President Trump Goes Where No President Has Gone Before On Taxes and Tariffs

24th January 2025

Donald Trump reiterated his "America First" trade policy at the World Economic Forum in Davos, emphasizing that businesses should manufacture their products in the US to avoid tariffs. He promised low taxes for those who comply and tariffs for those who don't, aiming to direct significant revenue into the US treasury.

Trump also highlighted that under his administration, the US would be the best place to create jobs, build factories, and run companies. He called on OPEC to lower oil prices to help end the Russia-Ukraine war and urged the US Federal Reserve to cut interest rates, blaming high rates for economic issues.

Additionally, Trump announced the end of Joe Biden's Green New Deal, referring to it as the "green new scam". This package of climate incentives had cost US taxpayers $370 billion