In a fiery video appearance at the World Economic Forum in Davos, Switzerland, President Trump didn’t hold back. He took aim at Europe, calling its trade practices “unfair” and doubling down on his threat to impose tariffs on companies that don’t produce goods in the U.S.

“The E.U. treats us very, very unfairly,” Trump said, pointing to what he called massive trade deficits with Europe. “We’re going to do something about it.” While he didn’t spell out the exact steps, he hinted at across-the-board tariffs, a move that could shake up global trade dynamics.

Trump also touched on other hot-button issues, like border security and military spending. He boasted about deploying troops to the southern border and urged European nations to step up their defense budgets.

The speech left many wondering how serious the tariff threats are. Some experts see them as a negotiating tactic rather than a concrete plan. Still, Trump’s tough talk has kept Europe on edge, with leaders bracing for potential trade restrictions under his administration.

For now, the world is watching closely to see if Trump’s words will translate into action—and what that could mean for global markets and relationships.