US President Donald Trump delivered a triumphant address at the World Economic Forum in Davos 2026, declaring what he termed an "economic miracle" in America. Speaking to assembled business and political leaders, Trump claimed his administration had transformed the US economy within one year of returning to office, delivering zero inflation alongside extraordinary growth rates.
Economic Performance Claims
Trump opened his speech with "phenomenal news," asserting that his policies had crushed inflation, turbocharged growth, and revived American manufacturing. He contrasted current conditions with what he described as "stagflation" under the previous Biden administration, claiming the US economy would grow at double the rate predicted by the International Monetary Fund.
| Economic Metric |
Trump's Claims |
| Americans removed from food stamps |
1.4 million |
| Investment commitments secured |
$18 trillion (potentially $20 trillion) |
| Trade deficit reduction |
77% in single month |
| Factory construction increase |
41% |
| Federal bureaucrats removed |
270,000 |
| Federal spending cuts |
$100 billion |
Policy Implementation and Tax Reforms
The President highlighted his administration's legislative achievements, particularly citing July's agenda that delivered what he called the "largest tax cuts" in US history. These reforms included eliminating taxes on tips and social security benefits, representing a significant shift in federal tax policy.
Trump emphasized his regulatory approach, stating the administration had eliminated 129 regulations for every new regulation approved. He defended his economic strategy combining tax cuts with higher tariffs, arguing this dual approach had proven experts wrong who predicted recession and inflation.
Energy and Trade Policy
Defending his energy policy pivot, Trump said the US was opening new energy plants while rejecting wind power approvals and prioritizing domestic energy production. On trade, he claimed Washington had concluded "historic trade deals" covering more than 40% of US trade, contributing to the reported dramatic reduction in trade deficits.
Criticism of European Economic Direction
Turning his attention to Europe, Trump struck a critical tone, stating "certain places in Europe are not even recognisable anymore — in a negative way." While expressing desire for European success, he argued the continent was "not heading in the right direction," specifically criticizing heavy government spending and mass migration as flawed economic strategies.
Davos Engagement
Trump's address occurred during a series of bilateral meetings with world leaders attending the five-day Davos summit in Switzerland. His speech positioned the United States as the world's economic engine, arguing that when America booms, the global economy follows suit.
20
