Trump to Davos Leaders: ‘Make Your Product in America’ or Face Tariffs

Trump also criticized the diversity, equity, and inclusion initiatives championed by the WEF.

President Donald Trump is seen on a large screen during his address by video conference at the World Economic Forum annual meeting in Davos, Switzerland, on Jan. 23, 2025. Fabrice Coffrini/AFP via Getty Images

WASHINGTON—President Donald Trump delivered an “America First” speech on Jan. 23 to global leaders at this year’s Davos summit in Switzerland, declaring, “America is back and open for business.”

Speaking virtually at the World Economic Forum (WEF), Trump urged global business leaders to invest in the United States, warning them of tariffs if they don’t.