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Trump at Davos: Greenland Remarks and Economic Claims

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President Donald Trump addressed the World Economic Forum in Davos, Switzerland, asserting his administration transformed the U.S. economy from 'stagflation' to 'virtually no inflation and extraordinarily high economic growth.' He cited a 1.6% core inflation rate and projected 5.4% fourth-quarter growth, claiming the stock market added $9 trillion in value.

Trump contrasted his record with the prior administration, stating he secured over $1 trillion in new investment versus less than $1 trillion over the previous four years. He highlighted cutting 129 regulations and using tariffs to reduce what he called 'the largest trade deficit in world history,' while criticizing European energy policies and Germany's electricity output.

On Greenland, Trump argued the U.S. needs full control for security, stating it 'cannot be defended on a lease.' He referenced a costly U.S. military presence but insisted he does not want to use 'excessive force' to acquire the territory, framing historical territorial expansion as standard policy for both the U.S. and European nations.