Trump used Davos to warn Europe, demanding NATO allies raise defence spending to 5% of GDP and threatening tariffs on companies not manufacturing in the US. He linked lower oil prices to ending the Ukraine war and assured LNG exports to Europe would continue.

President Donald Trump made his first international speech to the World Economic Forum and claimed the U.S. and the global economy will steam ahead even as he imposes tariffs on foreign goods.

President Trump told the world’s financial elite Thursday that America is “open for business” — saying he will demand that interest rates “drop immediately” while lowering energy costs and slashing corporate taxes and regulations.