Trump outlines tax cut plans, tells World Economic Forum 'make your product in America'

President Donald Trump on Thursday delivered remarks virtually to the World Economic Forum in Davos, Switzerland, in which he discussed how his tax plans will look to incentivize companies to make products in America or face tariffs.

"To further unleash our economy, our majorities in the House and Senate, which we also took along with the presidency, are going to pass the largest tax cut in American history, including massive tax cuts for workers and families and big tax cuts for domestic producers and manufacturers," Trump said. 

Portions of the original Trump tax cuts — including the lower tax rates for individuals as well as the expanded standard deduction and child tax credit — are due to expire at the end of 2025 if they're not extended. Trump said, "We're working with the Democrats on getting an extension of the original Trump tax cuts, as you probably know by just reading any paper."

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