Key Points:

• President Trump addressed the World Economic Forum, urging global leaders to invest in U.S. manufacturing.
• He promised low taxes for companies that bring jobs to America while threatening tariffs for those that do not.
• Trump emphasized the economic benefits and potential revenue from tariffs, claiming they could strengthen the U.S. treasury.
• The president spoke of ongoing efforts to end the Russia-Ukraine war and criticized OPEC+ for high oil prices impacting the conflict.

In a bold address during the annual World Economic Forum in Davos, Switzerland, President Donald Trump made a compelling case to global elites for investing in U.S. manufacturing. Speaking via video from the White House on the third day of his presidency, Trump claimed a "massive mandate" from the American people and outlined a carrot-and-stick approach for attracting foreign investment.

Trump stated, "Come make your product in America and we will give you among the lowest taxes as any nation on Earth." Conversely, he warned that those who choose not to invest in the U.S. would face tariffs, detailing that these tariffs could direct "hundreds of billions of dollars and even trillions" into the U.S. treasury to bolster the economy and reduce debt. This stance resonated with many in the audience, including industry leaders and global policymakers.

Furthermore, Trump revealed an ambitious proposal involving Saudi Arabia’s Crown Prince Mohammed bin Salman, suggesting an increase in planned investments from the kingdom from $600 billion to $1 trillion. His proposal elicited laughter from attendees, emphasizing the gravity of financial commitments he was demanding.

During the address, Trump was introduced by Klaus Schwab, the founder of the World Economic Forum, who noted that Trump's agenda had been a focal point of discussions throughout the summit. Schwab extended an invitation for Trump to appear in person at the next year's forum, which underlines the high expectations placed on his administration’s economic policies.

In addition to these economic matters, Trump addressed geopolitical concerns, particularly the ongoing Russia-Ukraine conflict, reiterating his desire to meet with Russian President Vladimir Putin to find a resolution. He placed blame on the OPEC+ alliance, citing their role in maintaining high oil prices, which he believes contribute to the prolonged conflict.

Trump's assertions reflect a broader strategy aimed at reshaping global economic dynamics and redirecting investment flows into the United States, positioning his administration’s policies at the forefront of international economic discussions.

For further details, visit the Associated Press or read more from TIME.