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Today, all eyes are on US President Donald Trump’s speech at the World Economic Forum (Davos Forum). This is because Trump’s increased insistence on the Greenland issue and his steps toward a new tariff war with the EU have thrown global markets into turmoil.
Trump’s highly anticipated speech, closely watched by the markets, has begun.
According to news source Walter Bloomberg, a senior White House official stated that Trump’s speech at the Davos Forum would focus on the theme of “America First.” The official added that Trump might also touch upon the issues of “Greenland” and “Venezuela” in his speech.
Here are some highlights from Donald Trump’s speech:
- “I came to this year’s World Economic Forum with some truly extraordinary news from America.”
- It’s great to be in Davos.
- Yesterday was the first anniversary of my taking office, and today, 12 months after returning to the White House, our economy is booming, growth is accelerating, productivity is increasing, investment is rising, and incomes are rising.
- The US has succeeded in reducing inflation and has defeated inflation.
- Europe is not heading in a good direction.”
Trump said that he wouldn’t normally talk about Greenland, but when asked about the subject, he stated the following:
- “I have great respect for the people of Greenland and Denmark. We saved the people of Greenland and Denmark.”
- But after World War II, we gave Greenland back to Denmark. We made a mistake.
- It is located in a very strategic position between the US and China. It wasn’t very important back then, but now Greenland holds a significant position.
- We need Greenland for strategic national security and international security. Greenland is US territory.
- No country other than the United States can keep Greenland safe.
- I will negotiate with the US to acquire Greenland.
Bitcoin (BTC), which had fallen below $89,000 to levels around $88,500 before Trump’s speech, rose back above $89,000 during the speech.
*This is not investment advice.