WEF 2018: Donald Trump takes 'America First' agenda to Davos globalists

Our economy is now booming and with all I am doing, will only get better: Trump

Donald Trump
US President Donald Trump waves to journalists as he arrives during the annual meeting of the World Economic Forum in Davos, Switzerland. (Photo: AP/PTI)
Reuters Washington
2 min read Last Updated : Jan 25 2018 | 11:34 PM IST
President Donald Trump arrived in Switzerland on Thursday to attend the World Economic Forum where he will push his “America First” agenda and seek more fair, reciprocal trade between the United States and its allies.

Trump arrived in Zurich en route to the Swiss ski resort of Davos for two days of events culminating in a speech on Friday to the forum of business and political leaders.

Trump, never invited as a businessman, will be the first U.S. president to attend Davos since Bill Clinton in 2000, giving him a chance to mingle with the same elite “globalists” he bashed in the 2016 election campaign.

“Will soon be heading to Davos, Switzerland, to tell the world how great America is and is doing,” Trump tweeted before departure. “Our economy is now booming and with all I am doing, will only get better...Our country is finally WINNING again!”

White House aides said Trump’s message would be the same that he has given during other trips aboard over the past year: The United States wants strong ties with its allies but wants to reduce chronic trade deficits with many of them.

“America first is not America alone,” said White House senior economic adviser Gary Cohn, who is travelling with Trump. “When we grow, the world grows; when the world grows, we grow. We’re part of it, and we’re part of a world economy. And the president believes that.”

In the run-up to his trip, Trump slapped a 30 percent tariff on imported solar panels, among the first unilateral trade restrictions imposed by the administration as part of a broader protectionist agenda.

Then on Wednesday in Davos, U.S. Treasury Secretary Steven Mnuchin said he welcomed a weakening in the dollar. Fears of protectionist trade policies by the United States had already pushed the greenback to a three-year low, and Mnuchin’s remark pushed it down further.

Trump will use his trip for some diplomacy. He has meetings with British Prime Minister Theresa May and Israeli Prime Minister Benjamin Netanyahu on Thursday and Rwandan President Paul Kagame and Swiss President Alain Berset on Friday.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :World Economic Forum

Next Story