During his participation in the World Economic Forum 2026 in Davos, US President Donald Trump declared that the United States is experiencing an unprecedented era of prosperity, describing what has been accomplished since his return to the presidency as an "economic miracle.".
Trump’s remarks come at a time when global markets are awaiting the direction of the new US administration, as the president asserted that his economic plans did not lead to a global recession as some had claimed, but rather attracted huge investments estimated at around $20 trillion, reflecting the confidence of global capital in the current US investment environment.
A radical shift in energy policies
In discussing energy security, Trump launched a scathing attack on traditional renewable energy policies, calling the "new green energy" initiative "the biggest scam in history," a clear reference to the exorbitant costs and inefficiencies he believes plagued such projects under the previous administration. Instead, he indicated that his administration is focusing on the tremendous opportunities in nuclear energy, as well as boosting natural gas production, which has reached record levels, and announced a reversal of the energy policies implemented by the Biden administration.
Record numbers and a showdown with the Federal Reserve
Trump reviewed economic performance indicators, explaining that US markets had reached 52 record highs since the election, with expectations that the stock market would soon double. He asserted that the economy was growing at more than double the International Monetary Fund's previous projections. In this regard, he reiterated his criticism of the Federal Reserve's policies, stating that Jerome Powell's interest rate hikes, motivated by fear of inflation, were unjustified given the economic growth, which he considers the true antidote to inflation. He emphasized that America should have the lowest interest rate among all nations.
Technological sovereignty and cryptocurrencies
The US president did not neglect the technological aspect, asserting that the United States leads the global race in artificial intelligence, surpassing China, while also warning of the need to be vigilant about its risks. In a notable move toward the digital economy, Trump expressed his desire to make the United States the "cryptocurrency capital" of the world, revealing plans to enact legislation supporting this sector, alongside executive orders preventing investment firms from monopolizing the residential housing market.
Trade relations and foreign policy
On the foreign trade front, Trump explained that his tariff policy had successfully reduced the trade deficit by 77% in a single year, denying any desire to destroy other countries' economies and asserting that his aim was to protect the American economy. He also noted the return of hundreds of factories, including car manufacturers, to operations within the United States. In a significant development in foreign policy and its economic impact, he revealed a new agreement with Venezuela, whereby Washington secured 50 million barrels of oil, which would generate substantial revenue for Caracas under its new administration.
