Must-know moments from Trump's Davos speech: 'America first does not mean America alone'

U.S. President Donald Trump delivered a speech at the World Economic Forum in Davos, Switzerland on Friday, sending a nationalist message to the global community that America is "open for business."

The speech from the American commander in chief maintained an economic theme, encouraging business leaders to take advantage of tax cuts by investing in the United States. Trump still managed to bring in populist rhetoric, urging heads of state and the private sector to invest in people and "empower their dreams."

Below are highlighted excerpts from Trump's keynote address:

1. America is "open for business"

"The world is witnessing the resurgence of a strong and prosperous America. I'm here to deliver a simple message. There has never been a better time to hire, to build, to invest and to grow in the United States. America is open for business and we are competitive once again."

2. On "America First" agenda

"I believe in America. As president of the United States I will always put America first just like the leaders of other countries should put their country first also. But America first does not mean America alone. When the United States grows, so does the world."

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U.S. President Donald Trump arrives at the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Carlos Barria
(L-R) U.S. Secretary of State Rex Tillerson, National Security advisor Herbert Raymond McMaster, Senior Advisor Jared Kushner and assistant for economic policy Gary Cohn attend U.S. President Donald Trump's and Israeli Prime Minister Benjamin Netanyahu's meeting during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018 REUTERS/Carlos Barria
U.S. President Donald Trump waves as he arrives for the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018. REUTERS/Denis Balibouse
U.S. President Donald Trump arrives for the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018. REUTERS/Denis Balibouse
U.S. President Donald Trump pose for photos as he arrives at the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis Balibouse
U.S. President Donald Trump meets with Britain's Prime Minister Theresa May during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018 REUTERS/Carlos Barria
U.S. President Donald Trump shake hands with Britain's Prime Minister Theresa May during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018 REUTERS/Carlos Barria
U.S. President Donald Trump shakes hands with Israeli Prime Minister Benjamin Netanyahu during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018 REUTERS/Carlos Barria
U.S. President Donald Trump speaks with Israeli Prime Minister Benjamin Netanyahu during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018 REUTERS/Carlos Barria
Hands of the U.S. President Donald Trump are seen as he meets with Israeli Prime Minister Benjamin Netanyahu during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018 REUTERS/Carlos Barria
U.S. President Donald Trump gestures during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis Balibouse
U.S. President Donald Trump shakes hands with Klaus Schwab, Founder and Executive Chairman of the WEF, during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis Balibouse
U.S. President Donald Trump gestures as he talks with Klaus Schwab, Founder and Executive Chairman of the WEF, during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis Balibouse
U.S. President Donald Trump and Klaus Schwab, Founder and Executive Chairman of the WEF, look on during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Carlos Barria
US President Donald Trump watches a band leaving the stage after a ceremony and before delivering his speech during the World Economic Forum (WEF) annual meeting on January 26, 2018 in Davos, eastern Switzerland. / AFP PHOTO / Fabrice COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
U.S. Secretary of State Rex Tillerson is seen during a meeting of U.S. President Donald Trump and President Alain Berset of Switzerland, as they attend the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis Balibouse
U.S. President Donald Trump attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Carlos Barria
U.S. President Donald Trump looks on as he meets President Paul Kagame of Rwanda (unseen) during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Carlos Barria TPX IMAGES OF THE DAY
U.S. President Donald Trump meets President Alain Berset of Switzerland during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis Balibouse
U.S. President Donald Trump meets President Paul Kagame of Rwanda during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Carlos Barria
U.S. President Donald Trump arrives at the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Carlos Barria
U.S. Secretary of State Rex Tillerson (C) looks on as President Donald Trump dinners with business men and CEO's during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018. REUTERS/Carlos Barria
U.S. President Donald Trump attends a dinner with business men and CEO's during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018. Siemens CEO's Joe Kaeser (2nd-L) looks on. REUTERS/Carlos Barria
U.S. President Donald Trump speaks with Israeli Prime Minister Benjamin Netanyahu during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018. REUTERS/Carlos Barria
Attendees takes pictures of U.S. President Donald Trump during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018. REUTERS/Denis Balibouse
A television screen displays U.S. President Donald Trump delivering a speech during a special address on the closing day of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 26, 2018. World leaders, influential executives, bankers and policy makers attend the 48th annual meeting of the World Economic Forum in Davos from Jan. 23 - 26. Photographer: Simon Dawson/Bloomberg via Getty Images
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3. On free trade:

"We support free trade but it needs to be fair and it needs to be reciprocal because in the end unfair trade undermines us all. The United States will no longer turn a blind eye to unfair economic practices including massive intellectual property theft, industrial subsidies, and pervasive state-led economic planning."

4. On TPP:

"As I have said, the United States is prepared to negotiate mutually beneficial, bilateral trade agreements with all countries. This will include the countries within TPP, which are very important. We have agreements with several of them already. We would consider negotiating with the rest either individually or perhaps as a group if it is in the interests of all. My administration is also taking swift action in other ways to restore American confidence and independent."

5. On immigration reform:

"We will defend our citizens and our borders. We are also securing our immigration system as a matter of both national and economic security. America is a cutting-edge economy but our immigration system is stuck in the past. We must replace our current system of extended family chain migration with a merit-based system of admissions that selects new arrivals based on their ability to contribute to our economy, to support themselves financially, and to strengthen our country."

6. On workforce development:

"In rebuilding America we are also fully committed to developing our workforce. We are lifting people from dependence to Independence because we know the single-best anti-poverty program is a very simple and very beautiful paycheck. To be successful it is not enough to invest in our economy."

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