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Posted on:    25 Jan, 2018       Views:  900

In WEF Davos, European leaders try to counterbalance Donald Trump views

The European leaders came on Wednesday to defend free trade and global cooperation, which spurred a vision to balance many people in the form of a surge in the nationalist policies of US President Donald Trump. With the advent of Trump, the World Economic Forum is expected to arrive in Davos, Switzerland, and many government leaders have stepped up to stand against Trump's policies, especially to modify their business plans and exit the Climate Change Treaty. 
"We believe that isolationism won't take us forward," German Chancellor Angela Merkel told the elite gathered in the snowy Alpine town. "We believe that we must cooperate, that protectionism is not the correct answer."
Merkel stressed that at this time "national ego" is very high and for 2018 "the shared future in a fragmented world" was the motto of the World Economic Forum "absolutely correct".

In WEF, European leaders try to counterbalance Donald Trump views


Concerns that the U.S. Our backs on globalization are changing - which are the many sources of growing inequality along with increasing property - this week, when Trump had supported the new tariff on imported solar-powered components and large washing machines. His controversial commerce secretary, Wilbur Ross, admitted on Wednesday that China can respond to its products by applying its charges on American products.

"Always there is potential for retaliation or retaliation and to fix it up to sugar," Ross told reporters as part of Davos's largest American delegation. He warned that America itself can answer any retaliation from Beijing itself. Criticism of Trump's commercial policies is unlikely to speak to Chorus Trump, especially when taught by states that often maintain more trade barriers than the United States.
Experts believe that in countries like China, the US There are higher barriers to trade than in comparison. The European Union has also been accused of pursuing protectionist trade policies to protect its own interests, especially in agriculture and industry.

In WEF, European leaders try to counterbalance Donald Trump views


"Trade wars are fought every single day," said Ross. "Unfortunately, for the different parties trying to violate the rules every single day, and trying to take advantage of the unfair advantage of things ... the difference is that the US Army is now coming to the Rambaghas."


Under Trump's economic program, "America first" has already seen the view that trade agreement with 11 countries, from the Trans-Pacific Partnership to the U.S. Wants to recapture and rethink the North American Free Trade Agreement with Canada and Mexico. Trump has pulled the United States from the agreement of Paris on climate change, this step has strengthened the fear that "America First" means that the US. Moves forward and chooses the option for a more secessionist approach.


Before departing to Washington, Trump said that he was going to the stage to say how great America was. "Our economy is increasing now and whatever I am doing will only be better ... our country is finally winning!" President tweeted.


French President Imanuel Macron gave irony on the arrival of Trump. In the last few days, mentioning snow in large quantities that killed Devos, Macron said "It can be difficult to believe in global warming ... Fortunately you have not doubted anyone with global warming this year!"

Recognizing that each leader is valid to say "my country," Italian Prime Minister Paolo Jantiloni said that trade was meant for economic development - and that protectionism prevents him.


Trump is due to address Davos's elite on Friday and some participants have worries about what their economic and business policies can do for the global economy, which is growing at its strongest rate in the year.

There were small protests in Switzerland, scattered in Trump, and some of the participants of 3,000 said that they are not welcome due to their controversial tweets, nationalist tack and business policies.

 

 


U.S. Treasury Secretary Steven Mannuchin probably addressed concerns about a deep reception: "Our aim is to negotiate with important counterparts."


He insisted that the Trump administration believes in "free and fair trade" and was just ensuring that "American opportunities are equal to the opportunities of other people in America"

Mannuchin said that the priority of most of the trump is to promote America's development, and "economic development in America is good for the rest of the world," he said. "We are open to business."


Trump is accompanied by British Prime Minister Theresa May and Rwanda's President Paul Kagame, along with business leaders, as well as large European corporations from organizing meetings with political leaders. He is hoping to get his recent tax reform package done instantaneously, to attract business to the US. Corporate tax rates cut in.


Mannuchin said that tax reforms have already received huge dividends, in which many U.S. Businesses, including Apple, are saying that they will withdraw money in the US, pay more taxes, and handover bonuses to employees.

He said, "The reaction of the U.S. business was far better than we expected."

Mannuchin also said in the financial markets that "a weak dollar is good for us because it relates to trade and opportunities"

In WEF, European leaders try to counterbalance Donald Trump views


The comment breaks down with two decades in which the Treasury chief regularly supports a strong dollar. The US currency slipped rapidly, falling three years lower than the euro currency.

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