“Make in the United States or Pay Tariffs”

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Donald Trump presented an ambitious agenda of deregulation and tax cuts at Davos to stimulate economic growth and attract business production to the country. He has advocated a cut in oil prices and criticized the EU for the slowness of its bureaucracy.

The President of the United States, Donald Trumpis presented (telematically) in the Davos World Economic Forum with an ambitious agenda deregulation And tax cutswhich has been billed as “the largest tax cut in American history” to stimulate economic growth attracting manufacturing companies to the country. He has proposed tax cuts for workers and families, and major tax cuts for domestic producers and manufacturers.

However, companies that produce outside the United States will face tariffs: “My message to all companies in the world is very simple. Come manufacture your products in the United States and we will have some of the lowest taxes of any country on earth. If your product is not manufactured in the United Stateswhat is your privilege, then they simply have to pay a feeof varying amounts.” He hopes these tariffs will send hundreds of billions of dollars to the U.S. Treasury to strengthen the economy and pay down debt.

Likewise, Trump has announced what he has presented as the “greatest deregulation campaign in history,” which will transform the country into “the best place on earth” to create jobs, build factories or grow a business; a process welcomed, among others, by the president of Banco Santander Ana Botín, who is “delighted” by the “focus on deregulation and reducing bureaucracy”.

Energy and oil

Trump, on the other hand, takes pride in ending the crisis ‘Incredibly wasteful’ ‘Green New Deal’also called the ‘Green New Scam’, including regulations regarding electric vehicles to ‘let people buy whatever car they want’.

Moreover, he has announced that by declaring a national energy emergency it will be possible to “release the liquid gold under our feet and pave the way for rapid adoption of new energy infrastructure.” “The United States has the most oil and gas of any country in the world, and we are going to use it.”he promised.

In this sense, in addition to the decisions on energy at the national level, Trump has announced his intention to do so Ask Saudi Arabia and OPEC to lower the oil price. “They have to reduce it,” he declared, surprised that the cartel did not make a decision on the matter before the presidential elections in November. “They didn’t show much affection by not doing it,” he joked. Trump has added that if the price were to fall, war would break out Russia and Ukraine “It would end immediately.” ‘Right now the price is high enough to keep that war going. You have to lower the price of oil to end that war. They should have done this a long time ago. In fact, to some extent, they are very responsible for what is happening,” he points out.

Criticism of the European Union

The President of the United States, Donald Trump, has criticized the slowness and “cumbersomeness” of bureaucratic procedures in Europe when doing business, which he sees as one of the keys reducing the European Union’s competitiveness.

In addition, he has accused the European government of treating his country “in a very, very unfair way,” citing various taxes, such as VAT, and barriers to trade in American agricultural products or cars produced in the country. .

Source: EITB

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