Donald Trump in Davos: US President Donald Trump addressed the World Economic Forum (WEF) on 23 January 2025 through video conferencing in Davos, Switzerland. Speaking from the White House, Trump focused on economic issues. He tried to woo companies to bring production in America. Apart from this, he talked about imposing tariffs for not accepting the conditions and reiterated its commitment to end the Russia-Ukraine war.
During his speech, Trump insisted on rebuilding the US industry, which matches his first America policy. She promised a large -scale tax deduction to those companies that will bring their production to America. He said that do our production in America and we will impose the least tax on you from any country in the world.
President Trump Gives Remarks to World Economic Forum
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Trump’s warning to companies
Trump warned companies who produce their production in other countries except America. On this, he said that if you do not produce in America, then you will have to pay a tariff charge. The tariff claimed to have a profit of hundreds of billions of dollars to the US economy, which will help in filling the American treasury and reduce the debt.
Impact on global businesses
Trump’s policy can bring significant results for multinational companies, especially for companies that are largely dependent on abroad. Applying tariffs may be forced to reconsider their production strategies, especially electronics, automotive and consumer related things, which do a large part of their production abroad.
Analysts say that tax deduction can make America a more attractive destination for businesses, but can cause tension in the tariff market. Especially with countries that depend on exports to the US.
Target to invest $ 1 trillion in Saudi
In his speech, Trump also mentioned his conversation with Saudi Crown Prince Mohammed bin Salman. He revealed that Saudi Arabia is planning to invest $ 600 billion in the US. Trump said that he would try to increase this investment to $ 1 trillion. Some people present in Davos reacted in laughter, but Trump maintained his confidence to achieve this goal.
Economic importance
Trump’s relationship with Saudi Arabia has been a major pillar of his foreign policy. If this investment of $ 1 trillion is successful, it will be a significant boost for the US economy, which will provide funding to infrastructure projects and create jobs in different fields.
Trump’s plan on Russia-Ukraine War
A major part of Trump’s 2025 speech was the emphasis on ending the Russia-Ukraine war, which he described as a major priority during his election campaign. Although he did not give much information about how he would solve the issue, but he reiterated that it remains the top priority of his government. He said in WEF that I want to meet President Putin soon and I want to end this war. We have to stop this terrible war.
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