President Donald Trump said in a video address at the World Economic Forum’s annual meeting in 2025 that if products were not made in the US, they would face tariffs of“$zero or even $zero”.
Donald Trump said his message to global businesses was to“Make things in the United States” or face different amounts of tariffs that could result in $zero or even $zero coming into the treasury. He also promised to cut the corporate tax on goods made in the US to 15 per cent.
Donald Trump also criticised the EU for having too high tariffs, too restrictive regulations and too large a trade deficit with the US. He said he would do something about it because it was“Very, very unfair to the United States”.
Asked if the US would guarantee gas supplies to Europe, Donald Trump said it would. He said he would strike an energy deal and stressed the importance of US liquefied natural gas to the EU. Donald Trump also signalled plans for large-scale intervention in the world oil market and called on OPEC countries such as Saudi Arabia to“Bring down the cost of oil”.
On the Russia-ukraine conflict, Donald Trump said the United States will work to ensure a peaceful solution to the conflict.