Trump touts 'great American comeback' at Davos; says 2nd phase of US-China trade deal soon

Shrugging off his impeachment trial back home, US President Donald Trump came out all guns blazing at the WEF summit here on Tuesday as he lauded the unprecedented economic boom in the United States and exhorted other nations to follow the American example of lower taxes and reduced regulations.

In his characteristic style, Trump also claimed that he shares an "extraordinary" relationship with Chinese President Xi Jinping and negotiations for the second phase of the US-China trade deal will commence soon.

Without directly mentioning climate change, Trump said he believed forecasts of apocalypse by the "perennial prophets of doom" were wrong.

In a special address at the World Economic Forum (WEF) annual summit, Trump said since he last addressed Davos two years ago, the US has enjoyed the "great American comeback" that he had predicted.

"Today I am proud to declare that the United States is in the midst of an economic boom the like of which has never been seen before," he said.

The American dream is back and better than ever, Trump said.

According to him, 11 million jobs have been gained by America since his election and average unemployment rate is the lowest for the tenure of any US President in history.

Talking about reforms undertaken by his government, he said, "I knew that if we unleashed the potential of our people, cut taxes, slashed regulation, fixed broken trade deals and fully tapped American energy, that prosperity would come thundering back and that is exactly what happened."