Trump Promises Tax Cuts for 'Made in America' Products at Davos

During a video conference address at the World Economic Forum in Davos, Switzerland, U.S. President Donald Trump announced a new initiative aimed at encouraging companies to invest in American manufacturing. Trump stated that businesses that choose to produce their goods in the United States would benefit from significantly lower tax rates. Conversely, he warned that companies that opt to manufacture outside of the U.S. could face substantial tariffs.

Trump emphasized his 'Make In America' strategy by inviting international business leaders to establish operations in the U.S., saying, "Come make your product in America, and we will give you among the lowest taxes of any nation on earth." The President also outlined plans for deregulation, promoting the U.S. as a leading hub for artificial intelligence and cryptocurrencies, and reiterated a commitment to extending tax cuts introduced during his first term.

Another key focus of his speech was energy policy. Trump argued that the U.S. needs to fully exploit its abundant fossil fuel resources to bolster its economy and manufacturing capabilities, stating that this approach would ultimately decrease costs across various sectors. He also called for a reduction in global interest rates, asserting, “I’ll demand that interest rates drop immediately.”

Additionally, Trump discussed social issues, reaffirming the U.S. government's stance on gender matters, stating only two genders exist, and proposed that gender surgeries would be rare.

The address concluded with comments on the ongoing Russia-Ukraine conflict, where Trump suggested that a reduction in oil prices by OPEC could potentially end the war.