Trump will be 'best salesperson' for U.S. economy at Davos: WH

Trump will be 'best salesperson' for U.S. economy at Davos: WH

"It just means that President Trump is looking out for American workers and American interests - no different than he expects other leaders to look out for their own", he added.

Donald Trump is attending the global meet of world leaders at World Economic Forum in Davos, Switzerland.

"We believe that isolationism won't take us forward", German Chancellor Angela Merkel told the elite gathered in the snowy Alpine town.

"We don't think that adhering to the rules is protectionist".

He will be delivering an important speech addressing the global community in Davos.

Commerce Secretary Wilbur Ross argued that new USA tariffs on imported solar-energy components and large washing machines are meant to deal with "inappropriate behavior" by other countries and are not protectionist.

US Commerce Secretary Wilbur Ross, also in Davos, staunchly defended the move, saying the US would not flinch from "trade wars" against countries he said broke the rules.

"There's always potential for retribution or retaliation and that's up to the Chinese to decide", Ross told journalists as part of the largest-ever USA delegation to Davos.

Heightened trade tensions between the USA and China, the world's two biggest economies, is routinely listed as one of the biggest threats facing global growth.

"A much better way would be to focus on how to expand our bilateral trade, so it would be a dynamic balance", Cui said. "Unfortunately, every single day there are various parties trying to violate the rules, and trying to take unfair advantage of things. the difference is that US troops are now coming to the ramparts".

"I'm going to Davos right now to get people to invest in the United States", Trump said Wednesday before his overnight flight to Europe.

He has also repeatedly threatened to pull out of the North American Free Trade Agreement (NAFTA), which is now being renegotiated between its three participants - Canada, Mexico and the US.

More news: U.S. oil price tops $65 for first time since 2014

French President Emmanuel Macron ironized on Trump's upcoming arrival.

Pressed on what his message to Trump would be, Italian Prime Minister Paolo Gentiloni said it was legitimate to defend one's own citizens, companies and economic, but "there is a limit".

"Fortunately you didn't invite anybody skeptical of global warming this year", Macron, glancing over at WEF founder Klaus Schwab, said to laughs.

Ross acknowledged that China, which manufacturers numerous sanctioned solar panels and washing machines, could retaliate and slap tariffs on US goods. The annual World Economic Forum in Davos is widely viewed as a gathering of global elites who heavily value globalization, migration, trade and cooperation.

Trump's visit has sparked scattered, small protests in Switzerland and some participants among the 3,000 on hand say he's not welcome because of his controversial tweets, nationalistic tack, and trade policies. US administrations have tended to call for a strong dollar policy.

Canadian premier Justin Trudeau celebrated the announcement of a new Asia-Pacific trade agreement among 11 countries to replace one that Trump pulled out of previous year.

Mnuchin said Trump's over-riding priority is to boost US growth, and that "economic growth in the U.S.is obviously good for the rest of the world", he said. "Obviously a weaker dollar is good for us as it relates to trade and opportunities", Mnuchin said.

Trump arrives in Davos on Thursday morning. He is expected to trumpet his recent tax reform package, which saw corporate tax rates slashed in the USA, to attract business into the U.S.

The Trump team has come to Davos to take a victory lap after passage of a major reduction in US taxes and a rollback in regulations.

"What's happening in the U.S.is a reflection of the economic programs we've put in place", he said.

The comment breaks with two decades in which Treasury chiefs regularly backed a strong dollar.

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