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Trump Tells Davos Elite to Invest in US or Face Tariffs

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President Donald Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil” and reiterated his threat to use tariffs to bring manufacturing back to the US as he addressed world leaders gathered in Davos on Thursday. #trump #politics #davos #wef #worldnews #saudiarabia #opec
Trump also said he would demand an immediate drop in interest rates, which he said had ratcheted up deficits and resulted in what he cast as economic calamity under the tenure of his predecessor, Joe Biden.
“This begins with confronting the economic chaos caused by the failed policies of the last administration,” Trump said. “Over the past four years, our government racked up $8 trillion in wasteful deficit spending and inflicted nation wrecking energy restrictions, crippling regulations and hidden taxes like never before.”
The president told leaders a key push in his second term would be using tariffs to drive manufacturing back to the United States.
“If you don’t make your product in America, which is your prerogative, then very simply, you will have to pay a tariff, differing amounts, but a tariff which will direct hundreds of billions of dollars, and even trillions of dollars into our Treasury,” Trump said.
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Trump also said he would demand an immediate drop in interest rates, which he said had ratcheted up deficits and resulted in what he cast as economic calamity under the tenure of his predecessor, Joe Biden.
“This begins with confronting the economic chaos caused by the failed policies of the last administration,” Trump said. “Over the past four years, our government racked up $8 trillion in wasteful deficit spending and inflicted nation wrecking energy restrictions, crippling regulations and hidden taxes like never before.”
The president told leaders a key push in his second term would be using tariffs to drive manufacturing back to the United States.
“If you don’t make your product in America, which is your prerogative, then very simply, you will have to pay a tariff, differing amounts, but a tariff which will direct hundreds of billions of dollars, and even trillions of dollars into our Treasury,” Trump said.
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Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
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