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: Savvy Investor 50 Cent Reportedly Got Rich Again Thanks to Bitcoin

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 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 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.

Related News:

  • Pope Francis Compares Fake News to Snake in Garden of Eden

    Pope Francis Compares Fake News to Snake in Garden of Eden

    The pope also praised recent efforts by social media platforms to make users aware of false reports. Gen 3:1-15), which began the tragic history of human sin", he wrote.

    New iPhone update to show 'battery health' following slowdown controversy

    This latest update includes a feature that shows the health of your phone's battery , as well as if it needs to be serviced. Apple Music will be updated to house music videos, which will play back-to-back free from adverts, Apple confirmed.
    UCF's undefeated team to be honored by National Football League  at Pro Bowl

    UCF's undefeated team to be honored by National Football League at Pro Bowl

    So the timing could not have been better for UCF's ideal football season, opening the door for the timely recognition. They received a celebratory parade at Disney, and now they are being honored at the NFL's Pro Bowl .
  • 'This is Us' just made a huge promise to the fans

    'This is Us' just made a huge promise to the fans

    In order for Jack to get to Kate's room to help her, he may have lost his footing and fallen into the burning first floor. As Jack cleans up the kitchen, he switches the crockpot on the counter off, placing a dish towel next to it.
    India PM: Climate change, terrorism, protectionism top global threats

    India PM: Climate change, terrorism, protectionism top global threats

    Deve Gowda - was in Davos in 1997, the country's gross domestic product was just $400 billion, one-sixth of what it is now. On Climate change , Modi said that that extreme weather conditions were increasing day by day.
    CPI(M) mulling impeachment motion against CJI Dipak Misra

    CPI(M) mulling impeachment motion against CJI Dipak Misra

    Opposition parties like the Congress and the CPI (M) had called for a probe into the issues flagged by the four judges. He said it's the time to play the role of executive and said "we need to intervene".
  • BioWare's Anthem reportedly delayed until 2019

    BioWare's Anthem reportedly delayed until 2019

    Anthem , according to the report, is now due to release in Early 2019 after initially targeting a late 2018 release date. So, when could we see the game? The Kotaku report "would imply that the game release would still fall in its FY19".
    Kentucky school shooting: 15-year-old student formally charged with murder

    Kentucky school shooting: 15-year-old student formally charged with murder

    The governor said in a statement, "This is a tremendous tragedy and speaks to the heartbreak present in our communities". The slain students were identified by state police as Bailey Holt and Preston Cope, both 15, state police said.
    Malaysia's Dec inflation rate at 3.5 pct y/y, meets forecast

    Malaysia's Dec inflation rate at 3.5 pct y/y, meets forecast

    The relatively flat result this quarter leaves the consumers price index (CPI) inflation rate at 1.6% for the December 2017 year. Inflation for goods increased 4.1% year-on-year for December, and the inflation for services increased by 5.3% year-on-year.
  • Super Bowl ticket prices fall 25 percent in 72 hours

    Super Bowl ticket prices fall 25 percent in 72 hours

    Though the numbers aren't as staggering as you might think, quarterbacks do win the majority of Super Bowl MVP awards. But they've been able to do it in the background, as opposed to Wentz, who the camera pans to 10 times a game.
    Elton John's Fans React to His Retirement Announcement

    Elton John's Fans React to His Retirement Announcement

    John said discussions about no longer touring began with his family in 2015. "It's the way that I move / The things that I do". John, 70, launched his first tour in 1970 and boasts having performed over 4,000 times in more than 80 countries.
    Real Madrid will try to sign Mohamed Salah - Egypt FA chief

    Real Madrid will try to sign Mohamed Salah - Egypt FA chief

    Real Madrid will make an offer for Liverpool forward Mohamed Salah in the summer, according to the president of the Egyptian FA.

Most liked

Bank of America eliminates free checking for lower-income customers
Israel doesn't think that Bank of America's decision to phase out its eBanking account signals the end of low-priced checking. A petition at urged Bank of America to reconsider, as the account rules cause a hardship to low-income customers.

Burger King | Whopper Neutrality
The restaurant charges Whoppers in tiers of "MBPS", or "Making Burgers Per Second", with fast lanes and slow lanes. The video is meant to educate patrons and viewers about the FCC's decision in December to repeal net neutrality .

Macaulay Culkin Recalls Friendship With Michael Jackson: 'He Liked Being Around Kids'
According to The Blast, Macaulay told the "WTF" podcast that his father used to tell him: "Do good or I'll hit you". Culkin also has a new weekly podcast called 'Bunny Ears' , with his friend, Matt Cohen.

Panthers' Turner to let Newton run, might tweak QB's mechanics
The NFL said in a written statement that its review with the NFLPA "established that there was no protocol violation ". Players who display either of these signs at any time shall be removed from play and may not return to the game.

White House expected to field questions on immigration, Russian Federation probe
But over on Capitol Hill, Senate Minority Leader Chuck Schumer said talks on immigration and border security are "starting over". President Donald Trump spent the first two days of the shutdown, as well as Friday, hunkered down in the White House.

Samsung Galaxy S9's remaining secrets have been REVEALED ... on Samsung's own website
The latest leak has given up some details on the ISOCELL mobile imaging sensor that Samsung will be using inside the smartphones. Credit: Tom's GuideA person in China on Wednesday (Jan. 24) leaked a video purporting to show the Galaxy S9 in action.

SpaceIL to Move Forward With Moon-Landing Mission Despite Cancellation of X Prize
All successful trips to the moon have been government funded, and moon-based activity has been mostly scientific in nature. The Xprize Foundation, the independent organisation overseeing the contest , declined CNBC's requests for comment.

Microsoft Releases New Tool For Inspecting Telemetry Data
The Windows Diagnostic Viewer is separate a feature, and allows the user to see, search, and act on their diagnostic data. Common data (diagnostic header information) includes the operating system version device class, and a unique device ID.

Drama as Libya reach 2018 African Nations Championship quarter-finals
Victor of the group will face Libya in Sunday's quarter-final clash, Nigeria will play the second placed team. Libya and Rwanda were locked at 0-0 during the half-time break.

Qualcomm fined €999mln by European Union for Apple mobile chip payments
As Apple Insider points out, fines are capped at a maximum of 10 percent of annual turnover under European Union rules. Qualcomm has also backed its promise to pay the fine with promissory notes, the commission added.

Gisele asked former MI player to convince Tom Brady to retire
Fans of the NFL's other 31 teams aren't the only people hoping New England Patriots quarterback Tom Brady hangs up his Uggs soon. Translation: Nobody is taking Brady's job in the near future barring a serious injury or a sudden and unexpected decline.

North Korea reschedules army anniversary, may hold parade on Winter Olympics eve
Heavy security followed Hyon as she traveled across the South, and her visit triggered anti-North protests in Seoul this week. A series of events including concerts, joint training exercises and sporting demonstrations are planned around Olympics.

Apple may discontinue iPhone X around mid
Canaccord Genuity restated a "buy" rating and issued a $200.00 price objective on shares of Apple in a report on Wednesday. The cameras and sensors, which enable Face-ID and OLED screen, are the new technologies used in iPhone X .

White House Seems To Support Releasing Secret Congressional Memo
The memo has become a conservative rallying cry, with Republicans on Capitol Hill demanding that the documents be released. He also brought up Democrats' pushback against the document, which they say is "misleading" and "distorts information".

SpaceX Falcon Heavy warms up LC-39A during static test fire
SpaceX took another step closer to launch of its Falcon Heavy (FH) rocket today with an approximately 10 second static fire test. SpaceX founder and CEO Elon Musk tweeted afterwards that the test was "good" and the rocket will launch "in a week or so".