On January 23, U.S. President Trump delivered a speech via video at the World Economic Forum 2025 annual meeting in Davos, Switzerland, once again emphasizing his "America First" policy. He clearly stated that global companies not manufacturing in the United States would face steep tariffs and promised to significantly lower U.S. corporate taxes to attract more manufacturing back to the U.S.
Trump stated that the core message he conveyed to global companies was “produce products in the U.S.”, or face tariffs of “hundreds of billions or even trillions of dollars.” He also promised that for companies choosing to set up factories in the U.S., corporate tax rates would be reduced to 15% as an incentive. He stressed that the goal of these policies is to boost the U.S. economy, increase employment, and ensure funds flow into the U.S. Treasury.
Criticizing EU Tariffs and Promising Enhanced Energy Cooperation
In his speech, Trump also criticized the EU’s high tariff policies and excessive regulatory restrictions, stating that the massive trade deficit between the U.S. and the EU is "very unfair" to the United States. He warned that measures would be taken to address these issues to protect U.S. economic interests.
Meanwhile, Trump pledged to strengthen energy cooperation with Europe, especially in terms of natural gas supply. He stated that the U.S. would supply more liquefied natural gas to the EU and work to establish new energy agreements with European countries to enhance U.S.-EU energy partnerships.
Calling for Reduced Oil Costs and Intervening in the Global Oil Market
In his speech, Trump mentioned plans to significantly intervene in the global oil market and urged OPEC countries like Saudi Arabia to take measures to “reduce oil costs.” He stated that high energy costs burden the global economy, and the U.S. would strive to make oil prices more reasonable through intervention.
Calling for Peaceful Resolution of the Russia-Ukraine Conflict
Additionally, Trump addressed the current Russia-Ukraine conflict. He stated that the U.S. would push for a peaceful resolution to the conflict, emphasizing the importance of diplomatic means in resolving the issue.
Broad Policy Impacts Attract Attention
Trump's speech at Davos covered a wide range of topics, including trade, energy, taxation, and international geopolitics. His strong statements and policy commitments drew significant attention from global companies and markets. Analysts noted that if these policies are implemented, they would have a profound impact on the global economic landscape and corporate investment strategies, while also increasing trade friction and economic uncertainty in some regions. Going forward, Trump's specific actions will become a critical variable in global economic dynamics.
