S&P 500 clinches first record close of 2025, Dow pops after Trump takes spotlight at Davos

  • Ines Ferré

    Trump: ‘If you don’t make your products in America … you will have to pay a tariff’

    President Trump spoke remotely at the World Economic Forum in Davos, Switzerland, appearing via video to a packed room of CEOs and world officials.

    The president first listed a series of actions he took upon entering the White House, including withdrawing from the Paris Climate Accord and declaring a national energy emergency.

    On the topic of tariffs, the president said, “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.”

    “But if you don’t make your product in America, which is your prerogative, then very simply you will have to pay a tariff — differing amounts, but a tariff.”

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