Davos 2020: Donald Trump to address World Economic Forum – day one live – The Guardian, Theguardian.com
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Trump: we could do tremendous trade deal with UK
On Brexit, Trump says he hopes to agree a tremendous trade deal with the UK, adding that PM Boris Johnson also wants to do this.
6. (am) (EST) :
The US president has praise for the UK’s leader Boris Johnson, calling him “a wonderful new prime minister” who “wants very much to make a deal” on trade [following Brexit].
On to trade … Trump says negotiations with China on a Phase Two trade deal will start shortly. Last week, the world’s two biggest economies finally signed the long-awaited Phase One agreement.
Our relationship with China has right now probably never been better. We went through a rough patch.
Trump continues to trumpet his achievements, now turning to families with children, saying his administration had doubled child tax credit for m American families. He then adds America has some of the lowest taxes in the world.
Tremendous wealth is pouring into areas that for (years saw nothing.)
There is no better place on earth than the United States.
Updated at 6. (am EST )
6. (am EST) :
Trump criticises the Fed
The president says that the economic boom has happened “despite” the US Federal Reserve, which “raised rates too fast and cut them too slowly”.
The time for skepticism is over. People are flowing back, he says, thanking business leaders who have moved factories into the US.
And he’s straight into banging the drum about how well America is doing.
I’m proud to say that the US is in an economic boom, the likes of which the world has never seen before, says Trump.
America is thriving, flourishing, and winning like never before, he continues, citing the trade deals signed last week with China, and Mexico-Canada. Those deals are a model for the st century, he claims
He claims the US was flagging when he took over, and that pessimism had taken root among business leaders and other influential figures. But under his watch, things are improving …..
Klaus Schwab is welcoming the US president back to the stage, for the second time (after ).
It is an honor to host you, Mr President, says Schwab – who has never knowingly under-flattered a world leader.
Over the last three years, the US economy has enjoyed growth and dynamism, Schwab continues, citing stock market growth, and the very low unemployment rate in the US
‘s speech to (# WEF) in Davos hear the announcer say: “Ladies and gentlemen, we now present a special performance of an iconic Swiss song … ” (January) ,
(5.) (AM) (EST) :
Outside the Congress Hall, a large crowd are gathered near to a white double door where president Trump should soon appear.
Our live feed isn’t broken, don’t worry. It simply lacks a president ….
Klaus Schwabb, founder of the World Economic Forum (64 years ago!) is on the stage now.
He tells the audience of “global stake holders” that there is a “general loss of trust and confidence among people, along with profound pessimism and cynicism”.
But each of us can help create a better world, Schwabb insists, whether you’re a politician, business leader, the head of an NGO, an activist, a cultural leader or a young person.
That’s certainly what four young people – (Greta Thunberg) , (Natasha Mwansa,
Schwabb is now giving a gushing welcome to the Swiss president for all the help keeping Davos going all these years.
History isn’t going to solve the world’s problems, but it can help you think about the world’s problems in a more complicated and subtle way.
She also suggests we shouldn’t dismiss Davos as simply a place for partying. Some good can come out of it too, she tells me (before heading towards the Trump speech).
Every time you hear it on the news, it’s ‘Mr So-and-So is at the schmooze-fest at Davos’.
Maybe it is..but there’s worse things to do than schmoozing, if actually what you’re doing is talking and thinking hard at the same time.
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