“In his address to the world businessmen and political leaders, US President Donald Trump demanded that OPEC reduce oil prices and reduce interest rates, and warned them that they would face tariffs if they produce their products anywhere except the United States.”, – WRITE: epravda.com.ua
In his address to the world businessmen and political leaders, US President Donald Trump demanded that OPEC reduce oil prices and reduce interest rates, and warned them that they would face tariffs if they produce their products anywhere except the United States. Reuters writes about it. “I will demand an immediate reduction in interest rates. And they should be declining around the world,” Trump said in a video address to the participants of the World Economic Forum in Davos, Switzerland. “I am also going to ask Saudi Arabia and OPEC to reduce the cost of oil,” added Trump. Advertising: these statements that Trump first made world leaders in four days of his presidency, reinforce the message that he will give up the rules during his second term free market both in the US and abroad. Despite the decisive comments about the duties he wants to introduce, he did not provide specifics at a time when the markets are in tension on his plans. Oil prices became negative during Trump’s speech, while the euro fell and the US dollar fluctuated between profits and losses regarding a foreign currency basket. The US S&P 500 US Index has risen almost to the historical maximum. Trump has promised to reduce inflation by combining tariffs, deregulations and taxes, as well as the fight against illegal immigration and the desire to make the US center of artificial intelligence, cryptocurrency and fossil fuel. Read also: Trump plans to collapse oil prices. How real is it and how will it affect Russia? Recall that US President Donald Trump has repeated the call to the European Union to buy more US oil and gas if the EU wants to avoid new tariffs.