US President Donald Trump has offered business leaders low taxes if they manufacture their products in the United States. Addressing the annual meeting of the World Economic Forum through video conferencing, Mr Trump also threatened businesses with tariffs if they don’t manufacture in US. Mr Trump further said that he is going to ask Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) to bring down oil prices, which will immediately end the Russia-Ukraine war.
US President also called upon NATO nations to increase their defence spending to 5 per cent of GDP, emphasizing that the United States has been shouldering an unfair burden in global defence spending, particularly in the Ukraine war. Mr Trump also highlighted the disparity in financial contributions, noting that the US has spent 200 billion US Dollars more than NATO on the conflict. He reiterated his previous remarks, made during a signing ceremony at the Oval Office, underscoring NATO’s financial contributions. US President also spoke about the ceasefire negotiations in West Asia. Mr Trump also underlined the immediate changes he has implemented in American domestic and international policies since assuming his second term as President of the United States. During his address, President Trump stated that he would urge NATO countries to increase their defence spending.
