President Donald Trump tells world leaders at Davos to 'put their own citizens first'

lababouche
Published on Jan 25, 2023
President Donald Trump spoke at the Davos World Economic Forum in Switzerland about his "America First" agenda and encouraged other nations to adopt a similar nation-focused approach to economics and political relations around the world.

President Donald Trump took an opportunity to address world leaders on Tuesday to trumpet his â€œAmerica Firstâ€ agenda and encourage other nations to adopt a similar nation-focused approach to economics and political relations around the world.

â€œAmericaâ€™s newfound prosperity is undeniable, unprecedented and unmatched anywhere in the world,â€ Trump said at the World Economic Forum in Davos, Switzerland, hours before his impeachment trial was set to begin in earnest back home. â€œAmerica achieved this stunning turnaround not by making minor changes to a handful of policies, but by adopting a whole new approach centered entirely on the well-being of the American worker.â€

â€œEvery decision we make on taxes, trade, regulation, energy, immigration, education and more is focused on improving the lives of everyday Americans,â€ the president added. â€œOnly when governments put their own citizens first will people be fully invested in their national futures.â€

The multiday forum in Davos is an annual event where the globeâ€™s most powerful political leaders and corporate executives share ideas in the Swiss Alps.

Much of Trumpâ€™s speech focused on the success the administration has seen while pursuing an â€œAmerica Firstâ€ policy, a set of guidelines that tries to benefit average Americans through economic policies such as trade protections or tax cuts.

The policy, which has led to fierce trade battles with longtime economic partners like China, the EU and Mexico, has accompanied better-than-expected GDP growth in the U.S. as well as an unemployment rate under 4% and consistent records in the stock market.

Though bilateral trade deliberations have roiled financial markets for the better part of two years, the White House reached two key trade deals last week that officials say will boost the economy and sent the S&P 500 above 3,300 for the first time ever.

The U.S. and China signed on Wednesday a â€œphase oneâ€ trade deal that officials say will lead to an increase in sales of American goods and services to Beijing and ease the two-year dispute between the globeâ€™s two largest economies.

On Thursday, the Senate passed a new North American trade deal that grants U.S. producers greater access to Canadian dairy markets and creates stricter rules for auto parts rules of origin.

In his speech, the president also pointed to one of the administrationâ€™s biggest legislative wins, the 2017 Tax Cuts and Jobs Act, which lowered the corporate tax rate to 21% and buoyed business profits for much of Trumpâ€™s presidency.

The administration argues that the promise of lower tax rates entices global businesses to shift more production to the U.S. and employ more Americans.

â€œToday I urge other nations to follow our example and liberate your citizens from the crushing weight of bureaucracy,â€ Trump said. â€œWith that, you have to run your own countries the way you want.â€

The president did not address ongoing trade deliberations with the EU or member nations despite reports that he and French President Emmanuel Macron reached an agreement in their dispute over digital taxes.

Trumpâ€™s speech came a day after the presidentâ€™s legal team implored the Senate to reject the Houseâ€™s two articles of impeachment against him. The third presidential impeachment trial in U.S. history will begin later Tuesday.

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