During a speech to the World Economic Forum on Thursday, President Donald Trump said his administration was ushering in a “revolution of common sense.”
Trump, who appeared virtually, slammed the Biden administration during his speech and listed off a number of the executive orders he has made on energy, spending, and the economy. During his appearance, Trump urged Saudi Arabia to lower the price of oil and promised businesses that make their products in the U.S. would benefit from low taxes.
“What the world has witnessed in the past 72 hours is nothing less than a revolution of common sense,” Trump said. “Our country will soon be stronger, wealthier, and more united than ever before and the entire planet will be more peaceful and prosperous as a result of this incredible momentum.”
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During the speech, Trump criticized Biden’s handling of the economy and the border, citing $8 trillion in “wasteful deficit spending,” “crippling regulations,” and record-high inflation during the Biden administration.
“My administration is acting with unprecedented speed to fix the disasters we’ve inherited from a totally inept group of people, and to solve every single crisis facing our country. This begins with confronting the economic chaos caused by the failed policies of the last administration,” he said.
“President Biden totally lost control of what was going on in our country, but, in particular, with our high inflation economy and at our border,” Trump added.
“From the moment I took office, I’ve taken rapid action to reverse each and every one of these Radical Left policies that created this calamity. In particular, with immigration, crime, and inflation,” he said.
This action included enacting a federal hiring freeze, a freeze on regulation, a pause on foreign aid, creating the Department of Government Efficiency, withdrawing from the Paris Climate Accords, ending Biden’s electric vehicle mandate, and declaring a national energy emergency.
Trump also promised that countries that make their products in America would benefit from low corporate taxes.
“My message to every business in the world is very simple: come make your product in America and we will give you among the lowest taxes of any nation on earth,” Trump said. “But if you don’t make your product in America, which is your prerogative, then very simply, you will have to pay a tariff.”
