Trump Urges Foreign Companies to Shift Production to the U.S. or Face Tariffs

In a video address to the World Economic Forum, President Trump outlined plans to bolster U.S. industry, lower taxes, and address global trade imbalances.

• President Trump, speaking via video at the World Economic Forum in Davos, called on foreign companies to relocate production to the U.S., offering lower taxes as an incentive and threatening tariffs for non-compliance.
• Trump criticized the European Union for what he described as unfair trade practices, particularly in the automotive and agricultural sectors, and vowed to address trade imbalances.
• The president highlighted plans to reduce corporate tax rates from 21% to 15% and emphasized his administration's focus on deregulation and energy production, including increased natural gas extraction.
• Trump reiterated his commitment to ending the war in Ukraine, suggesting that lower oil prices could pressure Russia and expressing openness to talks with Vladimir Putin to seek a resolution.
• He also mentioned potential nuclear disarmament talks involving the U.S., Russia, and China, aiming to reduce global nuclear arsenals.

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