“I will also call on Saudi Arabia and OPEC to lower oil prices.”
President Trump’s remarks were his first address to the world’s business and political leaders just four days after taking office, amid market concerns over the president’s proposed sweeping tariffs on imported goods. Ta.
Also read: Largest tax cut in US history to be passed by Congress: US President Trump’s first speech at WEF
During President Trump’s speech, oil prices turned negative, while the euro weakened and the U.S. dollar oscillated between gains and losses against a basket of foreign currencies.
Some of his harshest criticism was directed at traditional U.S. allies Canada and the European Union, where he once again threatened to impose new tariffs and reduce U.S. trade deficits with these countries. He blamed them for this and blamed their import policy.
“One of the things we demand is respect from other countries, from Canada. We have a huge deficit with Canada. We won’t have that anywhere else.” said.
Also read: Donald Trump says this one factor could end Russia-Ukraine war ‘immediately’
When President Trump’s image was projected on the large screen, cheers went up from the audience. President Trump highlighted his first role as elected president and outlined the rapid changes he has made since taking office on Monday.
He also harshly criticized his predecessor, Joe Biden, and his long-held dominance at Davos, on everything from climate policy to diversity.
President Trump has promised to curb inflation with a combination of tariffs, deregulation and tax cuts, along with promises to crack down on illegal immigration and make the United States a hub for artificial intelligence, cryptocurrencies and fossil fuels. He also criticized the European Union’s tax levels.
Also read: President Trump says at Davos: ‘Make your products in America or pay the tariffs’
“The United States has more oil and gas than any other country on earth, and we’re going to use it,” Trump said. “Not only will this reduce the cost of virtually all goods and services, but it will also make the United States a manufacturing powerhouse.”
Davos gave a small number of business leaders the opportunity to publicly ask the president questions about issues that affect their businesses and, in some cases, specific investments, projects, or profits. .
President Trump repeated a series of familiar falsehoods – that the United States had the cleanest air and water in his first term, that he won with a massive mandate in the United States, that the United States had the “green” he repealed, and that the United States had the cleanest air and water in his first term. Reuters reported that there was a New Deal policy.
Business leaders include Bank of America CEO Brian Moynihan, Blackstone Group CEO Stephen Schwarzman, Total Energy CEO Patrick Pouyanne, WEF CEO Borge Brende, and WEF founder Klaus Schwab. Included.
More than 1,000 executives and government officials from around the world filled the convention’s main hall for Trump’s speech, including Polish President Andrzej Duda.
Business leaders want to hear more about Trump’s specific tariff plans after he threatened broad import tariffs and suggested tariffs could begin on February 1. .
President Trump has moved quickly to crack down on immigration and expand domestic energy production, threatening hefty tariffs on the European Union, China, Mexico and Canada.
President Trump also withdrew the United States from the World Health Organization and the Paris Climate Accord. He has said the Gulf of Mexico will be renamed the Gulf of America, but other countries may not adopt the new name. He also threatened to take back the Panama Canal from Panama.
(according to Reuters information)
