United States (US) President Donald Trump ran through a long list of grievances while delivering his remarks during the World Economic Forum hosted in Davos, Switzerland on Thursday. President Trump reiterated his concerns that the US' trade deficit with Canada, which amounts to 4% of the US' total trade imbalance, is unsustainable. President Trump also floated tax cuts for US businesses, asking the Organization of the Petroleum Exporting Countries (OPEC) to lower Crude Oil prices, and re-floated his ongoing threats of ambiguous, sweeping tariffs on US imports from other countries. President Donald Trump also took the opportunity to remind everyone at Davos that he will single-handedly deliver extreme tax cuts while simultaneously shrinking the US spending deficit, and also vowed to attempt to subvert the operational independence of the US Federal Reserve (Fed).
US has largest amount of oil and gas of any country and we are going to use it.
US House and Senate will pass tax-cut measures.
Congress will pass the largest tax cut in American history.
I will ask OPEC to lower oil prices.
I will ask Saudi's MBS for $1 trillion in investments.
I will demand lower interest rates.
I'm asking NATO nations to increase defense spending to 5% of GDP.
EU tariffs make it very difficult to bring products into Europe.
I will do something about the trade deficit with the EU.
We need double the energy we have in the US for AI to be as big as we want it.
I will bring the corporate tax rate to 15% if the product is made in the US.
We can't continue current trade deficit levels with Canada.
I want to obliterate US debt, which will happen rapidly.
I will meet Putin soon to end the war in Ukraine.
I see US-China relationship being very good.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.