Trump threatens business leaders with tariffs and demands lower oil prices in World Economic Forum speech
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President says he will demand lower oil prices from OPEC and lower interest rates from central banks globally. President Donald Trump on Thursday threatened business leaders with higher tariffs and vowed to “demand” lower oil prices from OPEC and lower interest rates from central banks in a boast-filled address to the World Economic Forum in Davos, Switzerland.
Speaking by live video link from the Eisenhower Executive Office Building on the White House campus, Trump opened his remarks with a long recitation of purported accomplishments, boasts about his admiration’s record so far, and attacks on his predecessor, former president Joe Biden.
He said this week has been “a truly historic week in the United States” that represents the start of a “new golden age” for the US, and bragged of what he called a “massive mandate” from his electoral college win over former vice president Kamala Harris in last year’s election.
“What we’re doing, and going to do, my administration, is acting with unprecedented speed to fix the disasters we’ve inherited from a totally inept group of people and to solve every single crisis facing our country. This begins with confronting the economic chaos caused by the failed policies of the last administration,” said Trump, who bragged about having taken “rapid action to reverse each and every one of these radical left policies that created this calamity.”.
Trump also said his administration was working on extending the tax cuts he enacted during his first term and expanding them, and promised business leaders “the lowest taxes of any nation on Earth” while threatening them with tariffs if they don’t bring manufacturing back to the US.
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