Trump will be ‘best salesperson’ for US economy at Davos: White House
Trump is set to speak Friday at the World Economic Forum in a move that has raised eyebrows because of his protectionist “America First” policies.world Updated: Jan 24, 2018 09:02 IST
US President Donald Trump is aiming to be the “best salesperson” for American economic interests when he goes to Davos later this week, the White House said Tuesday.
Trump is set to speak Friday at the World Economic Forum, an annual gathering of the global pro-trade elite at the Swiss ski resort, in a move that has raised eyebrows because of his protectionist “America First” policies.
“We’re going to the World Economic Forum to share President Trump’s economic story and to tell the world that America is open for business,” said Trump’s chief economic adviser Gary Cohn.
“We want the world to invest in America and to create jobs for hard working Americans,” he continued, adding that Trump’s economic agenda -- focused on aggressive deregulation and corporate tax cuts -- had “unleashed the US economy.”
The former real estate tycoon is “firmly committed to being the best salesperson the US has to drive economic growth and drive prosperity and drive a better quality of life for American citizens,” Cohn said.
He continued: “America First is not America alone. I said in my remarks, when we grow, the world grows. When the world grows, we grow.”
The Trump administration has repeatedly lashed out at allegedly unfair trade agreements and practices, slapping additional import duties on products from across the world, claiming they benefited from unfair state subsidies.
Soon after he took office, Trump announced the US was pulling out of the Trans-Pacific Partnership (TPP) signed in 2015 by a dozen nations that accounted for 40 percent of the global economy.
The remaining 11 countries announced Tuesday they would move forward with the deal without Washington.
He has also repeatedly threatened to pull out of the North American Free Trade Agreement (NAFTA), which is currently being renegotiated between its three participants -- Canada, Mexico and the US.
Cohn suggested, however, that the US was working on new bilateral agreements, without providing further details.
“The US is pulling back from nothing,” he said.
“When the president was in Asia he talked about trade agreements and his willingness to have bilateral trade agreements with many of the countries he visited in Asia. We are more than willing to have bilateral trade agreements.”
First Published: Jan 24, 2018 09:01 IST