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NewsTranscript
00:00well thank you very much class and hello to everyone in beautiful Davos this has been a
00:12truly historic week in the United States three days ago I took the oath of office and we began
00:19the golden age of America the recent presidential election was won by millions of votes and all
00:27seven every one of them all seven swing states it was a massive mandate from the American people like
00:34hasn't been seen in many years and some of the political pundits even some of my so-called
00:40enemies said it was the most consequential election victory in 129 years that's quite nice
00:47what the world has witnessed in the past 72 hours is nothing less than a revolution of common sense
00:53our country will soon be stronger wealthier and more united than ever before and the entire planet
00:59will be more peaceful and prosperous as a result of this incredible momentum and what we're doing
01:06and going to do my administration is acting with unprecedented speed to fix the disasters we've
01:13inherited from a totally inept group of people and to solve every single crisis facing our country
01:20this begins with confronting the economic chaos caused by the failed policies of the last
01:26administration over the past four years our government racked up eight trillion dollars in
01:32wasteful deficit spending and inflicted nation wrecking energy restrictions crippling regulations and
01:39hidden taxes like never before the result is the worst inflation crisis in modern history and sky high
01:47interest rates for our citizens and even throughout the world food prices and the price of almost every
01:54other thing known to mankind went through the roof president biden totally lost control of what was
02:01going on in our country but in particular with our high inflation economy and at our border because of
02:08these ruinous policies total government spending this year is 1.5 trillion dollars higher than was projected to
02:15occur when i left office just four years ago likewise the cost of servicing the debt is more than 230 percent
02:24higher than was projected in 2020 the inflation rate we are inheriting remains 50 percent higher than the
02:32historic target it was the highest inflation probably in the history of our country that's why from the moment i took
02:40office i've taken rapid action to reverse each and every one of these radical left policies that created
02:45this calamity in particular with immigration crime and inflation on day one i signed an executive order
02:53directing every member of my cabinet to marshal all powers at their disposal to defeat inflation and reduce the cost
03:01of daily life i imposed a federal hiring freeze a federal regulation freeze a foreign aid freeze and i created the new
03:11department of government efficiency i terminated the ridiculous and incredibly wasteful green new deal i call it the green
03:20new scam withdrew from the one-sided paris climate accord and ended the insane and costly electric vehicle mandate we're going to let
03:30people buy the car they want to buy i declared a national energy emergency and that's so important
03:37national energy emergency to unlock the liquid gold under our feet and pave the way for rapid approvals of new
03:46energy infrastructure the united states has the largest amount of oil and gas of any country on earth and we're going to use it
03:54not only will this reduce the cost of virtually all goods and services it'll make the united states a
04:00manufacturing superpower and the world capital of artificial intelligence and crypto my administration has
04:09also begun the largest deregulation campaign in history far exceeding even the record-setting efforts of my
04:17last term in total the biden administration imposed fifty thousand dollars in additional regulatory costs
04:25on the average american household over the last four years i have promised to eliminate 10 old regulations for
04:33every new regulation which will soon put many thousands of dollars back in the pockets of american families
04:40to further unleash our economy our majorities in the house and senate which we also took along with the
04:48presidency are going to pass the largest tax cut in american history including massive tax cuts for workers and family
04:56and big tax cuts for domestic producers and manufacturers and we're working with the democrats on getting an extension of the
05:04original trump tax cuts as you probably know by just reading any paper my message to every business in the world is very
05:14simple come make your product in america and we will give you among the lowest taxes of any nation on earth we're
05:22bringing them down very substantially even from the original trump tax cuts but if you don't make your product in america
05:29which is your prerogative then very simply you will have to pay a tariff differing amounts but a tariff which
05:37will direct hundreds of billions of dollars and even trillions of dollars into our treasury
05:42to strengthen our economy and pay down debt under the trump administration there will be no better place
05:49on earth to create jobs build factories or grow a company than right here in the good old usa
05:54in the good old usa we have to pay already americans economic you can see this i think maybe even in your
06:01in your wonderful wonderful room that you're all gathered together so many of my friends but americans
06:07the economic confidence is soaring like we haven't seen in many many decades maybe not at all upon my
06:14election it was just announced a small business optimism skyrocketed by 41 points in a single month that's
06:22the highest ever there's never been anything like that softbank has announced between a 100 and 200
06:29billion dollar investment in the u.s economy because of the election result and just two days ago oracle
06:35softbank and open ai announced a 500 billion dollar investment in ai infrastructure other companies
06:43likewise have announced billions and billions and billions adding up the trillions of investment in
06:51america in the united states and it's also reported today in the papers that saudi arabia will be
06:58investing at least 600 billion dollars in america but i'll be asking the crown prince who's a fantastic
07:03guy to round it out to around one trillion i think they'll do that because we've been very good to them
07:10and i'm also going to ask saudi arabia and opec to bring down the cost of oil you got to bring it down
07:16down which frankly i'm surprised they didn't do before the election that didn't show a lot of love
07:22by them not doing it i was a little surprised by that if the price came down the russia-ukraine war
07:27would end immediately right now the price is high enough that that war will continue you got to bring
07:33down the oil price you're going to end that war they should have done it long ago they're very
07:38very responsible actually to a certain extent for what's taking place millions of lives are being
07:44lost with oil prices going down i'll demand that interest rates drop immediately and likewise they
07:50should be dropping all over the world interest rates should follow us all over the progress that
07:56you're seeing is happening because of our historic victory in a recent presidential election one that has
08:03become quite well known throughout the world i think a lot of things are happening to a lot of countries
08:09they say that there's light shining all over the world since the election and even countries that
08:14we aren't particularly friendly with uh are happy because they understand what there is a future and
08:22how great the future will be under our leadership america is back and open for business and this week
08:28i'm also taking swift action to stop the invasion at our southern border they allowed people to come
08:34in at levels that nobody's ever seen before it was ridiculous i decided a and declared to just to uh to
08:42do and very very importantly a national emergency on our border immediately halted all entry of illegal
08:49border crossers of which there were many and began promptly returning the illegal trespassers back to the
08:55place from which they came that action as you've probably seen has already started very strongly i've
09:01deployed active duty u.s military and national guard troops to the border to assist in repelling the
09:09invasion it was really an invasion we will not allow our territory to be violated after four long years the
09:17united states is strong and sovereign and a beautiful nation once again it's a strong sovereign nation
09:26in addition i'm pleased to report that america is also a free nation once again on day one i signed an
09:32executive order to stop all government censorship no longer will our government label the speech of
09:38our own citizens as misinformation or disinformation which are the favorite words of censors and those who
09:46wish to stop the free exchange of ideas and frankly progress we have saved free speech in america and
09:55we've saved it strongly with another historic executive order this week i also ended the weaponization of
10:01law enforcement against the american people and frankly against politicians and restored the fair equal
10:08and impartial rule of law my administration has taken action to abolish all discriminatory diversity
10:16equity and inclusion nonsense and these are policies that were absolute nonsense throughout the
10:22the government and the private sector with the recent yet somewhat unexpected great supreme court decision
10:29just made america will once again become a merit based country you have to hear that word merit
10:38based country and i've made it official an official policy of the united states that there are only two
10:46two genders male and female and we will have no men participating in women's sports and transgender
10:55operations which became the rage will occur very rarely finally as we restore common sense in america we're
11:03moving quickly to bring back strength and peace and stability abroad i'm also going to ask all nato nations to
11:11increase defense spending to five percent of gdp which is what it should have been years ago it was only at
11:18two percent and most nations didn't pay until i came along i insisted that they pay and they did
11:24because the united states was really paying the difference at that time and it was unfair to the united
11:30states but many many things have been unfair for many years to the united states before even taking office my
11:37team negotiated a ceasefire agreement in the middle east which wouldn't have happened without us as i think
11:44most of the people in the room now earlier this week the hostages began to return to their families
11:51they are returning and it's a beautiful sight and they'll be coming in more and more they started
11:56coming back on sunday our efforts to secure a peace settlement between russia and ukraine are
12:02now hopefully underway it's so important to get that done that is an absolute killing field uh millions
12:09of soldiers are being killed nobody's seen anything like it since world war ii they're laying dead all
12:16over the flat fields it's a flat field farmland and there's millions of russians and millions of
12:22ukrainians nobody's seen anything like it since world war ii it's time to end it and here in america we
12:29have big events coming up next year we have the 250th anniversary of america's founding i'm so honored
12:37to be president during that that's been a big event they've been talking about it for 10 years
12:42we also have the world cup and i understand gianni gianni's in the room infantino he was very
12:50instrumental in helping us get it he's there with you someplace i think and i want to thank him for that
12:56and then we have the olympics coming up which i was instrumental in getting also in my first term and
13:03who would have known that by skipping a term i would get the olympics i was upset i said you know
13:08i got the olympics to come and i won't be president but it turned out through a stroke of luck or whatever
13:13you might call it that i'm going to be president during the world cup and the olympics and the 250th
13:20anniversary so that's going to be three big events and we've accomplished more in less than four days
13:26we have really been working four days than other administrations have accomplished in four years
13:32and we're just getting started it's really an amazing thing to see in the spirit and the light over
13:38our country has been incredible under the last administration our nation has suffered greatly
13:44but we're going to bring it back and make it greater bigger stronger better than ever before
13:51i want to thank everybody for being with you i would have been there myself except the inauguration was
13:56two days ago i thought it might be a little bit quick to make it the first stop but we'll get there
14:01one day we hope to get there but i i do appreciate i heard the audience is fantastic and many of my
14:07friends are in the audience and i will be taking questions now from some very distinguished people
14:13thank you all very much thank you thank you very much uh mr president for that very powerful speech
14:24and i think you could hear the applause all the way from davos to the white house but next year it will
14:30be even better because then you can get the applause here in davos so we wish you welcome to our village
14:36next year we hope to see you thank you very much so we also know mr president uh that you open up for
14:45interaction here we have a great panel with some of the most distinguished business people in the world
14:51let me start uh with someone that you know really well that i think is almost a neighbor of you in
14:58malara in florida um mr steve uh schwarzman chairman ceo and co-founder blackstone group so uh steve floor is
15:10yours well mr president hello i'm sure the crown prince of saudi arabia will be really glad you gave this
15:20speech today i hope so you've had the busiest four days that anybody can imagine uh and congratulations for
15:36that uh and uh my question uh is is about some of the things i've observed here at davos uh it's a terrific
15:48forum uh i've met lots of people uh as usual i think i've been here 30 years uh and a lot of the european
15:58business people i have expressed enormous frustration with the regulatory regime uh in the eu
16:09uh and they attribute slower growth rates here because of the numerous factors but especially because of
16:19regulations uh and you've taken a completely different approach in this area uh and if you could explain
16:31the theory of what you're doing uh how you're going to do it uh and what you expect the outcome to be
16:40uh i'd appreciate it well thank you very much and congratulations steve you're a friend of mine but
16:47on a great career you have had an amazing career and continues i just want to congratulate you very
16:52very inspirational to a lot of people uh i want to talk about the eu because you mentioned specifically
16:59that i have also had a lot of friends and leaders of countries i've gotten to know them all my first
17:04term and a little bit during this period of four years and know them well like them a lot but they're
17:11very frustrated because of uh the time everything seems to take to get approved environmental impact
17:18statements for things that you shouldn't even have to do that and many many other ways that it takes
17:24and i'm going to give you a quick little example i in the private life my beautiful private life
17:29before i had all these things happening the world is a little different i had a nice simple life you knew
17:34that but uh when i had that simple life i did projects and i had a big project in ireland
17:41and it had to get approval on something that would have made it even better and i got the approval
17:49from ireland in a period of a week and it was a very very very efficient good approval and they informed
17:57me though the problem is you're going to have to get it from the eu and we think that'll take five
18:01to six years and i said you have to be kidding and this was before politics and i said wait a minute
18:10it's not that important i don't want to go five or six years but it would have been a big investment
18:14it would have been nice and it would have been good for the project and i sent the people to the eu
18:20to see if they could speed it up and basically it was a five or six year wait just to get a simple
18:25approval that ireland gave me in a period of literally not much more than a week and i realized right then
18:32that was the first time i really was involved with the eu but i realized right then that's a problem
18:39and i didn't even bother applying to do it and or if i did i pulled it very quickly i don't i have
18:46to be very accurate because i don't want to be criticized he did apply actually now i want to be
18:52very accurate so uh i don't think i did but if i did i pulled it very quickly it was just something
18:57you couldn't wait five years or six years to get an approval so a lot of uh in a very big business
19:04sense a lot of people are claiming that's the problem from the standpoint of america
19:09the uh eu treats us very very unfairly very badly uh they have a large tax that we know about
19:19and a vat tax and it's a very substantial one uh they don't take our essentially don't take our farm
19:26products and they don't take our cars yet they send cars to us by the millions uh they put tariffs on
19:34things that we want to do like for instance i think they actually uh in terms of these are non
19:41economic or non-monetary tariffs and those are very bad and they make it very difficult to bring
19:48products into europe and yet they expect to be selling and they do sell their products in the
19:53united states so we have you know hundreds of billions of dollars of deficits with the eu
19:58and nobody's happy with it and we're going to do something about it but nobody's happy with it so
20:03i think the eu has to speed up their process uh friends of mine that are in uh some of the
20:09nations within the eu great people they they want to be able to compete better and you can't compete
20:16when you can't get go through the approval process fast there's no reason why it can't go faster so
20:22you know i'm i'm i'm trying to be constructive because i love europe i love the countries of europe but
20:29the process is a very cumbersome one and the and they do treat the united states of america very very
20:37unfairly with the vat taxes and all of the other taxes they impose one other just to finish up i got
20:44a call from the head of a major airline one of the biggest airlines in the world and he said sir
20:51could you help us what landing in europe is brutal they charge us fees for everything and it's so unfair
20:58i said how does it compare to china he said it's it's much worse and uh the other thing as you know they
21:06took uh court cases with apple and they supposedly won a case that most people didn't think was much of
21:15a case they won 15 or 16 billion from apple they won billions from google i think they're after
21:22facebook for billions and billions these are american companies whether you like them or not
21:26they're american companies and they shouldn't be doing that and that's as far as i'm concerned it's a
21:32form of taxation so we have some very big complaints with the eu thank you
21:38thank you thank you very much mr president we'll now uh go to one of your friends uh in the eu uh patrick
21:51he's the chairman ceo of total energies i guess you have a question ready patrick for the president
22:01mr president as we understand energy is at the top of your agenda and it's an honor for me to represent
22:08the energy industry tonight in this panel total energies is indeed the fourth largest oil and gas
22:13and electricity company in the world i will not ask you a question about the oil price it's quite
22:19clear what you expect from us i will more go to gas more and uh we our company is uh the largest number
22:27one exporter lng from the u.s uh company uh we are a strong contributor to and we invest in uh
22:38mammoth lng projects in texas 20 billion dollars it's far from 200 but it's 20 billion dollars and
22:45we contribute with that to security of supply to europe as we export this energy to europe
22:52some experts a fear that if there are too many projects developed in the us on lng this could have
22:59an inflation inflationary impact on the u.s domestic gas price and they recommend a pause
23:06on these projects i would ask you the following question what are your views on about such a pause
23:13on investments on lng in the u.s what would happen if you would observe an increased domestic gas price
23:21because of its exports and final question which is important for europe would you agree to guarantee
23:29security of supplies of us lng to europe well in the last part of your question yes i would i would
23:37make sure that you get it if we make a deal we make a deal you'll get it because a lot of people do have
23:42that problem they make a deal and then it can't get supplied because of uh war type problems and other
23:47problems so we would absolutely do that uh lng is very interesting because when i took office for the
23:54first term one of the first things i looked at was two there were two very massive plants in louisiana
24:01state that has been very good to me wanted by many many points and uh i felt strongly indebted to it
24:08actually and they said there are two plants that have been under environmental consideration for more
24:13than 10 years and they were costing as you say you know how expensive those plants are but they were
24:19costing like 12 billion and i think 14 or 15 billion but they couldn't get their permits it was they were
24:26in review for years many many years like a decade or more and i said so ridiculous i know so much about
24:35that because in the construction industry i had to go through it too but i got good at it after a while
24:41but i i went i saw the uh projects and you're talking about a total investment of uh 25 to 30 billion
24:48dollars and it looked like it was going to end they couldn't get their permits and i got them done in
24:54less than a week it was done completed in fact when they called them to announce that
24:59it was done the countries largely countries japan was involved and another country and some very big
25:07investors they couldn't believe it they actually couldn't believe it and i said just do yourself one
25:12favor don't pay any consultants because the only one that got it done was me i got it done because it
25:17was the right thing to do for the us and for the world but the consultants had nothing to do with
25:22it you know the consultants go in and they say give us millions of dollars because trump did it nobody
25:27called me about it i just heard it was a problem for years and i got it done because it was the right
25:31thing to do for the us and the right thing to do for beyond it had to do with energy very important
25:37so i think it's very important i i think the the you know i disagree with one i think the more that you
25:42do the lower the price is going to go and what i'd like to see is uh rapid approvals we're going to
25:48give very rapid approvals in the united states like with the ai plants talking to many people want
25:54to build them uh that's going to be a very big thing uh we're going to build electric uh generating
26:01facilities they are going to build i'm going to get them the approval under emergency declaration i can
26:06get the approvals done myself without having to go through years of waiting and the big problem is
26:12we need double the energy we currently have in the united states can you imagine for ai to really be
26:18as big as we want to have it because it's a very competitive it'll be very competitive with china
26:24and others so i'm going to give emergency declarations so that they can start building them almost
26:29immediately and i'm i'm i think it was largely my idea because nobody thought this was possible it
26:35wasn't that they were not smart because they're the smartest but i told them that what i want you
26:41to do is build your electric generating plant right next to your plant as a separate building connected
26:47and they said wow you're kidding and i said no no i'm not kidding you don't have to hook into the grid
26:53which is old and you know could be taken out if it's taken out they wouldn't have any
26:58any way to get uh any electricity so uh we are going to allow them to go on a very rapid base basis
27:08to build their plant build the electric generating plant they can fuel it with anything they want and
27:14they may have coal as a backup good clean coal you know if there were a problem with a with a pipe coming
27:21in as an example you're going with gas oil and gas and a pipe gets blown up or for some reason doesn't
27:27work there are some companies in the u.s that have coal sitting right by the plant so that if there's
27:36an emergency they can go to that short-term basis and use our very clean coal so that's something else
27:43that a lot of people didn't even know about but nothing can destroy coal not the weather not a bomb
27:49nothing it might make it a little smaller might make it a little different shape but coal is very
27:56strong as a backup it's a great backup to have that facility and it wouldn't cost much more more money
28:02and we have more coal than anybody we also have more oil and gas than anybody so uh we're going to
28:07make it so that the plants will have their own electric generating facilities attached right to their
28:13plant they don't have to worry about a utility they don't have to worry about anything and we're going
28:17to get very rapid approvals thank you thank you so much mr president we'll now i'll go to another ceo
28:26that you know uh very well brian monon uh the ceo and chair of bank of america good afternoon mr
28:35president and congratulations and obviously eventful week for you and your family if you remember five
28:41years ago you came here and we walked among 150 ceos from all over the world and you engaged with them
28:47about your policies and your procedures uh this year you're not here and yet this week was eventful
28:53from the orders that you mentioned earlier literally a wave of orders coming out on immigration
28:58on uh trade and many other matters and so as a representative of the united states here
29:05we got a lot of questions about what does all this mean and how would the president square this with
29:10is clear focus on growth prosperity market growth stock market growth a good bond market and bringing
29:18down prices so how do you think about the impact of all these orders and how fast they come out
29:23and how you're going to balance them with that scorecard of being successful in both
29:28continuing gdp growth bringing down inflation and also having a good stock price appreciation for
29:33the american citizen well i think it's going to actually bring down inflation it's going to bring up
29:38jobs we're going to have a lot of jobs we're going to have a lot of companies moving and you know brian
29:42we're at 21 it was at 40 and i got it down to 21 the corporate tax and it was actually if you look
29:50at state and city it was in many cases much higher than 40 i got it down to 21 and now we're going to
29:56bring it down from 21 to 15 if there's a big if if you make your product in the u.s so we're going to have
30:03the lowest just about the lowest rate it'll be the 21 is on the low side worldwide the 15 is about as
30:10low as it gets and by far the lowest of a large country a large you know rich powerful country by
30:16far not even a contest so we're going to bring it down to 15 if you make your product in the usa so
30:23that's going to create a a tremendous buzz we're also probably going back to the one-year deduction
30:29where we uh deduct you know we we did that originally and that was amazing what the impact
30:35that that had the one year deduction which built up over a period of time and then it expires
30:41uh but we're going to go back to that when we do the renewal of the trump tax plan we have to get
30:47democrats to approve it but you know if uh the democrats didn't approve it i don't know how they
30:52can survive with about a 45 tax increase because that's what it would be and uh so i think they're
30:58going to be we've been working along with them pretty well i think it's very hard for a political
31:03group to say let's charge people 45 percent more so i think we're in good shape but we're actually
31:08doing a reduction for business and small businesses where you're going to be bring it down to 15
31:14which is really uh something and by the way speaking of you and you've done a fantastic job but
31:21i hope you start opening your bank to conservatives because many conservatives complain that the banks are
31:27not allowing them to do business within the bank and that included a place called bank of america
31:32this conservative they don't take conservative business and i don't know if the regulators mandated
31:37that because of biden or what but you and jamie and everybody i hope you're going to open your
31:42banks to conservatives because what you're doing is wrong mr president i'll say that uh your friend
31:50jianni was said hello told me to tell you hello and we look forward to uh sponsoring the world cup when it
31:56comes both this summer for the club and next year so thank you for getting that for the united states
32:01thank you very much brian thank you mr president we'll now go to anna butin uh she's the executive
32:09chairman of banco santander uh one of the big european banks um and also in the u.s so anna
32:17mr president congratulations on a historic victory thank you i believe you don't know me as well as my
32:24fellow panelists so a few words santander is one of the largest banks in the world by number of
32:29customers 170 million that's more than my friend brian or my friend jamie have wow and those
32:42they fix the regulations that's coming that's coming that was cheeky
32:47uh we are we're a big investor in the united states we have many million customers 12 000 employees
32:54we're one of the largest auto lenders and we recently launched a fully digital bank called open bank
33:01we strongly believe banks have a pivotal role in the economy and we can accelerate growth and help many
33:08more customers that's what we're doing the united states so as brian pointed out we very much welcome
33:15your focus on deregulation and reducing bureaucracy so my question is what are your priorities in this
33:23regard and how fast is this going to happen thank you very much i think it's going to thank you and
33:29congratulations i know very much about your bank and you've done a fantastic job congratulations
33:36we are going to move very quickly we've moved very quickly we've done things in the last three days
33:42that nobody thought were possible to do in years and uh it's all taken it's all taking effect it's
33:49going to have a huge impact on the economy a huge positive impact money was being wasted on uh crazy
33:55things i mean the green new deal was such a total disgrace uh what what how that was perpetrated and it
34:02was conceived of by people that were average students less than average students i might add
34:08and never even took a course in energy or the environment it was just a game remember the world
34:15was going to end in 12 years remember that well the 12 years has come and gone it was going to end it was
34:20going to all foam into earth uh but you know the time has come these people and they they really uh
34:29they really scared the democrats large i can't say the republicans republicans maybe could have fought
34:36harder to stop it but it's been a tremendous waste of a tremendous waste of money you know during my
34:42four years we had the cleanest air we had the cleanest water and yet we had the most productive
34:46economy in the history of our country we had the most productive economy until covet came we had the most
34:53productive in the history of our country by far and uh and and actually you could look worldwide we
34:59were we were beating everybody from china to everybody else so and we think we really now
35:06with what we have learned and all of the uh other things that have taken place we think we can even
35:13far surpass that actually far far surpass it but we do one thing we're going to be demanding is we're
35:19going to be demanding respect from other nations uh canada we have a tremendous deficit with canada we're
35:26not going to have that anymore we can't do it it's it's i don't know if it's good for them
35:30uh as you probably know i say you can always become a state and if you're a state we won't have a
35:36deficit we won't have to tariff you etc etc but canada has been very tough to deal with over the
35:42years and it's not fair that we should have a 200 billion or 250 billion dollar deficit we don't need
35:49them to make our cars and they make a lot of them we don't need their lumber because we have our own
35:53forests etc etc we don't need their oil and gas we have our we have more than anybody so uh you know
36:00just as an example uh with mexico we're dealing with mexico i think very well and uh we're just
36:07you know we just want to be treated fairly with other nations because there's hardly a nation
36:14in the world and i blame this on us and i blame it on uh politicians that for some reason i'm probably
36:21mostly it's stupidity but you could also say uh other reasons but mostly stupidity they've allowed
36:27other nations to take advantage of the us and we can't allow that to happen anymore you know we have
36:33debt it's a very small debt when you compare it to value the value of the assets that we have but
36:39we don't want to do that we want to just have uh debt be obliterated and we'll be able to do that
36:45fairly rapidly and a lot of good things are going to happen and and honestly good things are going to
36:51happen for the world and good things are going to happen for the people that are dealing with us
36:56allies and beyond allies one thing very important i really would like to be able to
37:01meet with president putin soon and get that war ended and and that's not from the standpoint of
37:07economy or anything else it's from the standpoint of millions of lives are being wasted beautiful young
37:13people are being shot in the battlefield you know the bullet very flat land as i said and the bullet
37:20goes there's no there's no hiding and a bullet the only thing going to stop the bullet is a human body
37:27and you have to see i've seen pictures of what's taken place it's a carnage and we really have to
37:33stop that war that war is horrible and i'm not talking economy i'm not talking economics i'm not
37:38talking about natural resource i'm just talking about there's so many young people being killed in this war
37:45and that's not including the people that have been killed as the cities are being you know knocked
37:50down building by building so we really should get that stopped likewise in the middle east
37:56i think we've made a lot of progress in the middle east and i think that's going to that's going to
38:01come along pretty well thank you very much thank you mr president we know that uh most consequential
38:09relationship in the world is between the u.s and china u.s 28 of the global economy china close to 20
38:17that's almost half of the global gdp and we know that uh you called uh president xi xinping last friday
38:26we heard that you had a good discussion how do you see the relationship between the u.s and china in the
38:32next four years under your leadership he called me but i see it very good i think that we're going to
38:42have a very good relationship all we want is fairness we just want a level playing field we don't
38:47want to take advantage we've been having massive deficits with china biden allowed it to get out of
38:54hand he's 1.1 trillion dollar deficits ridiculous and it's just an unfair relationship and we have to
39:02make it just fair we don't have to make it phenomenal we have to make it a fair relationship right now it's
39:07not a fair relationship the deficit is massive as it is with other countries a lot of asian countries
39:14actually but we have deficits that are very big and we can't keep doing that so we're not going to
39:20keep doing that but uh i like president xi very much i've always liked him we always had a very good
39:25relationship it was very strained with covid coming out of wuhan uh obviously that strained it i'm sure
39:32it strained it with a lot of people but uh that strained our relationship but we always had a great
39:38relationship i would say and we look forward to doing very well with china and getting along with china
39:44uh hopefully china can help us stop the war with in particular russia ukraine and they have a great
39:50deal of power over that situation and uh we'll work with them and i mentioned that with the during our
39:56phone conversation with president xi and hopefully we could work together and get that stopped uh we'd
40:03like to see denuclearization in fact with president putin prior to a an election result which was frankly
40:10ridiculous uh we were talking about denuclearization of our two countries and china would have come
40:17along china has uh a much smaller right now nuclear armament than us or field than us but they're they're
40:26going to be catching it at some point over the next four or five years and i will tell you that
40:32president putin really liked the idea of of cutting way back on nuclear and i think the rest of the
40:39the world we would have gotten them to follow and china would have come along too china also liked it
40:44tremendous amounts of money are being spent on nuclear and the destructive capability is something
40:50that we don't even want to talk about today uh because you don't want to hear it's too depressing
40:55so we want to see if we can denuclearize and i think that's very possible and i can tell you that
41:02president putin wanted to do it he and i wanted to do it uh we had uh a good conversation with
41:08china they would have been involved and that would have been an unbelievable thing for the planet
41:16and i hope it can be back here in davos next year will there be then a peace agreement with ukraine
41:24and russia by then well you're going to have to ask russia ukraine is ready to to make a deal just so
41:31you understand this is a war that should have never started if i were president it would never have
41:35started this is a war that should have never ever been started and and it wasn't started during my
41:41there was never even talk about it i knew that it was the apple of president putin's eye but i also
41:47knew that there was no way he was going in and he wasn't going to go in and then uh when i was out uh
41:55bad things happened bad things were said a lot of stupidity all around and you end up with what you
42:02have now you have all these bombed out cities they look like demolition sites with many people killed
42:07i think the the thing that you'll see about ukraine is that far far more people have died than is being
42:13reported and i've seen that but far far more people have died when you look at a city that's become a
42:20demolition site where big buildings have been collapsed by missiles hitting them and everything else
42:26uh and they say one person was slightly injured no no many people were killed those are big buildings i
42:33was surprised at how that was my business these are buildings that go two and three blocks long they're
42:3920 stories high they're big powerful buildings and they were knocked down and there were a lot of
42:44people in those buildings that announced that two people were injured that's not true so i think you're
42:49going to find that there were many more people killed in ukraine in the ukraine war than anybody has any
42:54idea but if you look now so many of the the people being killed are soldiers uh just facing each other
43:01with guns rifles and drones the new form of warfare drones and it's a very sad thing to see and when
43:08you see pictures of the fields that i see nobody wants to see it you'll never be the same
43:24so
43:31so
43:33you
43:33so
43:34so
43:36so
43:38so
43:40so
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