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A lot of the worldwide response to U.S. President Donald Trump’s speech on the World Financial Discussion board on Wednesday has centered on his plans for Greenland amid threats to accumulate the semi-autonomous Danish territory — however a number of different notable moments could have been missed.
The speech lasted greater than an hour and touched on tariffs, the U.S. central financial institution and prescription drug costs, amongst different matters.
There was additionally a reference to new “weapons of warfare,” with few different particulars.
Listed here are among the key takeaways from Trump’s speech past what he shared on Greenland and his feedback on Canada.
Jerome Powell and the Federal Reserve
Trump stated he plans to announce a brand new chairman of the U.S. Federal Reserve shortly as nicely.
Central banks just like the U.S. Fed and the Financial institution of Canada have a mandate to maintain economies secure by adjusting rates of interest to take care of value stability whereas additionally encouraging progress.
They attain these selections independently, based mostly on knowledgeable evaluation and information, whereas strongly opposing outdoors affect from authorities leaders and agendas.
“I’ll be saying a brand new Fed chairman within the not-too-distant future. I believe he’ll do an excellent job. See, I gave away a few of it — he. I did give that away,” Trump stated at Davos.
“So now we have one thing. You get one thing. However any individual that’s very revered, they’re all revered. They’re all nice. Everybody that I interviewed is nice. Everybody might do, I believe a implausible job. Downside is they modify as soon as they get the job, they do.”
He continued: “You understand, they’re saying every little thing I need to hear. After which they get the job, they’re locked in for six years. They get the job and rapidly, ‘let’s increase charges somewhat bit.’ I name them: ‘Sir, we’d relatively not discuss this.’”
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“It’s wonderful how folks change as soon as they’ve the job. It’s too dangerous. It’s type of disloyalty. However they’ve obtained to do what they suppose is true. We now have a horrible chairman proper now, Jerome ‘Too late’ Powell. He’s at all times too late. And, he’s very late with rates of interest, besides earlier than the election. He was simply high-quality for the opposite aspect,” Trump added.
The way forward for drug costs
In his speech, Trump claimed that prescription drug costs have been going to come back down worldwide, then stated he used tariffs to strain French President Emmanuel Macron to boost some costs in France.
This comes after the White Home introduced in December 2025 that 9 main pharmaceutical firms would slash the costs of medicines for the federal government’s Medicaid program and for money payers in Trump’s newest bid to align U.S. prices with these in different rich nations.
“Drug costs are going to be coming down tremendously in all of the nations, and I admire them doing it. However they did it. In all equity, with out tariffs, I wouldn’t have been capable of get it executed,” stated Trump.
“Underneath my most favoured nation coverage for drug costs, the price of prescribed drugs is coming down by as much as 90 per cent, relying on the best way you calculate.”
Trump’s “most favoured nation coverage” goals to convey down some prescription drug costs within the U.S. to ranges akin to these in different nations, which can pay much less for a similar merchandise.
Trump continued:
“I stated, ‘Emmanuel [Macron, president of France], you’re going to should elevate the value of that tablet to $20, perhaps $30.’ Consider that. Which means it’s a doubling. A doubling of prescribed drugs is likely to be a tripling, is likely to be a quadrupling. It’s not simple,” stated Trump.
“‘No, no, no,’ he stated. ‘Right here’s the story, Emmanuel. The reply is you’re going to do it. You’re going to do it quick. And when you don’t, I’m placing a 25 per cent tariff on every little thing that you just promote into the US.’”
At one level in his speech, Trump referred to new U.S. “weapons of warfare,” with out entering into specifics.
“So now our nation and the world face a lot larger dangers than it did ever earlier than. Due to missiles, due to nuclear, due to weapons of warfare that I can’t even discuss,” stated Trump.
“Two weeks in the past, they noticed weapons that no one ever heard of. They weren’t capable of fireplace one shot at us. They stated what occurred? All the things was discombobulated.”
It isn’t clear what occasion Trump was referring to the place these “weapons” have been used, however the timeline of “two weeks in the past” is near the timing of the U.S. strikes on Venezuela and the seize of President Nicolás Maduro on Jan. 3.
Earlier this month, CNN reported, citing a number of sources, on the acquisition by the Pentagon of a tool the report stated is believed to be linked to the “Havana syndrome” instances which have plagued U.S. and Canadian diplomats in Cuba, starting in 2016.
World Information has not independently verified CNN’s reporting, and Trump gave no additional particulars on what sort of weapons he was referring to in his speech.
© 2026 World Information, a division of Corus Leisure Inc.
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