Donald Trump has reportedly urged Opec and Saudi Arabia to lower global oil prices and called for central banks worldwide to reduce interest rates immediately after.
Speaking to business leaders in Davos on Thursday, the former US president criticized oil producers for not acting sooner to reduce crude oil costs.
“I’m going to ask Saudi Arabia and Opec to bring down the cost of oil. You gotta bring it down. Frankly, I’m surprised they didn’t do it before the election,”Trump said.
He suggested that lowering oil prices could help stop Russia’s war in Ukraine, saying,
“Right now, the price is high enough that the war will continue. Bring it down, and you could end that war.”
Trump also encouraged global companies to manufacture their products in the US, warning them of heavy tariffs if they import goods into the American market.
He promoted his economic policies, including large tax cuts and reduced regulations, describing them as a “revolution of common sense.”
This is an ongoing story.
