Sign up for the free White House Watch newsletter
Your guide to what the 2024 US election means for Washington and the world
Donald Trump called on Opec to lower global oil prices and insisted that central banks around the world cut interest rates “immediately” afterwards.
In his speech to executives in Davos on Thursday, the US president urged Saudi Arabia and other producers to reduce crude oil prices, expressing disappointment that they had not yet done so.
“I will ask Saudi Arabia and Opec to reduce the price of oil. You have to take it down. Which, to be honest, I'm surprised that they didn't do it before the election,” he said.
“Right now the price is high enough that that war will continue,” he said, referring to Russia's all-out invasion of Ukraine.
“You have to reduce the price of oil, that will end that war. You can end that war,” he added.
The US president also used the speech to demand that companies around the world make their products in the US – or face higher tariffs on imports entering the US market.
He has outlined his economic agenda of radical repeal and “the biggest tax cut in American history” to business leaders and world leaders, calling it “nothing less than a revolutionary revolution”.
This is a growing story