President Trump addresses a plenary session during the 48th Annual Meeting of the World Economic Forum in Davos, Switzerland, Jan. 26 2018.
Context: Job gains throughout 2017 continued at a healthy rate, with US employers adding 148,000 in December.
As President of the USA, I will always put America First. “And it should be quite a confrontation”, former U.S. Ambassador to the United Nations John R. Bolton told Fox News prime-time host Laura Ingraham.
A year ago, the Davos spotlight was claimed by China’s communist leader Xi Jinping, who took up the torch of global trade to the delight of the well-heeled audience then anxious about Mr Trump’s inauguration.
Trump was gunning for 3 percent or better – and crowing about his chances.
The speech will focus on United States economic successes, its commitment to open markets and the empowerment of people left behind by globalisation, a senior White House official said. His pitch was the ideal blend of globalist and populist, claiming he meant to “raise hopes and empower dreams” in America.
Netanyahu told Trump this decision “will be forever etched in the hearts of our people for generations to come”. But her office said Tuesday, the day before Trump’s departure, that Mrs. Trump would not be going, citing unspecified scheduling and logistical issues. His administration has already frozen some economic aid to the Palestinians.
THE FACTS: Most mainstream economists are skeptical of this figure. And they’re going to have to want to make peace, too, or we’re going to have nothing to do with it any longer. Mr Trump told reporters afterwards that the two had a “great relationship”.
After Trump met Prime Minister Theresa May in Davos, the source agreed that it would probably happen in the second half of the year. “Their total investment into the United States economy will be more than $350 billion over the next five years”.
“He’s very pleased with the reception he’s had”, the official said.
Moreover, the tax cut that Trump touted for much of his speech will do little to address that gap.
Donald Trump is coming to London after all.
Mr Trump said there was “a tremendous crowd” to meet him at the summit – raising memories of a controversy past year when he denied that his presidential inauguration had been sparsely attended.
Trump woos Davos with an uncharacteristic gesture of openness.
President Trump declared America “open for business” in a speech Friday to global elites in Davos, Switzerland, while taking a hard line on trade and vowing to make commerce with other countries “fair and reciprocal”. He’ll also be pushing back against what he sees as unfair trading practices by other countries. It’s already seen the US withdraw from the Trans-Pacific Partnership, a trade deal with 11 countries, and seek a renegotiation of the North American Free Trade Agreement with Canada and Mexico.
Linette Lopez from Business Insider and Rachel Abrams from the New York Times join us to talk about this week’s economic and business news.
“The deal was bad, the way it was structured was awful”, he said.
Trump has left numerous foreign companies uneasy in light of his “America First” agenda, which includes recently announced import duties on solar cells, a threat to end the North American Free Trade Agreement and possible tariffs on steel.
Forgive the wealthy elites, central bankers and assorted other globalists at Davos if they looked past Trump’s insistence that his “America First” agenda would benefit the world, not just his country, or his dubious commitment to free trade, or the reminder that he’s trying to restrict US immigration and take in fewer refugees.
Other administration officials had a clear message for critics.