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Indonesia News Portal for Traders | Financial & Business Updates

24 January 2025 00:43  |

US President Donald Trump

United States (US) President Donald Trump ran through a long list of grievances while delivering his remarks during the World Economic Forum hosted in Davos, Switzerland on Thursday.

President Trump reiterated his concerns that the US' trade deficit with Canada, which amounts to 4% of the US' total trade imbalance, is unsustainable. President Trump also floated tax cuts for US businesses, asking the Organization of the Petroleum Exporting Countries (OPEC) to lower Crude Oil prices, and re-floated his ongoing threats of ambiguous, sweeping tariffs on US imports from other countries.

President Donald Trump also took the opportunity to remind everyone at Davos that he will single-handedly deliver extreme tax cuts while simultaneously shrinking the US spending deficit, and also vowed to attempt to subvert the operational independence of the US Federal Reserve (Fed).

Source: FXstreet

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