"DAVOS, Switzerland -- President Trump and his allies used the World Economic Forum to offer the global elite a warning: He intends to follow through on his "America First" campaign promises, spurning allies in the process if necessary.
"My message to every business in the world is very simple: Come make your product in America and we will give you among the lowest taxes of any nation on Earth," Trump said in a video address from Washington on Thursday. "But if you don't make your product in America, which is your prerogative, then, very simply, you will have to pay a tariff."
Expressing frustration at tariffs the European Union places on U.S. farm products and cars, Trump said the bloc treats the U.S. unfairly. "They put tariffs on things that we want to do."
His remarks offered a protectionist shot across the bow to U.S. allies and companies that hoped being friendly with the U.S. would mean fewer penalties on their goods." [1]
1. Trump Warns Business Elite: Produce in U.S. or Face Tariffs. Ward, Alexander. Wall Street Journal, Eastern edition; New York, N.Y.. 24 Jan 2025: A1.
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