In his first major international appearance since returning to the White House, Donald Trump delivered a fiery address at the World Economic Forum (WEF) in Davos, Switzerland, taking aim at European regulators, oil producers, and major financial institutions. Trump vowed to make the U.S. a manufacturing superpower and the world capital of artificial intelligence and cryptocurrency, while also calling for immediate interest rate reductions by the Federal Reserve.
Donald Trump , in his first major international appearance since returning to the White House, delivered a fiery 45-minute address at the World Economic Forum ( WEF ) in Davos , Switzerland, on Thursday. From his virtual stage, Trump launched a broadside against Europe an regulators, oil producers, and major financial institutions, vowing to reshape America's economic landscape. He accused Europe an regulators of unfairly targeting U.S.
tech companies, criticized oil producers for their pricing strategies, and called for immediate interest rate reductions by the Federal Reserve. 'I'll demand that interest rates drop immediately,' Trump stated. 'And likewise, they should be dropping all over the world. Interest rates should follow us all over.' This declaration was widely interpreted as the opening salvo in a lobbying campaign targeting Federal Reserve Chair Jerome Powell. \Trump also emphasized his intention to bolster American energy independence and manufacturing, claiming the U.S. possesses the world's largest reserves of oil and gas. He asserted that utilizing these resources would not only reduce the cost of goods and services but would also propel the United States into a dominant position in artificial intelligence and cryptocurrency. 'The United States has the largest amount of oil and gas of any country on Earth, and we're going to use it,' Trump said. 'Not only will this reduce the cost of virtually all goods and services, it will make the United States a manufacturing superpower, and the world capital of artificial intelligence and crypto,' he added. Furthermore, Trump pledged to persuade Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) to lower oil prices. He also highlighted his recent executive order directing U.S. agencies to dismantle decades-old Diversity, Equity, and Inclusion (DEI) initiatives within the federal workforce. 'My administration has taken action to abolish all discriminatory Diversity Equity and Inclusion nonsense ... policies that were absolute nonsense throughout the government and the private sector,' Trump proclaimed
DONALD TRUMP WORLD ECONOMIC FORUM WEF DAVOS UNITED STATES MANUFACTURING ENERGY INTEREST RATES FEDERAL RESERVE OIL PRICES EUROPE SAUDI ARABIA OPEC DIVERSITY EQUITY INCLUSION
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