Updated

Trump slams Europe, threatens ‘trillions’ in tariffs

Hans van LeeuwenEurope correspondent

Updated Jan 24, 2025 – 8.10am, first published at 3.53am

Email LinkedIn Twitter Facebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Davos, Switzerland | US President Donald Trump has pledged to pressure Saudi Arabia and other oil-producing countries to “bring down the cost of oil”, saying this would drive down inflation and interest rates.

In a video link address on Thursday (Friday AEDT) to the World Economic Forum – the elite gathering of CEOs and politicians in the Swiss ski town of Davos – Mr Trump said the Organisation of Petroleum Exporting Countries had prolonged both inflation and the Russia-Ukraine war by keeping prices high.

Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London.