President Donald Trump delivered a bold message to global leaders at the World Economic Forum in Davos, Switzerland, emphasizing lower taxes for manufacturers who invest in the United States while threatening tariffs for those who don’t comply.

In a video address from the White House, Trump asserted that his administration had a mandate to bring significant changes, highlighting a carrot-and-stick approach to incentivize private investment in American manufacturing. He promised among the lowest taxes globally for companies producing in the U.S., contrasting this with potential tariffs that would generate substantial revenue for the U.S. Treasury.

Addressing attendees, Trump also shared insights on international relations, expressing a desire to meet with Russian President Vladimir Putin to discuss ending the ongoing conflict between Russia and Ukraine. He blamed the OPEC+ oil alliance for exacerbating the situation by keeping oil prices high, suggesting that lower prices could facilitate a resolution.

Trump’s remarks drew a diverse response from the audience, with some applauding his strong stance on American economic interests, while others criticized what they perceived as protectionist policies detrimental to global cooperation.

The president’s appearance at Davos, amidst discussions on economic policy and global challenges, underscored his administration’s focus on reshaping international trade relations in favor of the United States. As the world watches developments, Trump’s stance continues to provoke debate and speculation about the future of global economic dynamics.