US President Donald Trump

United States (US) President Donald Trump listed a long list of grievances while delivering his speech during the World Economic Forum held in Davos, Switzerland, on Thursday. President Trump reiterated his concerns that the US trade deficit with Canada, which amounts to 4% of the total US trade imbalance, is unsustainable. President Trump also proposed tax cuts for U.S. companies, called on the Organization of the Petroleum Exporting Countries (OPEC) to lower crude oil prices, and restated his ongoing threats of ambiguous and widespread tariffs on U.S. imports of other countries. President Donald Trump also took the opportunity to remind everyone in Davos that he will only deliver extreme tax cuts while simultaneously reducing the US spending deficit, and also promised to try to subvert the operational independence of the Federal Reserve (Fed). from USA

Highlights

The US has the most oil and gas of any country and we are going to use it.

The US House of Representatives and Senate will approve tax cut measures.

Congress will approve the largest tax cut in US history.

I will ask OPEC to lower oil prices.

I will ask MBS of Saudi Arabia for 1 billion dollars in investments.

I will demand lower interest rates.

I am calling on NATO nations to increase defense spending to 5% of GDP.

EU tariffs make it very difficult for products to enter Europe.

I will do something about the trade deficit with the EU.

We need twice the energy we have in the US to make AI as big as we want.

I will bring the corporate tax rate to 15% if the product is made in the USA.

We cannot continue with current levels of trade deficit with Canada.

I want to eliminate US debt, which will happen quickly.

I will meet with Putin soon to end the war in Ukraine.

I see that the US-China relationship will be very good.

Source: Fx Street

You may also like