Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Unlock 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 would cut interest rates “immediately”.
In a speech to executives in Davos on Thursday, the US president urged Saudi Arabia and other producers to lower crude oil prices, expressing disappointment that they had not already done so.
“I will ask Saudi Arabia and OPEC to reduce oil prices. You have to bring it down. I am surprised that they did not do that before the elections,” he said.
“The price is high enough now that the war will continue,” he said, referring to Russia’s full-scale invasion of Ukraine.
“You have to bring down the price of oil, it will end that war. You can end that war,” he added.
The U.S. president used the speech to emphasize that companies around the world that make their products in the U.S. — or face massive tariffs on imported goods entering the American market.
He pitched his economic agenda of radical deregulation and the “biggest tax cut in American history” to business leaders and world leaders, calling it “nothing short of a common sense revolution.”
This is a developing story
