{"id":17939,"date":"2025-01-24T23:13:00","date_gmt":"2025-01-24T19:13:00","guid":{"rendered":"https:\/\/gbc1.net\/?p=17939"},"modified":"2025-03-08T19:59:54","modified_gmt":"2025-03-08T15:59:54","slug":"trumps-intervention-at-davos-2025-centers-on-make-america-great-again-slogan","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2025\/01\/24\/trumps-intervention-at-davos-2025-centers-on-make-america-great-again-slogan\/","title":{"rendered":"Trump’s Intervention at Davos 2025 Centers on ‘Make America Great Again’ Slogan"},"content":{"rendered":"\n

Although newly inaugurated US President Donald Trump did not travel to Davos, he did intervene via videoconference at the World Economic Conference (#WEF2025<\/a>) on 23 January 2025, just three days after his inauguration. During his speech, he called on OPEC to lower oil prices and financial institutions to lower interest rates. <\/p>\n\n\n\n

He started off by lambasting the previous Biden-Harris administration for leading the US economy down a ruinous path. The government spending has increased by USD 1.5 trillion since Trump left office four years ago while debt servicing is up by a whopping 230% more than projected in 2020. Inflation is at a historical high and many American households are feeling the pinch in their purchasing power.<\/p>\n\n\n\n

In order to stop the hemorrhage, he signed an Executive Order to freeze federal hiring, foreign aid and new regulations. He estimates that the Democratic Party added USD 50,000 as regulatory burden to each American household over the last four years. He has also instituted a new Department of Government Efficiency to fight financial waste.<\/p>\n\n\n\n

Viewing the #ParisAgreement<\/a> and WHO as a waste of money, he has decided to withdraw from these multilateral platforms. He argued that Americans should be able to buy cars powered by gas or electricity as they see fit. Promoting #EV<\/a> would just benefit China as China is the largest EV maker and exporter in the world.<\/p>\n\n\n\n

Trump stated that the US has huge reserves of oil, gas and coal, and intends to make full use of these to boost its economy. In his usual cowboy style, he threatened a number of ally and non-ally countries with higher tariffs, if they do not comply with his demands. He believes that lower oil prices could bring the Ukraine-Russia war to an end by reducing the substantial sums of money that Russia earns from selling oil to fund its military operation.<\/p>\n\n\n\n

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