Trump in Davos: No nation can secure Greenland other than the United States

• We are ‘very much into’ nuclear energy
• We will double domestic steel production over the next four months
• Venezuela will do fantastically well
• I want Europe to do great, I want the UK to do great
• Europe needs to get out of the culture war
• Energy, trade and immigration
• They had no idea what happened in Venezuela, their missiles went up and right back down
• We have capabilities that no one knows about
• After Venezuela, they will develop new missiles

On Greenland:

• Denmark fell to Germany in WWII in hours
• We fought for Denmark
• Without us, you’d all be speaking German
• How stupid were we to give Greenland back after the war, how ungrateful are they now

The steel production line is laughable, as no one is out there building anywhere near that kind of capacity and current capacity utilization is at 75.9%, and getting anywhere near 100% is not a four-month job. Nippon is planning to increase US Steel’s capacity but that’s a 3-5 year project.

What he has done is double steel tariffs to 50% from 25% and that’s led to a 2.9% y/y increase in production.

This article was written by Adam Button at investinglive.com.