TRUMP WARNS GLOBAL LEADERS TO MAKE PRODUCTS IN AMERICA OR FACE TARIFFS
US President, Donald Trump has said he will put tariffs on all goods entering into the US while simultaneously suggesting that a major reduction in oil prices will “immediat…
Dailyreelsblog
January 24, 2025
US President, Donald Trump has said he will put tariffs on all goods entering into the US while simultaneously suggesting that a major reduction in oil prices will “immediately” stop the Russia-Ukraine war.
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These tariffs will come at “differing amounts” and would direct hundreds of billions of dollars, if not trillions, to strengthen the US economy and pay down debt.
“If you don’t make your product in America, which is your prerogative, then very simply, you will have to pay a tariff,” he told business and political leaders at the World Economic Forum (WEF) in Davos, Switzerland by video link.
Trump also announced he would be asking Saudi Arabia and OPEC to bring down the cost of oil.
He said:
“If the price came down, the Russia-Ukraine war would end immediately. Right now, the price is high enough that that war will continue – you got to bring down the oil price,”
He would be asking Saudi Arabia to increase a planned US investment package to $1 trillion from an initial $600 billion.
In his address to the Davos forum on Thursday, January 23, he launched another attack on the previous US administration, Trump said his government is acting with unprecedented speed to fix the “disasters” inherited from “a totally inept group of people”.
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