Trump pledges to reduce taxes on foreign investments in America

US President Donald Trump took advantage of his speech, which he delivered via video conference technology during the activities of the World Economic Forum in the Swiss resort of Davos on Thursday, to promise officials of the world’s major manufacturing companies that he would grant them tax cuts if they invested in the United States and threatened them with imposing duties on their products if they did not.
Trump said in his speech from the White House on the fourth day of his presidency that he has a “tremendous mandate” from the American people to make change, raising the slogan of carrots and sticks to attract foreign investments to the United States.

Industry in America

The American President added: “Come and manufacture products in America, and we will be one of the lowest tax countries on Earth, but if you do not manufacture your products in America, which is your authority, then the matter will be very simple. You will have to pay fees of different values, but fees that will lead to the transfer of hundreds of billions.” And perhaps trillions of dollars to our treasury to strengthen our economy and reduce public debt under the Trump administration.”
Introducing President Trump’s speech, Klaus Schwab, founder of the World Economic Forum, said that Trump is the new president whose return and agenda have become “the center of our discussion this week.”