WASHINGTON, Jan 25 (Reuters) – President Donald Trump arrived in Switzerland on Thursday to attend the World Financial Discussion board the place he’ll push his “America First” agenda and search fairer commerce between the USA and its allies.
Trump arrived in Zurich en path to the Swiss ski resort of Davos for 2 days of occasions culminating in a speech on Friday to the discussion board of enterprise and political leaders.
Trump, by no means invited as a businessman, would be the first U.S. president to attend Davos since Invoice Clinton in 2000, giving him an opportunity to mingle with the identical elite “globalists” he bashed within the 2016 election marketing campaign.
“Will quickly be heading to Davos, Switzerland, to inform the world how nice America is and is doing,” Trump tweeted earlier than departure. “Our economic system is now booming and with all I’m doing, will solely get higher…Our nation is lastly WINNING once more!”
White Home aides mentioned Trump’s message can be the identical that he has given throughout different journeys aboard over the previous yr: America needs sturdy ties with its allies however needs to cut back persistent commerce deficits with lots of them.
“America first shouldn’t be America alone,” mentioned White Home senior financial adviser Gary Cohn, who’s touring with Trump. “After we develop, the world grows; when the world grows, we develop. We’re a part of it, and we’re a part of a world economic system. And the president believes that.”
Within the run-up to his journey to Davos, Trump slapped a 30 p.c tariff on imported photo voltaic panels, among the many first unilateral commerce restrictions imposed by the administration as a part of a broader protectionist agenda.
Then on Wednesday in Davos, U.S. Treasury Secretary Steven Mnuchin mentioned he welcomed a weakening within the greenback. Fears of protectionist commerce insurance policies by the USA had already pushed the buck to a three-year low, and Mnuchin’s comment pushed it down additional.
Trump will use his journey for some diplomacy. He has conferences with British Prime Minister Theresa Could 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.
Kagame is a pro-American chief who went to the USA for coaching when he was within the Ugandan military.
Iran’s rising affect within the Center East, North Korea’s nuclear problem and the battle in opposition to Islamic State militants figured to be distinguished subjects of his conferences.
French President Emmanuel Macron instructed RTS channel that he had “strongly beneficial” to Trump to attend the Davos discussion board throughout a latest telephone dialog that they had on Iran … “as a result of I feel it’s a very good factor for President Trump to clarify his technique for the U.S. and the world right here in Davos.
“And that he encounters some type of confrontation and dialog,” Macron mentioned.
Trump will host a small dinner for European enterprise executives on Thursday night time.
There’s broad concern in European capitals that 2018 may very well be the yr Trump’s bark on commerce turns into chew, as he considers punitive measures on metal and threatens to finish the 90s-era North American Free Commerce Settlement with Canada and Mexico.
Trump will enchantment for elevated world funding in the USA to make the most of company tax cuts authorized by Congress late in 2017 and Trump’s deregulatory insurance policies.