Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Investing

Trump Calls for Lower Oil Prices, Tariffs and Interest Rate Cuts in WEF Address

by Invest Daily Pro
January 24, 2025
in Investing
0
Trump Calls for Lower Oil Prices, Tariffs and Interest Rate Cuts in WEF Address
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

US President Donald Trump addressed world leaders and business executives at the World Economic Forum (WEF) in Davos, Switzerland, calling for Saudi Arabia and OPEC nations to lower oil prices.

Trump criticized the economic policies of the Biden administration, attributing recent challenges, including high deficits, to regulatory and fiscal decisions made during Joe Biden’s term as president.

“Over the past four years, our government racked up $8 trillion in wasteful deficit spending and inflicted nation wrecking energy restrictions, crippling regulations and hidden taxes like never before,” Bloomberg quotes Trump as saying.

The newly inaugurated president emphasized the need to confront what he termed ‘economic chaos,’ explaining that the overall goal is to re-centralize the US as the premier hub for manufacturing.

Further, Trump announced plans to press Saudi Arabia and OPEC to reduce the cost of oil, which he suggested will alleviate inflation and prompt central banks to lower interest rates.

“You gotta bring down the oil price, that will end that war. You could end that war,” he added, referring to the Russia-Ukraine war and claiming that lower prices could pressure Russia to end the conflict.

A significant part of Trump’s address was devoted to advocating for tariffs as a tool to bolster US manufacturing.

He reiterated his administration’s stance that companies manufacturing outside the US will face tariffs. Trump argued that this policy will drive significant revenue for the US, while encouraging companies to invest domestically.

“If you don’t make your product in America, which is your prerogative, then very simply, you will have to pay a tariff, differing amounts, but a tariff which will direct hundreds of billions of dollars, and even trillions of dollars into our Treasury,” he maintained to WEF attendees.

Energy policy reversal and focus on domestic production

Domestically, Trump has taken steps to reverse Biden-era policies on climate change and energy.

These include efforts to boost US fossil fuel production, and to review of subsidies for renewable energy and electric vehicles. Trump has emphasized his focus on ensuring energy independence and replenishing US oil reserves.

His administration’s energy policies have already drawn mixed reactions.

While some business leaders view increased domestic production as a positive step for economic stability, others worry about the implications for international energy markets and long-term climate goals.

Furthermore, Trump’s recent signing of an executive order that has opened Alaska to resource development — a reversal of yet another Biden policy — was met with criticism, including economic and environmental concerns.

Trump has also reiterated his commitment to reshaping US trade relationships, citing ongoing reviews of trade agreements and plans to impose additional tariffs on countries like China, Canada and Mexico.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

ShareTweetPin

Related Posts

Quimbaya Gold Announces Termination of LOI with Denarius Metals
Investing

Quimbaya Gold Announces Termination of LOI with Denarius Metals

August 2, 2025
Top 5 Canadian Mining Stocks This Week: Helius Metals Jumps 67 Percent
Investing

Top 5 Canadian Mining Stocks This Week: Helius Metals Jumps 67 Percent

August 2, 2025
Stallion Uranium Announces Update to Previously Announced Technology Licensing Agreement
Investing

Stallion Uranium Announces Update to Previously Announced Technology Licensing Agreement

August 1, 2025
Silver Crown Announces Amendment
Investing

Silver Crown Announces Amendment

August 1, 2025
Psychedelics Market Update: H1 2025 in Review
Investing

Psychedelics Market Update: H1 2025 in Review

July 31, 2025
Psychedelics Market Update: H1 2025 in Review
Investing

Psychedelics Market Update: H1 2025 in Review

July 31, 2025
Next Post
5 US Longevity and Anti-aging Stocks to Watch in 2025

5 US Longevity and Anti-aging Stocks to Watch in 2025

Recommended

Stock brokerages told to comply with reportorial rules

Stock brokerages told to comply with reportorial rules

January 5, 2025
Brownlee, Durham, Hollis-Jefferson lead imports in PBA Season 49 Governors’ Cup

Brownlee, Durham, Hollis-Jefferson lead imports in PBA Season 49 Governors’ Cup

August 15, 2024
Whole-of-nation approach needed to combat human trafficking in PHL

Whole-of-nation approach needed to combat human trafficking in PHL

August 28, 2024
Alternergy keen on green energy auctions this year

Alternergy keen on green energy auctions this year

September 29, 2024
Quizon closes in on GM rating as he beats GM Amin

Quizon closes in on GM rating as he beats GM Amin

August 20, 2024
2024 Top Software & Tech Award Presented to Fizyr

2024 Top Software & Tech Award Presented to Fizyr

December 11, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investdailypro.com | All Rights Reserved