Catenaa, Thursday, January 30, 2025 (Wrapup) – US President Donald Trump told global business leaders last Thursday that they must bring manufacturing back to the US or face tariffs, while also pressing the OPEC alliance to lower oil prices, saying it would help end the Russia-Ukraine war.
Speaking via video to the World Economic Forum which was held last week at Davos, Trump offered a mix of incentives and warnings to multinational corporations.
Addressing global energy prices, Trump blamed OPEC+ for keeping oil prices artificially high, saying it fuels Moscow’s war efforts.
Trump’s speech, one of the most anticipated at Davos, packed the forum’s largest hall.
His return to the White House and swift policy moves have been a major talking point throughout the week.
His statements sparked divided reactions. Some praised his forceful approach to economic policy, while others criticized his ‘America First’ stance as protectionist.
Amnesty International’s Secretary General Agnes Callamard dismissed his comments as “favoring American workers at the expense of workers everywhere.”
