President Donald Trump declared that the United States had entered a “golden age” of economic growth in a speech to the United Nations General Assembly on Tuesday, citing record investment inflows, falling inflation, and rising wages.

Trump told delegates that since taking office in January, his administration had secured commitments worth $17 trillion in new investment. “In four years of President Biden, we had less than one trillion of new investment into the United States. In just eight months since I took office, we have secured commitments and money already paid for 17 trillion,” he said.

The president argued that tax reductions and deregulation had restored America’s appeal to investors. “We’ve implemented the largest tax cuts in American history and the largest regulation cuts in American history, making this once again the best country on earth to do business,” he said.

The president said inflation, which had surged in recent years, had been “defeated,” with energy, food, and housing costs now easing. He added that the stock market had reached an all-time high, while workers’ wages were rising at their fastest pace in more than sixty years.

Energy policy featured prominently in the address. Trump contrasted lower costs in the US with those in Europe and China, where he said electricity bills were two to five times higher. He criticised the expansion of renewable projects in Europe, claiming “they are ruining that beautiful Scottish and English countryside with windmills and massive solar panels … but we’re not letting this happen in America.”

The president also used the platform to renew criticism of multilateral institutions, accusing the UN of failing to resolve global challenges and repeating his opposition to what he described as “open-border migration policies.”

The speech marked Trump’s first appearance at the General Assembly since returning to office earlier this year.