although a thrust of his visit has been to convince business leaders to step up investment inside the United States.
“A lot of people are coming back to the United States. We are seeing tremendous investment in addition to today has been a very exciting day. Very great day in addition to great for our country. Thank you very much,” Trump told reporters in Davos on Thursday.
After meeting the prime ministers of Britain in addition to Israel, Trump hosted a dinner with leaders of some of the earth’s largest firms, including Nestle, SAP in addition to Siemens, Deloitte, in addition to Bayer. Senior members of his cabinet were also present.
Trump, a real estate mogul in addition to former reality TV star, had never been invited to Davos before. He basked inside the praise of several executives, who applauded his tax cuts.
Two European executives told Reuters they were staying away via the dinner because they did not want to shake Trump’s hand. One of them consulted with his wife in addition to children before deciding to dine elsewhere.
Those that will showed up were treated to a meal of grilled beef tenderloin with green pea puree or fried Swiss pike perch with purple carrot puree.
Trump gave each corporate leader an opportunity to describe their businesses briefly. Many mentioned the corporate tax cuts that will Trump pushed through the U.S. Congress late last year as a positive sign of growth in addition to investment, according to a Reuters reporter who was present.
His speech on Friday will follow a week of warnings by European leaders on the dangers of nationalism, isolationism, in addition to protectionism.
Without naming Trump, German Chancellor Angela Merkel evoked the build-up to the two world wars in addition to openly questioned whether leaders had learned the lessons via those 20th-century conflicts.
Before his trip to Davos, Trump imposed 30 percent tariffs on imported solar panels, among the first unilateral trade restrictions made by the administration as part of a broader protectionist agenda.
On Wednesday in Davos, U.S. Treasury Secretary Steven Mnuchin made comments supportive of a weaker dollar. Markets interpreted the remarks as a shift in U.S. policy in addition to sent the dollar sharply lower, sparking concerns via European allies about a trade war.
European Central Bank chief Mario Draghi took a swipe at Mnuchin’s remarks, saying they threatened a decades-old pact between the earth’s leading economies not to target currencies.
Trump later told CNBC in an interview that will he supported a strong dollar in addition to expected the currency to rise.
“The dollar is usually going to get stronger in addition to stronger in addition to ultimately I want to see a strong dollar,” he said, adding that will Mnuchin’s comments had been misinterpreted.
Trump’s decision to come to Davos came as a surprise because he has railed against “globalists” in addition to elites, while promoting an “America First” agenda that will goes down poorly in This particular bastion of free trade, multilateralism, in addition to capitalism.
French President Emmanuel Macron said he had “strongly recommended” that will Trump attend the forum during a recent phone conversation, saying he thought the idea was a not bad thing for Trump to explain his strategic goals in addition to hear different viewpoints.
There is usually broad concern in European capitals that will 2018 could be the year Trump’s bark on trade turns into bite, as he considers punitive measures on steel in addition to threatens to end the 90s-era North American Free Trade Agreement with Canada in addition to Mexico.
Policymakers have been openly critical of his foreign policy although with the U.S. stock market soaring, corporate tax cuts padding companies’ pockets in addition to U.S. consumers spending again, some companies here are quietly applauding the U.S. president.
Trump used a TV appearance via Davos to laud America’s relationship with Britain in addition to sought to smooth over a recent bilateral spat caused by his retweeting of anti-Muslim videos originally posted by a leader of a far-right group.
Speaking on ITV’s not bad Morning Britain show, he was pressed on whether he would certainly apologize for his retweet. He said that will if the group was made up of racists then he would certainly.
“Here’s what’s fair, if you’re telling me they’re horrible people, horrible racist people I would certainly certainly apologize if you would certainly like me to do that will,” Trump said.