In a virtual address at the World Economic Forum in Davos, US President Donald Trump urged Saudi Arabia and other OPEC nations to increase oil production, believing it could help end the Russia-Ukraine war by lowering oil prices. Trump also criticized European Union taxes and threatened tariffs on foreign companies not manufacturing in the US, claiming they would boost American revenue. He called for an immediate reduction in interest rates, blaming high rates and deficits for economic chaos under President Biden's policies. Trump also reiterated his energy policies, emphasizing US energy independence and fossil fuel production while dismantling Biden-era climate initiatives. He expressed hope that China could help mediate peace in Ukraine, while pushing for further investments in AI and energy infrastructure in the US. Continue here.
