Full text of Trump's speech – 'Draconian' Paris accord dumped

The US president has announced an immediate halt to all efforts to implement the climate agreement. Here is what Donald Trump had to say

• Paris climate agreement: world reacts as Trump pulls out of global accord - live
• President's Paris climate speech annotated: Trump's claims analysed
• Full report: Donald Trump confirms US will quit Paris climate agreement

"Thank you very much. [Applause.] Thank you. I would like to begin by addressing the terrorist attack in Manila. We're closely monitoring the situation, and I will continue to give updates if anything happens during this period of time. But it is really very sad as to what's going on throughout the world with terror. Our thoughts and our prayers are with all of those affected.

"Before we discuss the Paris accord, I'd like to begin with an update on our tremendous - absolutely tremendous - economic progress since election day on November 8th. The economy is starting to come back, and very, very rapidly. We've added $3.3tn in stock market value to our economy, and more than a million private sector jobs.