In his speech in Davos on Thursday, US President Donald Trump promised to reduce taxes on companies that bring manufacturing to the US and threatened tariffs on those who do not.
US President Donald Trump promised in Davos this Thursday The world’s leading policymakers have been told to lower tariffs if they move production to the United States and threatened with tariffs if they don’t. Speaking by video from the White House at the annual summit in Switzerland, on his third full day in office, Trump reviews a series of executive actions He signed the oath, stating that he had received a “great mandate” from the American people to bring change.
“Make your products in the United States “We’re going to offer you the lowest tariffs in the world,” Trump said. “But if you don’t manufacture your product in the United States, which is your prerogative, then you’re simply going to have to pay a different tariff.” “A single tariff that would direct hundreds of billions, even trillions, of dollars into our treasury to strengthen our economy and pay off debt under the Trump administration.”
Experts say tariffsTaxes applied to incoming goods and services are mainly borne by the final consumer. In case of TrumpImpose tariffs on goods from Europe and the rest of the world instead it hurts purchasing power Internally and to the US economy, they say.
Trump met with the Crown Prince of Saudi Arabia on Wednesday.He also told those gathered in Davos that the kingdom wanted to invest $600 billion (575.6 billion euros) in the United States but would ask Crown Prince Mohammed bin Salman to increase that to $1 trillion (959 billion euros), which prompted some. Laughter erupted from the crowd in the room. Klaus Schwab, founder of DavosHe invited Trump to speak in person at next year’s summit.
