Trump made some eyebrow-raising statements about the US economy in his big speech at Davos - here are the facts behind five bold claims
Joseph Zeballos-RoigJan 22, 2020, 03:56 IST
Trump extolled a newly confident America with a series of bold statements about the country's economic performance throughout his presidency in his big speech at the World Economic Forum in Davos, Switzerland, on Tuesday.
Many of those statements didn't match economic reality or were wildly misleading.
Here are the facts related to five of Trump's boldest claims.
President Trump touted a newly resurgent America in his big speech at the World Economic Forun in Davos, Switzerland, making a series of bold claims in an address that echoed some of his talking points on the 2020 campaign trail.
Many of those assertions, though, didn't match economic reality or were wildly misleading.
Trump said that the American economy was in "a dismal state" when he inherited it in 2017 and that US wealth inequality was tossed into the dustbin of history. He also asserted that he "saved" historically black colleges and universities and the US economy now is "the greatest" in US history.
Finally, he contended that the two trade deals he signed were "the biggest ever made."
Here are the facts about five of Trump's boldest claims made in Davos.
Claim: Trump said the American economy was in "a rather dismal state" when he took office.
Claim: "For the first time in decades, we're no longer concentrating wealth in the hands of a few," Trump said.
Claim: "I saved HBCUs. We saved them. They were going out and we saved them," Trump said.
Claim: "We have the greatest economy we've ever had in the history of our country."
Claim: "Just last week alone, the United States concluded two extraordinary trade deals — the agreement with China and the United States-Mexico-Canada agreement — the two biggest trade deals ever made."