Trump takes his ‘America First’ policies to Davos ‘globalists’.
WASHINGTON (Reuters) – President Donald Trump flew over night to the World Economic Forum in Davos, Switzerland, where he will push his “America First” agenda and look for more reasonable, mutual trade in between the United States and its allies.
Trump, who left Washington on Wednesday night, was to get to mid-morning Thursday in Zurich, and is to continue from there to snowbound Davos for 2 days of events culminating in a speech on Friday to the online forum of company and politicians.
Trump, never welcomed as a business person, will be the very first U.S. president to participate in Davos since Costs Clinton in 2000, giving him a possibility to mingle with the exact same elite “globalists” he slammed in the 2016 election campaign.
White House aides stated Trump’s message would be the exact same that he has actually given during other trips aboard over the past year: The United States wants strong ties with its allies however wishes to reduce chronic trade deficits with much of them.
“America initially is not America alone,” said White Home senior financial adviser Gary Cohn, who is taking a trip with Trump. “When we grow, the world grows; when the world grows, we grow. We’re part of it, and we belong to a world economy. And the president believes that.”
In the run-up to his journey to Davos, Trump slapped a 30 percent tariff on imported solar panels, among the first unilateral trade constraints enforced by the administration as part of a wider protectionist agenda.
On Wednesday in Davos, U.S. Treasury Secretary Steven Mnuchin stated he welcomed a weakening in the dollar. Worries of protectionist trade policies by the United States had currently pushed the greenback to a three-year low, and Mnuchin’s remark pushed it down even more.
Trump will use his trip for some diplomacy. He has meetings with British Prime Minister Theresa Might and Israeli Prime Minister Benjamin Netanyahu on Thursday and Rwandan President Paul Kagame, present chairman of the African Union, and Swiss President Alain Berset on Friday.
Iran’s growing impact in the Middle East, North Korea’s nuclear challenge and the fight versus Islamic State militants figured to be popular topics of his conferences.
French President Emmanuel Macron told RTS channel that he had “strongly advised” to Trump to go to the Davos online forum during a recent telephone call they had on Iran … “because I think it’s a good idea for President Trump to describe his strategy for the United States and the world here in Davos.
“And that he encounters some form of confrontation and dialogue,” Macron said.
Trump will host a little supper for European business executives on Thursday night.
There is broad issue in European capitals that 2018 might be the year Trump’s bark on trade develops into bite, as he considers punitive steps on steel and threatens to end the 90s-era North American Free Trade Agreement with Canada and Mexico.
Trump will appeal for increased international financial investment in the United States to make the most of corporate tax cuts approved by Congress late in 2017 and Trump’s deregulatory policies.
Reporting By Steve Holland; editing by Grant McCool