US President Donald Trump went through a long list of grievances while delivering his remarks during the World Economic Forum hosted in Davos, Switzerland, on Thursday. President Trump reiterated his concerns that the US trade deficit with Canada, which amounts to 4% of the total US trade deficit, is unsustainable. President Trump also introduced tax cuts for US companies, asked the Organization of the Petroleum Exporting Countries (OPEC) to reduce crude oil prices, and reiterated his ongoing threats to impose vague and sweeping tariffs on US imports from other countries. President Donald Trump also took the opportunity to remind everyone in Davos that he would single-handedly implement massive tax cuts while simultaneously reducing US deficit spending, and vowed to try to undermine the operational independence of the US Federal Reserve.
Key points
The United States has the most oil and gas of any country, and we will use it.
The US House of Representatives and Senate will pass tax-cutting measures.
Congress will approve the largest tax cut in American history.
I will ask OPEC to reduce oil prices.
I will ask Mohammed bin Salman for investments worth a trillion dollars.
I will demand lower interest rates.
I ask NATO countries to increase defense spending to 5% of GDP.
Tariffs imposed by the European Union make it very difficult to bring products into Europe.
I will do something about the trade deficit with the EU.
We need to double the capacity we have in the United States for AI to be as big as we want it to be.
I would raise the corporate tax rate to 15% if the product was made in the United States.
We cannot continue with our current trade deficit levels with Canada.
I want to wipe out the US debt, which will happen quickly.
I will meet Putin soon to end the war in Ukraine.
I see that relations between the United States and China are very good.