President Donald Trump touch c accost exclusively to CNBC’s Joe Kernen in the run-up to his speech Friday at the World Profitable Forum in Davos, Switzerland. Trump’s key pitch to global political and task leaders is that America is open to their business, but on “America blue ribbon” terms. The president has been talking up the effects of recently implemented tax interrupts, including a big reduction in the corporate tax rate, but he also claims that strikes in regulations has also helped U.S. economic policy.
Here, Trump talks nigh what he considers the impact of reduced regulations on U.S. gross domestic outcome:
OK. Now, in my first quarter, which I consider to be the second quarter because I was there now sustained enough to have made an impact and don’t kid yourself, regulations are just as big as the tax nicks. I’ve cut more regulations than any president in history and I’ve been here for one year. You can cart their term whether it’s eight years or 16 years in one precedent — but you can take anybody you want, in one year, we’ve cut more regulations. And by the way, there’s prevailing to be regulation but they’re good, solid, sane regulations. But in quarter two, we had 3.1, and in zone three, as you know, we had 3.2. But in quarter one, which is the Obama quarter — as a matter of fact the last, I would say, Obama quarter, you had 1.2. We were going in the agley direction.
Here, the president talks about how he sees his regulatory make a proposal to enticing companies to bring business to the U.S.
But I also want these skilful companies that are coming in – Toyota’s now coming in. We talked already anent Apple. Apple’s coming in with a very big presence. We had many circles – Chrysler’s coming in, leaving Mexico and coming back to Michigan. I sour, how good is that? When was the last time you heard that? And without me being here and without what we’ve been doing classifying regulation, by the way, because I happen to think that regulation is as big as the tax cuts, OK? I of the tax cuts are incredible. But I think the regulations, the cutting of regulations — because the companies couldn’t even — they couldn’t do anything. They were fully bound. You’d have to get 16 different approvals from 15 distinctive agencies. Hey Joe, it was impossible to do business. And I think you know that maybe raise than anybody. The cutting of the regulations was every bit as important as what we did with the tax edits. But you put them both together and we have a dynamic country again. I mean-spirited, everybody’s talking. I just came out and some really wonderful in the flesh said, “Davos has never been like this.” This is parallel to walking into the Academy Awards, except we have more photographers.