In a televised virtual speech to world leaders in Davos, US President Donald Trump today laid out a number of promises for his second term, including cuts to government spending, promises to fight “economic chaos” and an increase in public debt. . He also talked about trade, saying he would use tariffs to revive manufacturing in the U.S. — adding that tariffs could be imposed on goods from China and the European Union. The speech also touched on inflation, which he said could be reduced by pushing OPEC countries to lower oil prices, a move that would lower interest rates in the United States. . Trump said it could also pressure Russia to end the war in Ukraine. Other plans announced in the speech included a promise to crack down on undocumented migration.
This is Trump’s first speech at the World Economic Forum since 2020. At this year’s gathering of finance and business CEOs, central bank governors and political officials, Trump’s return to the White House dominated the conversation, with a mix of excitement and concern for his policy. The platform
