US President Donald Trump used a virtual appearance at the World Economic Forum in Davos, Switzerland, to air some grievances while making additional tariff threats. This time it was against European Union nations, as he told them to make their goods in America or face penalties. While Trump has delayed his central campaign promise to levy tariffs on China his first day in office, he has gone on to threaten a 25% tariff on Canada and Mexico, two key US trading partners who have promised swift retribution.
Trump, 78, appeared on a video feed that showed him flanked by a jumbo-sized image of the seal on the president’s Resolute Desk in the Oval Office. He managed to send oil prices lower when he announced he would push OPEC to cut crude prices, though similar efforts by earlier presidents—including Trump himself—have often fallen on deaf ears.
