Trump uses Davos address to accuse oil producers of prolonging Ukraine war

President also threatens tariffs on imports to US and repeats call for Nato countries to increase defence spending to 5%

Donald Trump has made a combative return to the world stage, accusing oil producers of prolonging the Ukraine war by failing to cut prices, and threatening tariffs on all US imports.

In a typically blustering online address to the World Economic Forum in Davos, the new president called on Saudi Arabia and the oil-producers’ cartel Opec to cut the cost of oil, in order to choke off revenues to Russia and halt the conflict in Ukraine.

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