doing uh how you’re going to do it uh and what you expect the outcome to be uh I’d appreciate it well thank you very much and congratulations Steve you’re a friend of mine but on a great career you have had an amazing career and it continues so I just want to congratulate you very inspirational to a lot of people uh I want to talk about the EU because you mentioned specifically that I’ve also had a lot of friends and leaders of countries I’ve gotten to know them all my first term and a little bit during this period of four years and know them well like them a lot but they’re very frustrated because of uh the time everything seems to take to get approved environmental impact statements for things that you shouldn’t even have to do that and many many other ways that it takes and I’m going to give you a quick little example I in the private life my beautiful private life before I had all these things happening the world is a little different I had a nice simple life you knew that but uh when I had that simple life I did projects and I had a big project in Ireland and it had to get approval on something that would have made it even better and I got the approval from Ireland in a period of a week and it was a very very very efficient good approval and they informed me though the problem is you’re going to have to get it from the EU and we think that’ll take five to six years and I said you have to be kidding and this was before politics and I said wait a minute it’s not that important I don’t want to go five or six years but it would have been a big investment it would have been nice and it would have been good for the project and I sent the people to the EU to see if they could speed it up and basically it was a five or six year wait just to get a simple approval that Ireland gave me in a period of literally not much more than a week and I realized right then that was the first time I really was involved with the EU but I realized right then that’s a problem and I didn’t even bother applying to do it and or if I did I pulled it very quickly I don’t I have to be very accurate because I don’t want to be criticized he did apply actually no I want to be very accurate so uh I don’t think I but if I did I pulled it very quickly it was just something you you couldn’t wait five years or six years to get an approval so a lot of uh in a very big business sense a lot of people are claiming that’s the problem from the standpoint of America the uh EU treats us very very unfairly very badly uh they have a large tax that we know about and of vacks and it’s a very substantial one uh they don’t take our far Essen don’t take our farm products and they don’t take our cars yet they send cars To Us by the millions uh they put tariffs on things that we want to do like for instance I think they actually uh in terms of these are non economic or non-monetary tariffs and and those are very bad and they make it very difficult to bring products into Europe and yet they expect to be selling and they do sell their products in the United States so we have you know hundreds of billions of dollars of deficits with the EU and nobody’s happy with it and we’re going to do something about it but nobody’s happy with it so I think the EU has to speed up their process uh friends of mine that are in uh some of the Nations within the great people they they want to be able to compete better and you can’t compete when you can’t get go through the approval process fast there’s no reason why it can’t go faster so you know I’m I’m I’m trying to be constructive because I love Europe I love the countries of Europe but the process is a very cumbersome one and and they do treat the United States of America very very unfairly with the vat taxes and all of the other taxes they impose one other just to finish up I got a call from the head of a major airline one of the biggest airlines in the world and he said sir could you help us what Landing in Europe is brutal they charge us fees for everything and it’s so unfair I said how does it compare to China he said it’s it’s much worse and uh the other thing as you know they took uh court cases with apple and they supposedly won a case that most people didn’t think was much of a case they won 15 or 16 billion from Apple they won billions from Google I think they’re after Facebook for billions and billions these are American companies whether you like them or not they’re American companies and they shouldn’t be doing that and that’s as far as I’m concerned it’s a form of Taxation so we have some very big complaints with the EU thank you than thank you very much Mr President we’ll now uh go to one of your friends uh in the EU uh Patrick Pana uh he’s the chairman CEO of total Energies I guess you have a question ready Patrick for the president uh Mr President um as we understand energy is at the top of your agenda and it’s an honor for me to represent the energy industry tonight in this panel total energy is indeed the fourth largest oil and gas and electricity company in the world I will not ask you a question about the oil price it’s quite clear what you expect from us I will go to gas more and uh we our company is uh the largest number one exporter LNG from the US uh company uh we are a strong contributor to and we invest in uh Mamu LG projects in Texas $2 billion it’s far from 200 but it’s 20 billion and uh we contribute with that to security of Supply to Europe as we export this energy to Europe some experts fear that if there are too many projects developed in the US on LG this could have an infl inflationary impact on the US domestic gas price and they recommend a pose on these projects I would ask you the following question what are your views on about such oppose on investments on energy in the US what would happen if you would observe an increased domestic gas price because of his exports and final question which is important for Europe would you agree to guarantee security of supplies of us energy to Europe well in the last part of your question yes I would I would make sure that you get it if we make a deal we make a deal you’ll get it because a lot of people do have that problem they make a deal and then it can’t get supplied because of uh War type problems and other problems so we would absolutely do that uh LNG is very interesting because when I took office for the first term one of the first things I looked at was two there were two very massive plants in Louisiana state that is been very good to me won it by many many points and uh I felt strongly indebted to it actually and they said there are two plants that have been under environmental consideration for more than 10 years and they were costing as you say you know how expensive those plants are but they were costing like 12 billion and I think 14 or 15 billion but they couldn’t get their permits it was they were in review for years many many years like a decade or more and I said so ridiculous I know so much about that because in the construction industry I had to go through it too but I got good at it after a while but I I went I saw the uh projects and you’re talking about a total investment of uh 25 to 30 billion dollars and it looked like it was going to end they couldn’t get their permits and I got them done in less than a week it was done completely in fact when they called them to announce that uh it was done the countries largely countries Japan was involved and another country and some very big investors they couldn’t believe it they actually couldn’t believe it and I said just do yourself one favor don’t pay any Consultants because the only one that got it done was me I got it done because it was the right thing to do for the USU and for the world but the Consultants had nothing to do with it you know the Consultants go in and they say give us Millions of dollars cuz Trump did it nobody called me about it I just heard it was a problem for years and I got it done because it was the right thing to do for the US and the right thing to do for Beyond it had to do with energy very important so I think it’s very important I I think the the you know I disagree with one I think the more that you do the lower the price is going to go and what I’d like to see is uh rapid approvals we’re going to give very rapid approvals in the United States like with the AI plans talking to many people want to build them uh that’s going to be a very big thing uh we’re going to build electric uh generating facilities they are going to build I’m going to get them the approval under emergency declaration I can get the approvals done myself without having to go through years of waiting and the big problem is we need double the energy we currently have in the United States can you imagine for AI to really be as big as we want to have it because it’s a very competitive it’ll be very competitive with China and others so I’m going to give emergency declaration so that they can start building them almost immediately and I’m I’m I think it was largely my idea because nobody thought this was possible it wasn’t that they were not smart because they’re the smartest but I told them that what I want you to do is build your electric generating plant right next to your plant as a separate building connect it and they said wow you’re kidding and I said no no I’m not kidding you don’t have to hook into the grid which is all and you know could be taken out if it’s taken out they wouldn’t have any way to get uh any electricity so uh we are going to allow them to go on a very rapid Bas basis to build their plant build the electric generating plant they can fuel it with anything they want and they may have coal as a backup good Clean Coal you know if there were a problem with a with a pipe coming in as an example you’re going with gas oil gas and and a pipe gets blown up or for some reason doesn’t work there are some companies in the US that have coal sitting right by the plant so that if there’s an emergency they can go to that short-term basis and use are very clean coal so that’s something else that a lot of people didn’t even know about but nothing can destroy cold not the weather not a bomb nothing it might make it a little smaller might make it a little different shape but coal is very strong as a backup it’s a great backup to have that facility and it wouldn’t cost much more more money and we have more coal than anybody we also have more oil and gas than anybody so uh we’re going to make it so that the plants will have their own electric generating facilities attached right to their plant they don’t have to worry about a utility they don’t have to worry about anything and we’re going to get very rapid approvals thank you thank you so much Mr President we’ll know go to another CEO that you know uh very well Brian monan uh the CEO and chair of Bank of America good afternoon Mr President and uh congratulations and obviously eventful week for you and your family if you remember 5 years ago you came here and we walked among 150 CEOs from all over the world and you engag with them about your policies and your procedures uh this year you’re not here and yet this week was eventful from the orders that you mentioned earlier l a wave of orders coming out on immigration on uh trade and many other matters and so as a representative of the United States here uh we got a lot of questions about what does all this mean and how would the president Square this with his clear focus on growth Prosperity market growth stock market growth a good bond market and bringing down prices so how do you think about the impact of all these orders and how fast they come out and how you’re going to balance them with that scorecard of being successful in both continuing GDP growth bringing down inflation and also having a good stock price appreciation for the American citizen well I think it’s going to actually bring down inflation it’s going to bring up jobs we’re going to have a lot of jobs we’re going to have a lot of companies moving in you know Brian we’re at 21% it was at 40% and I got it down to 21% the corporate tax and it was actually if you look at state and city it was in many cases much higher than 40% I got it down to 21% and now we’re going to bring it down from 21 to 15% if there’s a big if if you make your product in the US so we’re going to have the lowest just about the lowest rate it’ll be the 21 is on the low side worldwide the 15 is about as low as it gets and by far the lowest of a large country a large You Know Rich powerful country by far not even a contest so we’re going to bring it down to 15% if you make your product in the USA so that’s going to to create a a tremendous buzzz we’re also probably going back to the one-year deduction where we uh deduct you know we we did that originally and that was amazing what the impact that that had the oneyear deduction which built up over a period of time and then it expires uh but we’re going to go back to that when we do the renewal of the Trump tax plan we have to get Democrats to approve it but you know if uh the Democrats didn’t approve it I don’t know how they can survive with about a 45% tax increase because that’s what it would be and uh so I think they’re going to be we’ve been working along with them pretty well I think it’s very hard for a political group to say let’s charge people 45% more so I think we’re in good shape but we’re actually doing a reduction for business and small businesses where you’re going to be bring it down to 15% which is really uh something and by the way speaking of you and you’ve done a fantastic job but I hope you start opening your bank to conservatives because many conservatives complain that the banks are not allowing them to do business within the bank and that included a place called Bank of America this conserv they don’t take Conservative Business and I don’t know if The Regulators mandated that because of Biden or what but you and Jamie and everybody I hope you’re going to open your Banks to conservatives because what you’re doing is wrong Mr President I’ll say that uh your friend Giani was said hello told me to tell you hello and we look forward to uh sponsoring the World Cup when it comes both this summer for the club and next year so thank you for getting after the United States thank you very much Bri thank you Mr President we’ll now go to Anna butin uh she’s the executive chairman of banko sander uh one of the big European uh Banks um and also in the US so I know Mr President congratulations on our historic Victory I believe you don’t know me as well as my fellow panelist so a few words Santander is one of the largest banks in the world by number of customers 170 million that’s more than my friend Brian and my friend Jamie have and those they fix the regulation that’s coming that’s coming that was tricky um we are we are a big investor in the United States we have many million customers 12,000 employees we’re one of the largest autol lenders and we recently launched a fully digital bank called open bank we strongly believe banks have a pivotal role in the economy and we can accelerate growth and help many more customers that’s what we’re doing in the United States so um as Brian pointed out we very much welcome your focus on deregulation and reducing bureaucracy so my question is what are your priorities um in this regard and how fast is this going to happen thank you very much I think it’s going to thank you and congratulations I know very much about your bank and uh you’ve done a fantastic job congratulations uh we are going to uh move very quickly we’ve moved very quickly we’ve done things in the last three days that nobody thought were possible to do in years and uh it’s all taken it’s all taking effect it’s going to have a huge impact on the economy a huge positive impact money was being wasted on uh crazy things I mean the green New Deal was such a total disgrace uh what what how that was perpetrated and it was conceived of by people that were average students less than average students I might add and never even took a course in energy or the environment it was just a game remember the world was going to end in 12 years remember that well the 12 years was come and gone it was going to end it was going to all foam into Earth uh but you know the time has come these people and they they really uh they really scared the Democrats large I can’t say the Republicans the Republicans maybe could have fought harder to stop it but it’s been a tremendous waste of a tremendous waste of money you know during my four years we had the cleanest air we had the cleanest water and yet we had the most productive economy in the history of our country we had the most productive economy until Co came we had the most productive in the the history of our country by far and uh and and actually you can look worldwide we we we were beating everybody from China to everybody else so and we think we really now with what we have learned and all of the uh other things that have taken place we think we can even far surpass that actually far far surpass it but we do one thing we’re going to be demanding is we’re going to be demanding respect from other nations uh can we have a tremendous deficit with Canada we’re not going to have that anymore we can’t do it it’s it’s I don’t know if it’s good for them as you probably know I say you can always become a state and if you’re a state we won’t have a deficit we won’t have to tariff you etc etc but Canada has been very tough to deal with over the years and it’s not fair that we should have a 200 billion or $250 billion dollar deficit we don’t need them to make our cars and they make a lot of them we don’t need their Lumber because we have our own forests etc etc we don’t need their oil and gas we have our we have more than anybody so uh you know just as an example uh with Mexico we’re dealing with Mexico I think very well and uh we’re just you know we just want to be treated fairly with other nations because there’s hardly a nation in the world and I blame this on us and I blame it on uh politicians that for some reason I’m probably mostly it’s stupidity but you could also will say uh other reasons but mostly stupidity they’ve allowed other nations to take advantage of the us and what we can’t allow that to happen anymore you know we have debt it’s a very small debt when you compare it to Value the value of the assets that we have but we don’t want to do that we want to just have uh debt be obliterated and we’ll be able to do that fairly rapidly and a lot of good things are going to happen and and honestly good things are going to happen for the world and good things are going to happen for the people that are dealing with us uh allies and Beyond allies one thing very important I really would like to be able to meet with President Putin soon and get that war ended and and that’s not from uh the standpoint of economy or anything else it’s from the standpoint of millions of lives are being wasted beautiful young people are being shot in the battlefield you know the bullet very flat land as I said and the bullet goes there’s no there’s no hiding and a the only thing going to stop the bullet is a human body and you have to see I’ve seen pictures of what’s taking place it’s a Carnage and we really have to stop that war that war is horrible and I’m not talking economy I’m not talking economics I’m not talking about natural resource I’m just talking about there’s so many young people being killed in this war and that’s not including the people that have been killed as the cities are being you know knocked down building by building so we really should get that stopped likewise in the Middle East I think we’ve made a lot of progress in the Middle East and I think that’s going to that’s going to come along pretty well thank you thank you Mr President we know that the most consequential relationship in the world is between the US and China us 28% of the global economy China close to 20 that’s almost half of the global GDP and we know that uh you called uh president shishin ping last Friday um we heard that you had a good discussion how do you see the relationship between the US and China in the next four years under your leadership he called me but I see it very good I think that we’re going to uh have a very good relationship all we want is fairness we just want a Level Playing Field we don’t want to take advantage we’ve been having massive deficits with China uh Biden allowed it to get out of hand he’s $1.1 trillion deficits ridiculous and it’s just an unfair relationship and we have to make it just fair we don’t have to make it phenomenal we have to make it a fair relationship right now it’s not a fair relationship the deficit is massive as it is with other countries a lot of Asian countries actually but we have deficits that are very big and we can’t keep doing that so we’re not going to keep doing that but uh I like President XI very much I’ve always liked him we always had a very good relationship it was very strained with covid coming out of Wuhan uh obviously that strained it I’m sure it strained it with a lot of people but uh that strained our relationship but we always had a great relationship I would say and we look forward to doing very well with China and getting along with China uh hopefully China can help us stop the war with in particular Russia Ukraine and they have a great deal of power over that situation and uh we’ll work with them and I mentioned that with the during our phone conversation with President XI and hopefully we could work together and get that stop uh we’d like to see denuclearization in fact with President Putin prior to a an election result which was frankly ridiculous uh we were talking about denuclearization of our two countries and China would have come along China has uh a much smaller right now nuclear Armament than us or field than us but they’re they’re going to be catching it at some point over the next four or five years and I will tell you that President Putin really liked the idea of of cutting way back on nuclear and I think the rest of the world we would have gotten them to follow and China would have come along too China also liked it tremendous amounts of money are being spent on nuclear and the destructive capability is something that we don’t even want to talk about today uh cuz you don’t want to hear it’s too depressing so we want to see if we can denuclearize and I think that’s very possible and I can tell you that President Putin wanted to do it he and I wanted to do it uh we had uh a good conversation with China they would have been involved and that would have been an unbelievable thing for the planet Mr President when you’re back here in Davos next year will there be then a peace agreement with with Ukraine and Russia by then well you’re going to have to ask Russia Ukraine is ready to to make a deal just so you understand this is a war that should have never started if I were president it would never have started this is a war that should have never ever been started and and it wasn’t started during my there was never even talk about it I knew that it was the apple of President Putin’s eye but I also knew that there was no way he was going in and he wasn’t going to go in and then uh when I was out uh bad things happened bad things were said a lot of stupidity all around and you end up with what you have now you have all these bombed out cities that look like demolition sites with many people killed I think the the thing that you’ll see about Ukraine is that far far more people have died than is being reported and I’ve seen that but far far more people have died when you look at a city that’s become a demolition site where big buildings have been collapsed by missiles hitting them and everything else uh and they say one person was slightly injured now now many people were killed those are big buildings I was surprised at how that was my business these are buildings that go two and three blocks long they’re 20 stories high they big powerful buildings and they were knocked down and there were a lot of people in those buildings that announced that two people were injured that’s not true so I think you’re going to find that there were many more people killed in Ukraine in the Ukraine war than anybody has any idea but if you look now so many of the the people being killed Are Soldiers just facing each other with guns rifles and drones the new form of warfare drones and it’s a very sad thing to see and when you see pictures of the fields that I see nobody wants to see it you’ll never be the same thank you uh very much uh Mr President on behalf of all the 3,000 participants uh here in Davos we um really really um underline that uh joining us the third day uh in your presidency live taking questions here is so appreciated and we are already ready for receiving you uh next year in person so thank you very much and uh all the best from Davos thank you thank you very much thank you [Applause] sorry I had to say that [Music] [Music] [Music] [Music] [Music]
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