Donald Trump made sweeping remarks during his Davos speech, calling for lower interest rates to stimulate economies globally. He also harshly criticized Canada and the European Union for their alleged actions that hindered U.S. interests. Trump emphasized the need for dialogue with Putin on Ukraine and nuclear arms reduction, signaling a potential shift in global diplomacy.
Additionally, Trump expressed concern over plummeting oil prices, which he tied to China’s decoupling from the global economy. The S&P 500 index showed resilience, rising despite broader market concerns. Experts noted the speech showcased Trump’s ability to address economic and geopolitical challenges, while markets remain cautious about his administration’s impact.
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*Echo Wang, Marwa Rashad, Lananh Nguyen, and Trevor Hunnicutt contributed reporting; additional reporting by Andy Sullivan.*
Source: https://www.reuters.com/world/trump-remotely-address-business-political-leaders-davos-forum-topics-unclear-2025-01-23