Trump Promises Lower Taxes for U.S. Manufacturing at Davos Forum

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At the World Economic Forum held in Davos, Switzerland, President Donald Trump addressed global leaders and business executives, promoting his 'Make In America' initiative. He announced that companies investing in U.S. manufacturing would benefit from significantly lower taxes, whereas those opting not to manufacture in the U.S. could face high tariffs.

Trump emphasized, "Come make your product in America and we will give you among the lowest taxes of any nation on earth." He asserted that the U.S. remains the best place to conduct business. In his remarks, he also stated that his administration would focus on deregulation and positioning the U.S. as a leader in artificial intelligence and cryptocurrencies.

Furthermore, Trump linked energy production to economic strength, asserting that extensive fossil fuel resources would be utilized to enhance manufacturing capabilities and reduce consumer prices. He also called for a decrease in interest rates and mentioned his administration's stance on gender identity, affirming a binary view of gender.

Trump concluded by suggesting that lowering oil prices could be key to resolving the ongoing conflict in Ukraine, claiming that a price reduction would lead to an immediate end to the war.

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