- Trump’s first remarks to world leaders since his inauguration.
- The American president severely criticizes his allies, Canada and the European Union.
- He declares that he will ask Saudi Arabia and OPEC to reduce the cost of oil.
US President Donald Trump told business leaders at the Davos World Economic Forum in Switzerland that he wanted to reduce world oil prices, interest rates and taxes, and warned that they would be Faced with customs duties if they manufactured their products abroad.
“I will demand that interest rates drop immediately. And likewise, they should drop all over the world,” Trump said on video conferencing on Thursday.
“I will also ask Saudi Arabia and OPEC to lower the price of oil.”
These remarks were the first of the four days of Trump’s presidency addressed to economic and political leaders around the world, at a time when the markets are worried about its tariffs extended on imported products.
Oil prices have become negative when Trump spoke, while the euro dropped and the US dollar has oscillated between gains and losses compared to a basket of foreign currencies.
Some of his most severe criticisms were reserved for the traditional allies of the United States, Canada and the European Union, which he again threatened with new customs duties, while repressing their import policies, blaming them for The United States trade deficit with these partners.
“One thing we are going to demand is that we will demand respect for other nations. From Canada. We have a huge deficit with Canada. We will not have this anywhere,” he said.
People have applauded when Trump’s face appeared on the big screen. Trump, whose first elected post was the White House, listed the rapid changes he made since his swearing in Monday.
He also strongly criticized his predecessor Joe Biden and the policies that have dominated in Davos for years, from policies on climate change to diversity. Former American Secretary of State John Kerry, who served under Biden, has visibly grimacted while listening.
Trump has promised to reduce inflation thanks to a combination of customs duties, deregulation and tax reductions, as well as repressing illegal immigration and undertaking to make the United States a hub of Artificial intelligence, cryptocurrencies and fossil fuels. He also criticized tax levels in the European Union.
“The United States has the largest amount of oil and gas from all countries on the planet, and we’re going to use it,” said Trump. “Not only will this reduce the cost of almost all goods and services, but it will make the United States a manufacturing superpower.”
The Davos Forum gave a handful of business leaders the opportunity to publicly question the president on issues that affect their businesses or, in some cases, their investments, specific projects and interests.
Trump repeated a series of familiar lies: that the United States looked and the purest water in his first mandate, which he had won a broad mandate in the United States, that he existed United States a “New Deal Green” which he had repealed. .
Among the business leaders were Brian Moynihan, CEO of Bank of America, Stephen Schwarzman, CEO of Blackstone Group, as well as Patrick Pouyanne, CEO of Totalenergies, Borge Brende, CEO of the WEF and Klaus Schwab, founder of the WEF.
More than a thousand leaders, officials and other people around the world have filled the main room of the Trump’s speech, including Polish President Andrzej Duda.
Business leaders are impatient to learn more about Trump’s concrete projects in matters of customs duties after threatening to impose extensive customs duties and suggested that they could start on February 1.
Trump acted quickly to repress immigration, increase national energy production and threatened to impose customs duties raised on the European Union, China, Mexico and Canada.
Trump also withdrew the United States from the World Health Organization and the Paris climate agreement. He says he will rename the Gulf of Mexico Gulf of America, even if other countries may not adopt the new name. He also threatened to take over the Panama canal in Panama.
He pardoned more than 1,500 supporters who attacked the American Capitol on January 6, 2021, in an unsuccessful attempt to cancel his electoral defeat of 2020, aroused the indignation of the legislators and the police whose life was endangered .
Trump is preparing to dismantle diversity programs within the US government and put pressure on the private sector to do the same. Some residents of Davos are therefore looking for new words to describe practices in the workplace they consider essential to their business.