Trump Speaks to World Economic Forum

President Donald Trump made virtual remarks at the World Economic Forum in Davos, Switzerland, discussing the U.S. budget, inflation, and trade with the European Union, and saying America is “open for business”. 

The Details: In the roughly 45-minute speech, Trump covered a wide range of topics. He called Biden's economic spending “ruinous,” said debt and inflation are too high, and discussed the U.S. relationship with other world powers. Specifically, he claimed that the E.U. has made it difficult to trade and encouraged production in the U.S. Furthermore, Trump claimed interest rates will “drop immediately” and increase U.S. oil exports. 

Key Quotes: During the speech, Trump said “With oil prices going down, I’ll demand that interest rates drop immediately. And likewise, they should be dropping all over the world,” and that “We have, you know, hundreds of billions of dollars of deficits with the E.U. and nobody's happy with it.”

How the Media Covered It: The Washington Post (Lean Left bias) fact checked Trump’s claims, reporting many of them were misleading and lacking context. Reuters (Center) focused on Trump’s relationship with the E.U. and his focus on deregulation. The New York Post (Lean Right) reported on Trump's intention to boost U.S. business and actions he will directly take to potentially benefit the economy.