President Trump called on global businesses to make their products in America in exchange for lower taxes.

“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,” he said Thursday in remarks given virtually to the World Economic Forum in Davos, Switzerland.

“We’re bringing them down very substantially, even from the original Trump tax cuts. But if you don’t make your product in America, which is your prerogative, then very simply you will have to pay a tariff,” he said.

The president said the tariffs will be of “differing amounts” and will “direct hundreds of billions of dollars and even trillions of dollars into our treasury to strengthen our economy and pay down debt.”

“Under the Trump administration, there will be no better place on earth to create jobs, build factories or grow a company, than right here in the good old USA,” he said.

The president has vowed to put tariffs on products coming in from Mexico, Canada, China and other countries. He has said that imposing levies on foreign goods will help the U.S. pay down its debt.

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“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,” he said Thursday in remarks given virtually to the World Economic Forum in Davos, Switzerland.

“We’re bringing them down very substantially, even from the original Trump tax cuts. But if you don’t make your product in America, which is your prerogative, then very simply you will have to pay a tariff,” he said.

The president said the tariffs will be of “differing amounts” and will “direct hundreds of billions of dollars and even trillions of dollars into our treasury to strengthen our economy and pay down debt.”

“Under the Trump administration, there will be no better place on earth to create jobs, build factories or grow a company, than right here in the good old USA,” he said.

The president has vowed to put tariffs on products coming in from Mexico, Canada, China and other countries. He has said that imposing levies on foreign goods will help the U.S. pay down its debt.

• Mallory Wilson can be reached at mwilson@washingtontimes.com.