Davos 2026: Trump Defends Tariffs, Declares US Will No Longer 'Subsidise the Whole World'

• US President Donald Trump defended his trade policies at the World Economic Forum in Davos.
• Trump stated the US would no longer 'subsidise the whole world' and emphasized the benefits of tariffs.
• He claimed tariffs were lowering prescription drug costs for Americans by forcing global price adjustments.
• Trump cited a conversation with French President Emmanuel Macron, suggesting tariffs helped secure better drug pricing.
• He argued tariffs are a 'fair thing' and necessary for equitable trade relations, even if some felt their impact.

Why It Matters: Trump defended tariffs at Davos, asserting they are crucial for fair trade and reducing US drug costs.