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We are raising taxes on foreign nations to recover damages they have caused: Trumpshort by Dharini Mudgal / 03:13 pm on Wednesday, 21 January, 2026Speaking at the World Economic Forum in Davos, US President Donald Trump revealed the reason why he is imposing tariffs on countries. "We are raising taxes on foreign nations to recover damages they have caused," he said.
"The USA is the economic engine on the planet. And when America booms, the entire world booms. It's been the history," Trump added.
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We are raising taxes on foreign nations to recover damages they have caused: Trumpshort by Dharini Mudgal / 03:13 pm on Wednesday, 21 January, 2026Speaking at the World Economic Forum in Davos, US President Donald Trump revealed the reason why he is imposing tariffs on countries. "We are raising taxes on foreign nations to recover damages they have caused," he said.
"The USA is the economic engine on the planet. And when America booms, the entire world booms. It's been the history," Trump added.
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