Trump openly criticized the diversity, equity, and inclusion initiatives championed by the WEF.
WASHINGTON—President Donald Trump delivered an “America First” speech on Thursday to global elites at this year’s Davos summit in Switzerland, declaring, “America is back and open for business.”
Speaking virtually at the World Economic Forum (WEF), Trump urged global business leaders to invest in the United States, warning them of tariffs if they don’t.
Just days after taking office, Trump signed a series of executive orders aimed at tackling inflation, reducing crime, and securing the southern border.
“My message to every business in the world is very simple: Come make your product in America,” Trump told global business and political leaders.
He went on to promise that his administration would offer some of the lowest taxes in the world, with significant reductions to corporations.
“But if you don’t make your product in America—which is your prerogative—then very simply you will have to pay a tariff,” he said, adding that these tariffs could add up to trillions of dollars for the U.S. Treasury.
Executives, bankers, and policymakers have gathered in the Alpine ski village for the 55th annual WEF meeting, running from Jan. 20 to 24. Since Trump’s inauguration, many of these leaders have been closely monitoring his actions.
During his address, Trump also openly criticized the “diversity, equity, and inclusion” (DEI) and “net-zero” initiatives championed by the WEF.
“My administration has taken action to abolish all discriminatory diversity, equity, and inclusion nonsense,” Trump told the Davos summit.
“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.”
He also expressed concerns about NATO’s heavy dependence on the United States, urging member nations to increase their contributions to defense spending to 5 percent of GDP, an idea he has advocated for a long time.
During the Q&A session, Trump also criticized the European Union for not treating American companies, such as Google, Apple, and META, fairly, pointing to the recent penalties these companies have been forced to pay.
By Emel Akan
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