Trump tells Davos ‘America is open for business’ with plan for interest rate and tax cuts
January 23, 2025
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6:53Biden scorns the rule of law with last-day pardons — especially for Fauci
0:35Now PlayingTrump tells Davos ‘America is open for business’ with plan for interest rate and tax cuts
YouTube Description
as posted by the channelPresident Trump said Thursday he wants interest rates to “drop immediately” — and that he plans to “demand” reductions alongside an anticipated dip in global oil prices.
Trump, 78, said he intends to pressure oil-producing nations to boost their output to lower global costs — after crude oil prices already dropped about 3.6% since his inauguration on Monday.
“With oil prices going down, I’ll demand that interest rates drop immediately. And likewise, they should be dropping all over the world. Interest rates should follow us,” Trump said in a webcast speech to the World Economic Forum in Davos, Switzerland.
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