DAVOS, Switzerland — In a speech characterized by triumphant economic figures and stark geopolitical ultimatums, President Donald Trump addressed the World Economic Forum (WEF) this week, marking the one-year anniversary of his return to the White House.1
Speaking to the global elite in Davos, the President presented a report card of his second term that blended traditional deregulation with aggressive, non-traditional populist interventions. From demanding the purchase of Greenland to announcing caps on credit card interest rates, the address outlined a “Trump Doctrine” 2.0 that is intensely transactional and squarely focused on American supremacy.
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The “Economic Miracle” and Energy Dominance
President Trump opened his address by declaring the U.S. economy had staged a complete turnaround from the “stagflation” of the previous administration. He touted a 5.4% GDP growth rate and an inflation rate that has plummeted to 1.6%, figures he claimed have resulted in 52 all-time stock market highs in just 12 months .
Central to this growth, he argued, was a complete rejection of the “Green New Scam.”3 The President asserted that by embracing oil, gas, and nuclear energy, the U.S. has avoided the deindustrialization facing Europe. He specifically linked energy policy to the tech sector, noting that the U.S. is “leading the world in AI” because his administration allowed tech giants to build the massive power plants required to fuel artificial intelligence—infrastructure he claimed environmental regulations would have previously blocked.
The Greenland Ultimatum
In the most explosive moment of the speech, President Trump explicitly demanded the transfer of Greenland from Danish to American control.4 Framing the acquisition as a non-negotiable national security imperative to counter Chinese and Russian influence in the Arctic, he issued a thinly veiled warning to America’s NATO ally.
“You can say yes… or you can say no and we will remember,” Trump warned, stating that the U.S. requires “right, title, and ownership” of the territory to build a “Golden Dome” defense system [00:30:18].5 He argued that Denmark lacks the capacity to defend the strategic island, positioning the U.S. as the only viable protector of the Western hemisphere’s northern flank.6
“Peace Through Strength” in the Middle East
Turning to foreign policy, the President claimed to have achieved a breakthrough in the Middle East not through diplomacy, but through overwhelming military force. He described the “total obliteration” of key Iranian nuclear sites by B-2 bombers as the catalyst that brought adversaries to the negotiating table [01:33:38].
“We wiped out the Iran nuclear threat,” Trump stated, asserting that this show of force has led to a historic realignment in the region, with Arab nations and Israel forming a solidified security architecture under U.S. guarantees. On the war in Ukraine, he struck a different tone, describing the conflict as a “bloodbath” and confirming he would meet with President Zelenskyy later that day to finalize a peace deal [01:41:49].
Domestic Populism: Housing and Debt
Perhaps the most surprising aspect of the speech was Trump’s pivot toward economic interventionism to aid the American middle class. Departing from free-market orthodoxy, he announced an executive order banning “large institutional investors” from purchasing single-family homes, a move aimed at stopping Wall Street firms from outbidding families [00:54:07].7
Furthermore, he called on Congress to pass a temporary 10% cap on credit card interest rates, declaring that “we are going to get people out of debt” [00:54:49]. These measures, combined with a claimed 90% reduction in drug prices achieved by threatening European pharmaceutical companies with tariffs [00:47:37], signal a shift toward a more populist economic agenda.
A Transformed Nation
The President concluded by painting a picture of a transformed American society, citing “reverse migration” policies that have led to the mass deportation of criminals and a restoration of order in cities like Washington D.C. [01:07:34].
As the global elite digest the implications of a U.S. administration that is simultaneously deregulating industry while capping interest rates, and strengthening NATO while demanding territory from allies, one thing remains clear: the “America First” agenda has returned to the world stage with renewed intensity.
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