Trump Urges Global Leaders to Manufacture in the U.S. or Face Tariffs
In his first major address to global leaders after returning to the White House, U.S. President Donald Trump warned business leaders on Thursday that they would either have to manufacture their products in the United States or face steep tariffs.
Trump, who has taken office once again this week, reiterated his stance that the U.S. could impose heavy tariffs on key trade partners, including Canada, Mexico, and China, starting February 1.
He also signed several executive orders, such as withdrawing the U.S. from the Paris Climate Accords and the World Health Organization.
“Make your products in America, and we will offer you some of the lowest taxes in the world,” Trump told the World Economic Forum in Davos, Switzerland, via a remote speech.
“But if you choose not to manufacture in America, then you will simply have to pay a tariff.”
During his speech, Trump also addressed the ongoing conflict in Ukraine, suggesting that lowering oil prices could lead to an immediate resolution.
He indicated that he would ask Saudi Arabia and OPEC to reduce oil costs, believing that doing so would bring the Russia-Ukraine war to an end.
“The high cost of oil is keeping that war alive,” Trump asserted.
“If prices were lowered, the war would stop right away.”
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