Sunday, 20 May, 2018

Trump trumpets 'tremendous' boost in US-UK trade

Angela Merkel the German chancellor said in a speech at the World Economic Forum in Davos Switzerland that she wanted a “great partnership” with Britain after Brexit Trump trumpets 'tremendous' boost in US-UK trade
Nellie Chapman | 28 January, 2018, 18:06

"Yes, people like the fact that markets are high and America has reformed its taxes, but people are very nervous about geopolitics around the world and they are very nervous partially because of Trump", he said. His message will resonate far beyond the snow-blanketed valleys below.

"The trade concepts and discussions that will be taking place are going to lead to tremendous increases in trade between our two countries, which is great for both in terms of jobs", said the president.

"We're on the same wavelength in I think every respect", said Trump, trying to dispel the perception that his relationship with May is strained.

Mr Trump arrived in Davos, Switzerland, on Thursday for his first appearance at the World Economic Forum.

He said he is looking forward to speaking to Special counsel, Robert Mueller before departing Swiss. Trump left for Saudi Arabia in May just as Mueller was appointed, departed for Asia in November as the first criminal charges in the probe were filed, and leaves this week amid new revelations of interviews with his attorney general and the Federal Bureau of Investigation director he fired.

The US President arrived in Davos shortly before noon on Thursday, having flown in by helicopter from Zurich International Airport.

Other government leaders and business tycoons in Davos are agog at the tempestuous course of USA policy under Trump, who is due to close the forum on Friday with an eagerly awaited speech days after turmoil engulfed the dollar on currency markets. "Our interests overlap in encouraging American investment in Africa, and African investment in the United States".

May said she and the president enjoyed "a great discussion" in their meeting, adding: "We continue to have that really special relationship between the United Kingdom and the USA, standing shoulder to shoulder because we are facing the same challenges across the world". His combative commerce secretary, Wilbur Ross, conceded Wednesday that China could respond by imposing its own tariffs on US products.

Kelly was in the middle of a story when Trump entered the room, to the surprise of reporters and White House staff.

Trump kicked off his first official day here by holding a bilateral meeting with May.

The dollar weakened after the comments, in particular a statement by Steven Mnuchin that a weak dollar was good for the US. The U.S. currency fell sharply, hitting a three-year low against the euro. "We couldn't be happier with the response from business".

Trump and May previous year traded criticism over Trump's retweets of a far-right group's anti-Muslim videos.

US President Donald Trump and British Prime Minister discussed an array of issues at their talks in Davos.

Canadian Prime Minister Justin Trudeau and Trump aren't expected to hold a one-on-one meeting in Davos.

This is Trump, of course, so a bit of off-prompter freelancing is always a possibility - particularly when he knows he has the eyes of the world on him.

"He has a duality in his personality".

Davos is "not exactly a sympathetic audience" for Trump, according to William Allen Reinsch of the Center for global and Security Studies.

On the campaign trail in 2016, Trump warned against the "false song of globalism". While now exiled from Trump's orbit, his former chief strategist, Steve Bannon, bemoaned Davos and all it stood for.

The scene in Davos of two of the former Axis powers in World War Two cautioning the USA against nationalism was a sign of how much Trump's election has unsettled governments in Europe and altered the relationships that have existed since the war.

Participants at Davos have historically espoused the benefits of free trade and global engagement. The theme for the summit this year: "Creating a shared future in a fractured world". Previews of the address focus on the fact that "America First" doesn't mean "America only". I don't think there will be any inconsistencies with what we've said today. "We face the same challenges across the world, and as you say we're willing to go and to defeat those challenges and meet them". He is expected to trumpet his recent tax reform package, which saw corporate tax rates slashed in the US, to attract business into the U.S.

"He's a businessman but he's not your normal type of American businessman", Niblett said. And we need to see more cooperation from smaller platforms like this. "He's not somebody who's gone through that experience".

His hope is that President Trump's visit will be "a constructive one rather than a destructive one".

Without naming Trump, German Chancellor Angela Merkel evoked the build-up to the two world wars and openly questioned whether leaders had learned the lessons from those 20th century conflicts.