Rich People Trades
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Rich People Trades

Investing

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

by admin January 25, 2025
January 25, 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

previous post
Green River Gold Corp. Announces an Expansion into the Real Estate Development Business
next post
Rick Rule: Gold Stock Sweet Spot, Uranium’s New “Easy Money” Period

Related Posts

Ukraine Invites Australian Miners to Invest in Resources...

March 7, 2025

Coniagas Exploration Plan: Defining New Drill Targets and...

March 12, 2025

Quantum Biopharma Announces Completion of the Phase 1...

February 27, 2025

Binding Commitments Received for A$1.0 Million under Convertible...

April 28, 2025

CY25 Production Program Underway, First Gold Pour in...

January 29, 2025

Metallurgical Drilling Confirms Historic Grades at the Byro...

February 25, 2025

Trump Takes Aim at China with Deep-Sea Mining...

April 29, 2025

John Rubino: Gold on “Epic Run” as Chaos...

May 3, 2025

NorthStar Gaming Changes Date of Q4 and Year-End...

April 25, 2025

ITM and Radiopharm Sign Supply Agreement for n.c.a....

May 20, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


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

    Editors’ Picks

    • 1

      First lady Melania Trump’s new official portrait revealed

      January 28, 2025
    • 2

      Health experts prep Dem lawmakers on anti-vaccine arguments ahead of RFK Jr’s confirmation hearings

      January 28, 2025
    • 3

      ECOWAS pledges to ‘keep door open’ after 3 coup-hit West African nations exit regional bloc

      January 30, 2025
    • 4

      Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

      January 28, 2025
    • 5

      American fighters are dying in Ukraine in growing numbers. Bringing their bodies home is a complex task

      January 30, 2025
    • 6

      Scorched-earth Shanahan: RFK Jr’s former running mate threatens political war against confirmation opponents

      January 30, 2025
    • 7

      Coral bleaching on Australia’s Great Barrier Reef reaches ‘catastrophic’ levels, study finds

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: richpeopletrades.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 richpeopletrades.com | All Rights Reserved