Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

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

by admin January 24, 2025
January 24, 2025
Trump Calls for Lower Oil Prices, Tariffs and Interest Rate Cuts in WEF Address

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

0
FacebookTwitterGoogle +Pinterest
previous post
Retail crime ‘queenpin’ to pay millions in restitution to retailers for theft ring
next post
Potash Fertilizers: What’s the Difference Between SOP and MOP?

Related Posts

December Quarterly Appendix 4C

January 31, 2025

Cannabis Round-Up: DEA Proposes Rescheduling, Canada Ignores Company...

May 6, 2024

Pinnacle Closes Non-Brokered Private Placement

May 30, 2024

5 Top Weekly TSX Stocks: New Gold Rises...

October 9, 2023

African Gold Announces Transformational Strategic Partnership with Montage...

March 25, 2025

Nickel Price 2023 Year-End Review

January 3, 2024

Awalé Announces Closing of C$11.5 Million “Bought Deal”...

May 9, 2024

White Gold Corp. Discovers 1 km Long Gold-In-Soil...

February 23, 2024

Crescent Point to Acquire SilverBow in US$2.1 Billion...

May 17, 2024

Group Eleven Intersects 15.6m of 11.6% Zn+Pb, 122...

February 6, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Latest

    • Larry Williams on the Fed, Interest Rates & Markets! What’s Next?

    • Top Sectors to Watch + The 18 SMA Setup Every Trader Should Know

    • Platinum Price Breaks Out as Chinese Demand and Global Shortfalls Ignite Rally

    • Freegold Provides Update on 2025 Drill Program

    • Coelacanth Announces Q1 2025 Financial and Operating Results

    • Silver Stocks and the Land Grab for Silver Assets

    Categories

    • Business (1,218)
    • Investing (2,493)
    • Politics (3,699)
    • Stocks (1,608)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) 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.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved