ohio state highway patrol has released the body cam video of the arrest of these four men from chile, illegals and they found an lsu hat and bengals hat. >> dana: the guy is wearing it. >> there is a louie vitton bag there, too. >> dana: they said they were going to florida and going the wrong way. >> bill: they wanted to see the snow. they're suspected to being connected to the robbery of burrow's house. >> dana: they could appear on her one more thing going on stupid criminals. they are suspects. alleged. a lot to come today and more on "the five." president trump is busy today and we'll cover it then. harris faulkner and "the faulkner focus" is next. >> harris: breaking news at any moment president trump will

speak from the white house via remote to global leaders around the world at the world economic forum in davos, switzerland. the first time trump addresses an international audience since returning to office. i'm harris faulkner and you are in "the faulkner focus." the president's speech comes after he announced plans to impose a 25% tariff on products from canada and mexico and a 10% tariff on products from china beginning february 1st. j.p. morgan chase chief jamie dimon. >> i look at tariffs. they're an economic tool. that's it. an economic weapon. depending how and why you use it and stuff like that. people argue is it inflationary or non-inflationary? put it in perspective. if it is little inflationary but good for national security so be it. get over it. >> harris: mark meredith is reporting outside the white

house. >> i sure am. good morning. trump advisor says globalists are not likely to enjoy the speech that president trump is about to give before the economic summit in switzerland expecting to hit a number of key points on the campaign trail on the america first agenda. we've seen him shake up so many things with the executive orders issued throughout the week and more orders coming this afternoon, harris. however, the biggest changes have been how trump is trying to reshape some of the federal bureaucracy itself push than out some federal workers focused on diversity and people returning to offices. trump told fox major changes had to be made. >> president trump: with time, effort, money unfortunately, but they are all solvable. we can get our country back but if we didn't win this race i really believe our country would have been lost forever. >> fox poll taken last month shows a third of people support ending programs tied to d.e.i.

most people want the government focused on lowering prices. democrats saying that's the message that they say trump is missing the point. >> so much focused on -- pardoning lawless rioters is not what the american people signed up for voting for donald trump. they wanted to get -- they wanted the president to get to work quickly on issues that impact them, costs, safety, healthcare. >> when it comes to cost trump has declared an energy emergency. cutting red tape costs will come down on see if the defense production act could help boost some of the energy output. he has had his first call with a foreign leader, the crown prince of saudi arabian. they're willing to invest more money into the united states through new investment. we're looking for more of a read-out how the call went and harris, there is another call on

the books today. president trump set to speak with the leader of el salvador. >> harris: that big call that is being delivered via remote by president trump from the white house that you've been talking about that we led this hour with. great reporting as always, mark, thank you. the president is getting ready to come up and before i let you walk away, because we're about to take this now, this is different in a sense. he is due to go to north carolina and california where people have suffered from storms and fires and so on and so forth. that happens tomorrow. going to davos, switzerland today would be difficult, i would imagine. he is doing it via remote for all the reasons you talked about, the jamie dimon talked about. the national security with those tariffs. really and he used the word trumping anything else right now. he said a little bit of inflation to make us all saver. what else are you hearing about the remarks that could be coming up? >> we expect that he will talk a

lot about he believes the united states has been doing more than its fair share when it comes to contributing to the global economy as well as global security. there will be some of the same comments we've heard from some of his cabinet nominees doing their testifying on the hill about how they would basically roll out the economic agenda but as we look live there from davos, switzerland, you see members of the world economic forum getting ready to introduce president trump and happening virtually from here from the white house complex. he will go to california and north carolina tomorrow where he is expected oh focus on the two natural disasters. the kind of programs he can see pushed forward through congress. how quickly, whether legislation like that could happen in one big chunk. the folks in both states are suffering so much. a lot of desire from both sides of the aisle to get relief there as quickly as possible. >> dana: it becomes a national security issue. you have to have fema doing what it needs to do.

criticism after hurricane helene in western north carolina in particular and with the fire situation, the first one. we have a second one today because those winds whipped up and picked up the flames still burning from two weeks ago. it's been a really untenable situation and a very heartbreaking one for so many people in both those locations. >> certainly been outspoken about it and thinks california officials have mismanaged the crisis. whether he not he brings some of those same concerns to the leaders of california when he meets with them or consoler in chief we will have to see tomorrow. >> harris: he can do both. he beat everybody from the last administration down to appear -- appalachia and -- let's watch and listen to the introduction. they are introducing everybody

there. mark meredith. thank you. >> president trump: but if you have davos. this has been a historic week in the united states. three days ago i took the oath of office and we began to golden age of america. the recent presidential election was won by millions of votes and all seven, every one of them, all seven swing states. it was a massive mandate from the american people like hasn't been seen in many years. and some of the political pundits, even some of my so-called enemies said it was the most consequential election victory in 129 years. that's quite nice. what the world witnessed in 72 hours is a revolution of common sense. 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 and what we are doing

and going to do. my administration is acting with unprecedented speed to fix the disasters we've been inheristed 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. over the past four years our government racked up 8 trillion in wasteful deficit spending and nation wrecking energy restrictions, crippling regulations and hidden taxes like never before. the result is the worst inflation crisis in modern history and sky high interest rates for our citizens and even throughout the world. food prices and the price of almost every other thing known to mankind went through the roof. 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.

because of these ruinous policies total government spending this year is 1.5 trillion higher than was projected to occur when i left office just four years ago. likewise, the cost of servicing the debt is more than 230% higher than was projected in 2020. the inflation rate we are inheriting remains 50% higher than the historic target. it was the highest inflation probably in the history of our country. that's why 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. on day one i signed an executive order directing every member of my cabinet to martial all powers at their disposal to defeat inflation and reduce the cost of daily life. i imposed a federal hiring freeze, a federal regulation

freeze, a foreign aid freeze, and i created the new department of government efficiency. i terminated the ridiculous and incredibly wasteful green new deal. i call it the green new scam, withdrew from the one-sided paris climate accord and ended the insane and costly electric vehicle mandate. we'll let people buy the car they want to buy. i declared a national energy emergency and that's so important. national energy emergency to unlock the liquid gold under our feet and pave the way for rapid approvals of new energy infrastruck sure. the united states has the largest amount of oil and gas than any country and we'll use it. it will reduce the cost of all goods and services and make the united states a manufacturing super power and the world capital of artificial

intelligence and crypto. my administration has also begun the largest deregulation campaign in history. far exceeding even the record setting efforts of my last term. in total, the biden administration imposed $50,000 in additional regulatory costs on the average american household over the last four years. i have promised to eliminate ten old regulations for every new regulation, which will soon put many thousands of dollars back in the pockets of american families. to further unleash our economy, our majorities in the house and senate, which we also took along with the presidency, are going to pass the largest tax cut in american history including massive tax cuts for workers and families and big tax cuts for domestic producers and manufacturers and we're working with the democrats on getting an extension of the original trump tax cuts, as you probably know,

by just reading any paper. my message to every business in the world is very simple, come make your product in america and we'll give you among the lowest taxes of any nation on earth. we're bringing them down very substantially even from the original trump tax cuts. but if you don't make your product in america, which is your prerogative. very simply you will have to pay a tariff differing amounts, but a tariff to direct trillions of dollars into our treasury to strengthen our economy and pay down debt. under the trump administration, there will be no better place on earth to create jobs, build factories or grow a company than right here in the good old usa. already americans' economic -- irk see this i think maybe even in your wonderful, wonderful room that you are all gathered together. so many of my friends. but americans, the economic

confidence is soaring like we haven't seen in many, many decades, maybe not at all. upon my election, it was just announced a small business optimism skyrocketed by 41 points in a single month. the highest ever. never been anything like that. softbank announced between a $10,200,000,000,000 investment in the u.s. economy because of the election result and two days ago orr act will. soft bank and there is an investment in a.i. infrastructure. other companies have announced billions and billions adding up to trillions of investment in america and the united states. and it is also reported today in the papers that saudi arabia will be investing $6 hundred billion in america but i will be asking the crown prince, a fantastic guy, to round it out to around 1 trillion.

i think they'll do that. we've been very good to them. i'm also going to ask saudi arabia and opec to bring down the cost of oil. you have to bring it down. which frankly i'm surprised they didn't do before the election. i was a little surprised by that. if the price came down the russia ukraine war would end immediately. the price is high enough that the war will continue. you have to end that war and bring down the oil price. they should have done it long ago. they're very responsible to a certain extent for what has taken place. millions of lives are being lost. with oil prices going down i will demand interest rates drop immediately and drop all over the world. interest rates should follow us all over the progress that you are seeing is happening because of our historic victory and recent presidential election. one that has become quite well-known throughout the world. i think a lot of things are

happening to a lot of countries. they say that there is light shining all over the world since the election and even countries that we aren't particularly friendly with are happy because they understand what there is a future and how great the future will be under our leadership. america is back and open for business and this week i am also taking swift action to stop the invasion at our southern border. they allowed people to come in at levels nobody has seen before. it was ridiculous. i declared and decided to do and very, very importantly a national emergency on our border immediately halted all entry of illegal border crossers of which there were many and began promptly returning the illegal trespassers back to the place from which they came. that action, as you have probably seen, has already started very strongly. i have deployed active duty u.s. military and national guard troops to the border to assist

in repelling the invasion. it was really an invasion. we will not allow our territory to be violated after four long years, the united states is strong and sovereign and a beautiful nation once again. it is a strong, sovereign nation. in addition i'm pleased to report that america is also a free nation once again. on day one i signed an executive order to stop all government censorship. no longer will our government label the speech of our own citizens as misinformation or disinformation. which are the favorite words of censors of those who want to -- we have saved free speech in america and we've saved it strongly with another historic executive order this week, i also ended the weaponization of law enforcement against the american people and frankly against politicians and restored

the fair, equal and impartial rule of law. my administration has taken action to abolish all discriminatory diversity, equity and inclusion nonsense. these are policies that were absolute nonsense throughout the government and the private sector. with the recent somewhat unexpected great supreme court decision just made, america will once again become a merit-based country. you have to hear that word, merit-based country. and i have made it official, an official policy of the united states that there are only two genders, male and female. and we will have no men participating in women's sports and transgender operations which became the rage will occur very rarely. finally as we restore common sense in america, we're moving quickly to bring back strength and peace and stability abroad.

i'm always going to ask all nato nations to increase defense spendsing to 5% of gdp. which is what it should have been years ago. it was only at 2% and most nations didn't pay until i came along. i insisted that they pay and they did. because the united states was really paying the difference at that time. it was unfair to the united states. but many, many things have been unfair for many years to the united states. before even taking office, my team negotiated a cease-fire agreement in the middle east which wouldn't have happened without us as i think most of the people in the room know. earlier this week the hostages began to return to their families. they are returning and it is a beautiful sight and coming back on sunday. our efforts to secure a peace settlement between russia and ukraine are now hopefully underway. it is so important to get that

done. it is an absolute killing field. millions of soldiers are being killed. nobody has seen anything like it since world war ii. they are laying dead all over the flat fields. it is a flat field farmland and there are millions of russians and millions of ukrainians. nobody has seen anything like it since world war ii. it is time to end it and here in america we have big events coming up. next year we have the 250th anniversary of america's founding. i'm so honored to be president during that. that has been a big event they've been talking about it for ten years. we also have the world cup and i unde understand infan tino is in the room. he is there with you someplace, i think. and i want to thank him for that and then we have the olympics coming up. i was instrumental in getting also in my first term. who would have known by skipping a term i would get the olympics.

i was upset. i got the olympics to come and won't be president. through a stroke of luck or whatever you might call it that i'm going to be president during the world cup and the olympics. and the 250th anniversary. so that's going to be three big events. we've accomplished more in less than four days, we have really been working four days than other administrations have accomplished in four years. we're just getting started. it is an amazing thing to see and the spirit and light over our country has been incredible. under the last administration, our nation has suffered greatly. but we're going to bring it back and make it greater, bigger, stronger, better than ever before. i want to thank everybody for being with you. i would have been there myself except the inauguration was two days ago. i thought it might be a little quick to make it the first stop. but we'll get there one day. we hope to get there. i do appreciate. i heard the audience is fantastic and many of my friends

are in the audience. i will be taking questions now from some very distinguished people. thank you all very much. [applause] . >> thank you, thank you very much, mr. president, for that very powerful speech. and i think you could hear the applause all the way from davos to the white house. next year it will be even better because then you can get the applause here in davos. we welcome you to our village next year. we hope to see you. >> thank you very much. >> we also know mr. president you open up for interaction here. we have a great panel with some of the most distinguished business people in the world. let me start with someone that you know really well that i think is almost a neighbor of you in florida, mr. steve

swartzman, chairman, ceo an founder of black stone group. steve, the floor is yours. >> well, mr. president, i'm sure the crown prince of saudi arabia will be really glad you gave this speech today. you have had the busiest four days that anybody can imagine. and congratulations for that. and my question is about some of the things i've observed here at davos. it is a terrific forum. i've met lots of people, as usual. i think i've been here 30 years and a lot of the european business people have expressed enormous frustration with the

regulatory regime in the e.u. and they attribute slower growth rates here because of the numerous factors but especially because of regulations. and you've taken a completely different approach in this area. and if you could explain the theory of what you are doing, how you are going to do it and what you expect the outcome to be, i would appreciate it. >> president trump: well, thank you very much and congratulations, steve, you are a friend of mine but on a great career you've had an amazing career and it continues. congratulate you. inspirational to a lot of people. i want to talk about the e.u. because you mentioned specifically that i have also had a lot of friends and leaders of countries.

i have gotten to know them all my first term and a little bit during this period of four years and know them well. like them a lot. they are very frustrated and many other ways it takes and i will give you a quick example. in the private life before i had all these things happening, the world is a little different. i had a nice, simple life. you knew that. when i had that simple life, i did projects and i had a big project in ireland and it had to get approval on something that would have made it even better and i got the approval from ireland in a period of a week. it was a very, very efficient, good approval. and they informed me the problem is you will have to get it from the e.u. we think it will take five to six years.

i said you have to be kidding. and this was before politics. i said wait a minute, it is not that important. i don't want to go five or six years. it would have been a big investment. nice and good for the project. and i sent the people to the e.u. to see if they could speed it up and it was a five or six year wait to get a simple approval that ireland gave me in a period of literally not much more than a week. i realized right then. it was the first time i really was involved with the e.u. but i realized right then that's a problem and i didn't even bother applying to do it. and or if i did i pulled it very quickly. i have to be very accurate because i don't want to be criticized he did apply actually. no, i want to be very accurate. so i don't think i did but if i did i pulled it very quickly. something you couldn't wait five or six years to get an approval. a lot of very big business sense

a lot of people are claiming thats the problem. from the standpoint of america, the e.u. treats us very unfairly. very badly. they have a large tax that we know about and it is a very substantial one. they don't take -- essentially don't take our farm products and cars yet they send cars to us by the millions. they put tariffs on things that we want to do like for instance i think they actually in terms of these are non-economic or non-monetary tariffs and those are very bad and think make it very difficult to bring products into europe and yet they expect to be selling. they do sell their products in the united states. so we have, hundreds of billions of dollars of deficits with the e.u. nobody is happy with it. we will do something about it. nobody is happy with it. so i think the e.u. has to speed

up their process. friends of mine that are in some of the nations within the e.u., great people, they want to be able to compete better and you can't compete when you can't get -- go through the approval process fast. there is no reason why it can't go faster. i'm trying to be constructive because i love europe, i love the countries of europe, but the processes are very cumbersome one and they do treat the united states of america very, very unfairly with the taxes and all the other taxes they impose. one other just to finish up i got a call from the head of a major airline. one of the biggest airlines in the world and he said sir, could you help us? landing in europe is brutal. they charge us fees for everything and it is so unfair. i said how does it compare to china? he said it's much worse.

and the other thing as you know, they took court cases with apple and they supposedly won a case that most people didn't think was much of a case. they won 15 or 16 billion from apple. they won billions from google. they're after facebook for billions. these are american companies, whether you like them or not they're american companies and they shouldn't be doing that. and that's as far as i'm concerned is a form of taxation. so we have some very big complaints with the e.u. thank you. >> thank you very much, mr. president. we'll now go to one of your friends in the e.u., patrick, he is the the chairman, ceo of total energies. i guess you have a question ready, patrick, for the president. >> mr. president, as we understand energy is at the top

of your agenda and it is an honor for me to represent the industry tonight. the fourth largest oil and gas and electricity company in the world. i will now ask you a question about your price. quite clear what you expect from us. we move to gas more and our company is the largest and the one exporter lng from the u.s. company. we are a strong contributor and we invest in mammoth lng projects in texas, $20 billion and we continue to security of supply to europe as we export lng energy. some experts fear if there are too many projects on lng it could have an inflationary impact on the u.s. domestic gas

price and they recommend a pause on these projects. i would ask you the following question, what are your views about such a pause on investments on lng in the u.s.? what would happen if you would observe an increased domestic gas price because of these exports? and final question, which is important for europe, would you agree to run security of -- supplies of lng to europe. >> president trump: on the last part of your question, yes, i would make sure you would get it. if we make a deal, we get it. a lot of problem they make a deal and can't be supplied because of bar and other problems. we would do that. lng is very interesting. when i took office for the first time one of the first things i looked at was there were two very massive plants in louisiana, a state that has been very good to me.

won it by many, many points. i felt strongly indebted to it and two plants under environmental consideration for more than ten years and they were costing as you say you know how expensive those plants are. they were costing $12 bill and 14 or 15 billion but they couldn't get their permits. they were in review for years, many, many years, like a decade or more. and i said so ridiculous. i know so much about that because in the construction industry i had to go through it, too. i got good at it after a while. i saw the projects and said you are talking about a total investment of $25 to $30 million and looked like it would end. they couldn't get permits and i got them done in less than a week. it was done, completed. when they called them to announce that it was done, the countries -- largely countries,

japan was involved and another country and some very big investors couldn't believe it. they actually couldn't believe it. i said do yourself one favor. don't pay any consultants. the only one that got it done was me because it was the right thing to do for the u.s. and the world. the consultants had nothing to do with it. they say go in and give us millions of dollars. nobody called me about it. i heard it with as a problem for years and i got it done because it was the right thing to do for the u.s. and the right thing to do for beyond, had to do with energy, very important. so i think it's very important. i think -- i disagree. i think the more you do the lower the price is going to go. and what i would like to see the rapid approvals. we'll give rapid approvals in the united states. with the a.i. plants talking to many people who want to build them. that will be a very big thing. we will build electric generating facilities. three going to build. i will get them this approval.

under emergency declaration i can get the approvals done myself without having to go through years of waiting. the big problem is we need double the energy we currently have in the united states. can you imagine? for a.i. to really be as big as we want to have it because it is a very competitive -- it will be very competitive with china and others. i will give emergency declarations so they can start building them almost immediately. and i am -- i think it was largely my idea. nobody thought it was possible. it wasn't that they were not smart. they are the smartest. i told them that what i want you to do is build your electric generating plant right next to your plant as a separate building, connect it and they said wow, you are kidding. i said no, i'm not kidding. you don't have to hook into the grid, which is old and, you know, could be taken out if it's taken out they wouldn't have any way to get any electricity. so we are going to allow them to

go on a very rapid basis to build their plant, build the electric generating plant. they can fuel it with anything they want and they may have coal as a backup. good, clean coal. you know, if there were a problem with a pipe coming in as an example. you are going with oil and gas, and a pipe gets blown up or for some reason doesn't work, there are some companies in the u.s. that have coal sitting right by the plant so that if there is an emergency, they can go to that short term basis and use our very clean coal. so that's something else that a lot of people didn't know about. but nothing can destroy coal, not the weather, not a bomb, nothing. it might make it smaller, might make it a little different shape but coal is very strong as a backup. a great backup to have that facility and it wouldn't cost much more money. we have more coal than anybody.

we also have more oil and gas than anybody. so we will make it so that the plants will have their own electric generating facilities. attached right to their plant. they don't have the worry about a utility or anything and we'll get very rapid approvals. >> thank you so much, mr. president. we'll now go to another ceo that you know very well, brian monihan, ceo and chair of bank of america. >> good afternoon, mr. president. and congratulations and eventful week for you and your family. if you remember five years ago you came here and we walked among 150ceos from all over the world and engaged with them about policies and procedures. this year you aren't here and yet this week was eventful from the orders that you mentioned earlier. a wave of orders come out on immigration, on trade and many other matters. and so as a representative of the united states here, we got a

lot of questions about what does all this mean and how would the president square this with this clear focus on growth, prosperity, market growth, stock market growth, good bond market and bringing down prices? how do you think about the impact of all these orders and how fast they come out and how you will balance them with that scorecard of being successful in both continuing gdp growth, bringing down inflation and also having a good stock price appreciation for the american citizen? >> president trump: i think it will bring down inflation. it will bring up jobs. we'll have a lot of jobs. a lot of companies moving in. brian, we're at 21%. ist was 40% and i got it down to 21%, the corporate tax. if you look at state and city it with as many cases higher than 40%. i got it down from 21%. now bring it down to 15% if you make your product in the u.s.

we'll have just about the lowest rate. 21 is on the low side worldwide. the 15 is about as low as it gets. by far the lowest of a large country, a large, rich, powerful country by far. not even a contest. we'll bring it down to 15% if you make your product in the usa. that will create a tremendous buzz. we're also probably going back to the one-year deduction where we did that originally and that was amazing what the impact of that had. the one year deduction, which built up over a period of time and expires, but we will go back to that when we do the renewal of the trump tax plan. we have to get democrats to approve it. but if the democrats didn't approve it, i don't know how they can survive with a 45% tax increase. that's what it would be. and so i think they will be -- we've been working along with them pretty well. i think it is very hard for a political group to say let's

charge people 45% more. i think we're in good shape but doing a reduction for business and small businesses where you will bring it down to 15%, which is really something. and by the way, speaking of you and you've done a fantastic job. i hope you start opening your bank to conservatives. many conservatives complained that the banks are not allowing them to do business within the bank. that included a place called bank of america. they don't take conservative business. i don't know if regulators mandated that because of biden or what. you and jamie and everybody i hope you will open your banks to conservatives. what you are doing is wrong. >> mr. president, i will say your friend gianni told me to tell you hello and we look forward to sponsoring the world cup this summer for the club and thank you for getting that for the united states. >> president trump: thank you

very much. >> thank you, mr. president. we'll go to anna, the executive chairman of bank of san tan dor , one of the big banks. >> mr. president, congratulations on a historic victory. i believe you don't know me as well as my fellow panelists, a few words. our bank is one of the largest banks in the world by number of customers. 170 million. that's more than my friend brian or jamie have. and those -- [laughter] [applause] >> we're a big investor in the united states. we have many million customers, 12,000 employees, we are one of the largest auto lenders and launched a fully digital bank called open bank. we strongly believe banks have a

pivotal role in the economy and we can accelerate growth and help many more customers. that's what we're doing in the united states. so as brian pointed out we very much welcome your focus on deregulation and reducing bureaucracy. so my question is, what are your priorities in this regard and how fast is this going to happen? thank you very much. >> president trump: thank you, congratulations. i know very much about your bank and you've done a fantastic job. congratulations. we are going to move very quickly. we've moved very quickly. we've done things in the last three days that nobody thought were possible to do in years. and it's all taking effect. have a huge impact on the economy. a huge, positive impact. money was being wasted on crazy things. the green new deal was such a total disgrace. what -- how that was perpetrated. it was conceived by people that

were average students, less than average students, i might add, and never even took a course in energy or the environment. it was just a game. remember the world was going to end in 12 years, remember that? the 12 years has come and gone. it was all going to foam into earth. the time has come -- these people -- they really scared the democrats largely. i can't say the republicans. republicans maybe could have fought harder to stop it but a tremendous waste of money. during my four years we had the cleanest air, the cleanest water and yet we had the most productive economy in the history of our country. we had the most productive economy until covid came. the most productive in the history of our country by far and actually you can look worldwide. we were beating everybody from china to everybody else.

we think we really now, with what we have learned and all of the other things that have taken place, we think we can even far surpass that. actually far, far surpass it. but one thing we will be demanding is we'll be demanding respect from other nations. canada, we have a tremendous deficit with canada. we won't have that anymore. we can't do it. i don't know if it's good for them. as you probably know i say you can always become a state. if you are a state, we won't have a deficit. we won't have to tariff you rick etc. canada has been very tough to deal with over the years and not fair that we should have a 200 billion or $250 billion deficit. we don't need them to make our cars and they make a lot of them. we don't need their lumber because we have our own forests. we don't need their oil and gas, we have more than anybody. just as an example, with mexico we're dealing with mexico i

think very well. and we're just -- we just want to be treated fairly with other nations because there is hardly a nation in the world -- i blame this on us and i blame it on politicians that for some reason, probably mostly stupidity but you could also say other reasons, but mostly stupidity have allowed other nations to take advantage of the u.s. we can't allow that to happen anymore. we have debt. it is a very small debt when you compare it to value. the value of the assets that we have. but we don't want to do that. we want to just have debt be obliterated and we can do it fairly rapidly. and a lot of good things are going to happen. honestly, good things will happen for the world and good things will happen for the people that are dealing with us. allies and beyond allies. one thing very important i really would like to be able to meet with president putin soon to get that war ended.

that's not from the standpoint of economy or anything else but the standpoint of millions of lives are being wasted. beautiful, young people are being shot in the battlefield. the bullet very flat land, as i said and the bullet goes -- there is no hiding. a bullet -- the only thing stopping the bullet is a human body. i have seen pictures of what has taken place. it is a carnage. we really have to stop that war. that war is horrible. i'm not talking economy or economics, i'm not talking about natural resources. i'm just talking about so many young people being killed in this war and that's not including the people that have been killed as the cities are being knocked down building by building. so we really should get that stopped. likewise in the middle east i think we've made a lot of progress in the middle east and i think that is going to come along pretty well.

>> thank you, mr. president. we know that most consequential relationship in the world is between the u.s. and china. u.s. 28% of the global economy. china 20. half of the global gdp. we know you called president xi last friday. we heard that you had a good discussion. how do you see the relationship between the u.s. and china in the next four years under your leadership? >> president trump: he called me. i see it very good. i think that we are going to have a very good relationship. all we want is fairness. we just want a level playing field. we don't want to take advantage. we've been having massive deficits with china. biden allowed it to get out of hand. 1.1 trillion deficit is ridiculous and it's an unfair relationship and we have to make it just fair.

we don't have to make the phenomenal but a fair relationship. right now it's not a fair relationship. the deficit is massive. as it is with other countries, a lot of asian countries actually. we have deficits that are very big and we can't keep doing that. we won't keep doing that. i like president xi very much. i have always liked him. we always had a very good relationship. it was strained with covid coming out of wuhan. that strained it. i'm sure it strained it with a lot of people. that strained our relationship. but we always had a great relationship, i would say. we look forward to doing very well with china and getting along with china. hopefully china can help us stop the war in particular with russia/ukraine. they have a great deal of power over that situation. and we'll work with them. i mentioned that during our phone conversation with president xi. and hopefully we can work together and get that stopped. we would like to see

denuclearization. in fact, with president putin prior to an election result which was frankly ridiculous, we were talking about denuclearization of our two countries and china would have come along. china has a much smaller right now nuclear armament than us. field than us. but they will be catching it at some point over the next four or five years and i will tell you that president putin really liked the idea of cutting way back on nuclear and i think the rest of the world we would have gotten them to follow. china would have come along, too. china also liked it. tremendous amounts of money are being spent on nuclear and the destructive capability is something that we don't even want to talk about today. you don't want to hear it. it is too depressing. we want to see if we can denu

denuclearize and i think it's possible. president putin wanted to do it. he and i wanted to do it. china would have been involved. that would have been an unbelievable thing for the planet. >> mr. president, when you are back here in davos next year will there be a peace agreement with ukraine and russia by then? >> president trump: you will have to ask russia. ukraine is ready to make a deal. just so you understand this is a war that should have never started. if i were president it would never have started. this is a war that should have never, ever been started and it wasn't started during my -- there was never talk about it. i knew that it was the apple of president putin's eye but i knew there was no way he was going in. he wasn't going to go in. and then when i was out, bad things happened, bad things were said, a lot of stupidity all around and you end up with what you have. now all the bombed out cities

that look like demolition sites with many people killed. i think the thing you will see about ukraine is far more people have died than is being reported. and i've seen that. but far, far more people have died. when you look at a city that has become a demolition sites where big buildings have been collapsed by missiles hitting them and everything else and they say one person was slightly injured, no, no, many people were killed. those are big buildings. i was surprised. that was my business. these are buildings that go two and three blocks long and 20 stories high, big, powerful buildings and were knocked down and there were a lot of people in those buildings. announced that two people were injured. that's not true. so i think you will find that there were many more people killed in ukraine and the ukraine war than anybody has any idea. so many of the people being killed are soldiers now. just facing each other with guns, rifles and drones.

the new form of warfare, drones. and it is a very sad thing to see. when you see pictures of the fields that i see, nobody wants to see it. you will never be the same. >> thank you very much, mr. president. on behalf of all the 3,000 participants here in davos, we really, really underline that joining us the third day in your presidency live taking questions here is so appreciated and we are already ready for receiving you next year in person. so thank you very much and all the best from davos. [applause] >> president trump: thank you very much. >> harris: the president of the united states joining from the white house via remote to represent all americans at the world economic forum.

it is critical because as you heard him say, there are things he wants to do for and with this economy and with the rest of the world. i think we have a little bit of what i wanted you to hear right off the top here and that is that america should be the place where you bring your business and he wants to make it not only palpable to do that but a great idea to do that. watch. >> president trump: my message to every business in the world is very simple, come make your product in america and we'll give you among the lowest taxes of any nation on earth. we're bringing them down very substantially even from the original trump tax cuts. but if you don't make your product in america, which is your prerogative, then very simply you will have to pay a tariff. >> harris: you could feel it. i use the word palpable.

can you imagine the world coming here? jackie deangelis host of the big money show on fox business. this is so interesting to me because it deals with regulations, it deals with energy and all the things that trump has said as a presidential candidate for the second time that that's what it would take to bring prices down here but it will do more than that. >> it will spur growth and that's an important part of his strategy and amazing the way he takes all these tools in the tool box and puts them together to be able to create something much larger than that. what he was talking about was the corporate tax rate at 28%. he wants to bring it to 21%. if you start making your products here in america you get 15%. that's unprecedented and unheard of and definitely going to encourage companies to come. he talked a little bit at a different point about being a manufacturing super power. that's how you'll do it. >> harris: let's go back to the corporate incentive for a

second. it's bigger than that, though. it can go to that base of 21%, which is a lot of money for these companies to save in terms of doing business with us. but if they don't do business, there is a tariff. >> there will be a tariff. so it's not only an incentive but there is also a carrot and stick here situation as well. so if they don't do it, they will suffer. it's brilliant why anybody else hasn't thought of it i don't really know. he has so many problems he has to tackle from what went wrong the last four years and so he is using these chess pieces to make it come together. for people worried about if he implements tariffs will it increase inflation? the biden administration kept cutting and spending money. if we see a little inflation because we bring business back home here and because we will grow the american economy as

jamie dimon said, so be it. >> harris: that 9% we reached that biden would deny and say he inherited that from trump. it was 1.4% when trump left office, rather historically remarkable. with all of this i do want to put a fine point on the energy component. he was talking about liquefied gas energy that lng, natural gas. why is that part of this entire conversation and what does it do for americans? >> biden put his foot down and stopped the entire energy industry. look at lng specifically. the question the ceo asked will prices go up if we start exporting? he point blank said absolutely not. we have a ton of supply. if we start taking it out of the ground and export we'll make money on it but also for national security purposes if he starts sending it to europe they won't rely as much on russia and also made the point of bringing oil prices down to cripple

russia. so many mistakes made globally in energy that have cost us, harris. >> harris: he couldn't have said it clearer. he wants the war to end. jackie, glad you were with me. breaking news now. the u.s. senate voted to break the filibuster for john ratcliffe. 77-26. that vote is the final procedural hurdle and they will now do two hours of debate and then hold the official vote for ratcliffe's confirmation. he is expected to pass and will become the second official cabinet member. marco rubio is now secretary of state confirmed on the first day of trump's second term. thank you so very much for watching the breaking news, really a special occasion to see that with those world leaders and our president on day three of his presidency. "outnumbered" next.

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to their transition into the veteran community. it■s nothing we won, right? we're pretty vocal on that, saying, look, i didn't win anything like we're a recipient of this. you're going to highlight me for the day. we're four guys get killed. never crossed my mind about receiving the medal of honor. never. i was told i was being put in for it the day after the battle. the highest level of valor. you want to understand, why did these people lose their lives? why aren't they in my place? can't refuse it. we don't have the wear if you don't want to. they feel you earned it. people think war ends the moment you get home. no. war sticks with you. for me, it was like i was in a fog. really? for. for several months. you're literally on the edge of life and death at any moment. and then 12 hours later, you're at home and you're going to birthday parties and you have to go back to assimilating that life. it's fascinating how many of our brothers and sisters. it■s a significant problem. end up on the streets. tunnel to towers is taking a leadership role.

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