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President Trump’s video address to the World Economic Forum in Davos presented a clear carrot-and-stick approach to global business leaders on his third day in office.
He promised among the lowest taxes worldwide for companies manufacturing in America while warning of substantial tariffs for those who don’t, suggesting these penalties could generate “trillions of dollars” for the US treasury. The speech drew a packed audience of 850 in Davos’s largest hall, with mixed reactions from attendees.
Trump’s appearance included notable moments such as his claim about Saudi Arabia’s planned $600 billion investment, which he suggested could increase to $1 trillion, drawing laughter from the audience. He also addressed the Russia-Ukraine conflict, expressing desire to meet with Putin while criticizing OPEC+ for maintaining high oil prices that he believes sustain the war.
