United States President Donald Trump has delivered the first international speech of his second term, appearing via livestream before the World Economic Forum in Davos, Switzerland. Differing amounts, but a tariff. Trump, a real estate magnate and former reality TV star, faced a largely friendly audience at the Davos forum, known for bringing together some of the biggest business leaders in the world. Many of those who raised questions after his speech were introduced as people Trump knew well β or even self-identified as his friend.
He also repeated his usual list of grievances, including against his predecessor, former President Joe Biden, and members of the previous administration. The Republican Party leader led his speech with a broad appeal to business leaders across the world, calling on them to move their industries to the US. He touted plans to slash corporate taxes and lower interest rates to create a climate favourable to business growth.
But, he warned, there would be tariffs imposed on businesses that refuse to invest in this vision of US success. Already, in recent months, Trump has threatened to impose tariffs of up to 60 percent on Chinese goods and percent tariffs on items from Mexico and Canada.
The president, however, reserved special ire for the EU, which he accused of imposing cumbersome regulations and attacking US businesses. Most economists believe deficits are not necessarily a sign of trouble: The imbalance in trade can be the result of numerous factors, including differences in currency value and consumer spending habits.
But Trump has zeroed in on trade deficits as a sign of economic weakness, and he has once again pledged to eliminate them, as he vowed in his first term, from to Yet they send cars to us by the millions.
