Trump tells Davos elite to invest in US or face tariffs
President Donald Trump used an address Thursday to the World Economic Forum to promise global elites lower taxes if they bring manufacturing to the U.S. and threatened to impose tariffs if they don맥스카지노t.
Speaking by video from the White House to the annual summit in Davos, Switzerland, on his third full day in office, Trump ran through his flurry of executive actions since his swearing-in and claimed that he had a 맥스카지노massive mandate맥스카지노 from the American people to bring change. He laid out a carrot-and-stick approach for private investment in the U.S.
맥스카지노Come make your product in America and we will give you among the lowest taxes as any nation on earth,맥스카지노 Trump said. 맥스카지노But if you don맥스카지노t make your product in America, which is your prerogative, then very simply, you will have to pay a tariff 맥스카지노 differing amounts 맥스카지노 but a tariff, which will direct hundreds of billions of dollars and even trillions of dollars into our treasury to strengthen our economy and pay down debt under the Trump administration.맥스카지노
Trump, who spoke Wednesday to Saudi Arabia맥스카지노s crown prince, also said Thursday that the kingdom wants to invest $600 billion in the U.S. but that he would ask Crown Prince Mohammed bin Salman to increase it to $1 trillion. The remark drew some laughter from the crowd in the hall in Davos.
Introducing Trump, Davos founder Klaus Schwab told the new president that his return and his agenda have 맥스카지노been at the focus of our discussions this week.맥스카지노 He invited Trump to speak at the summit in person next year.
Trump, who promised to end the Russia-Ukraine war before taking office, said it remained a top priority, but he offered few clues for how he would do so.
맥스카지노One thing very important: I really would like to be able to meet with President Putin soon and get that war ended,맥스카지노 Trump told the Davos audience. 맥스카지노We really have to stop that war. That war is horrible맥스카지노
Earlier in his address to the forum, Trump laid blame on the OPEC+ alliance of oil exporting countries for keeping the price of oil too high for much of the nearly three-year war. Oil sales are the economic engine driving Moscow맥스카지노s economy.
맥스카지노If the price came down, the Russia-Ukraine war would end immediately,맥스카지노 Trump said. He added about OPEC+, 맥스카지노They are very responsible to a certain extent for what맥스카지노s taking place.맥스카지노
Oil prices have more recently slumped due to weaker-than-expected demand from China as well as increased production from countries such as Brazil and Argentina that aren맥스카지노t in OPEC+.
In the largest hall in the Davos Congress Center 맥스카지노 seating capacity 850 맥스카지노 Trump맥스카지노s appearance drew nearly standing-room-only turnout. The crowd included diplomats, human rights advocates, academics and business leaders. His return to the White House and his barrage of executive orders have been the talk of the town this week in the snowy Swiss town.
At times, Trump drew a few groans, like when he derided 맥스카지노inept맥스카지노 members of the outgoing Biden administration. The loudest laughter came when WEF President Borge Brende said Trump had called Chinese President Xi Jinping over the weekend, and the U.S. leader quickly corrected him: 맥스카지노He called me.맥스카지노
The reaction from the audience was mixed. Some attendees enjoyed the attention from Trump.
맥스카지노I was impressed (by) the force of his convictions and by what he said. I don맥스카지노t share his opinion on many topics, but I thought he was well prepared and knew who he was talking to,맥스카지노 said Benedict Fontanet, a Swiss lawyer.
Others cringed at the 맥스카지노America First맥스카지노 ambitions of Trump yet again.
맥스카지노It맥스카지노s absolute determination to 맥스카지노make America great again맥스카지노 at the expense of the rest of the world,맥스카지노 said Agnes Callamard, secretary general of Amnesty International. 맥스카지노It맥스카지노s favoring American workers at the expense of workers everywhere ... There맥스카지노s nothing, nothing about the rest of the world.맥스카지노
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Keaten reported from Davos, Switzerland. Associated Press writers David Keyton in Davos and Aamer Madhani in Washington contributed to this report.