Trump Davos remarks target big banks, oil prices, European regulators

Source: CNBC

Politics
Trump Davos remarks target big banks, oil prices, European regulators

Published Thu, Jan 23 202510:58 AM EST * Updated 46 Min Ago
Dan Mangan
@_DanMangan
Christina Wilkie
@in/christina-wilkie-6004564/
@christinawilkie

Key Points
* President Donald Trump addressed the World Economic Forum in Davos, Switzerland, virtually.
* Trump took aim at European regulators, oil producers and big banks over the course of 45 minutes.
* Trump also promised to “make the United States a manufacturing superpower, and the world capital of artificial intelligence and crypto.”

WASHINGTON — President Donald Trump addressed the World Economic Forum in Davos, Switzerland, virtually on Thursday, his first major appearance at an international event since he returned to the White House earlier this week.

Over the course of 45 minutes, Trump took aim at European regulators he said were too tough on U.S. tech companies, oil producers he said were keeping prices too high and big banks he said were refusing service to conservatives. ... He also called on nations around the world to invest in the United States, promising low tax rates and a looser regulatory structure.

On the domestic front, Trump said put pressure on the Federal Reserve over interest rates. ... “I’ll demand that interest rates drop immediately,” Trump said. “And likewise, they should be dropping all over the world. Interest rates should follow us all over.”

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Read more: https://www.cnbc.com/2025/01/23/trump-davos-speech-tariffs-dei.html