President Trump is getting ready to turn on the charm and woo investors interested in parking their money in the United States with his upcoming Davos speech. President Trump will use the platform at Davos to extol the benefits of choosing U.S. businesses over foreign competitor’s rather than as a forum for bashing globalization.
Trump will speak at the World Economic Forum for the first time, which has many potential investors worried that he might use that opportunity to resume his campaign tirades against globalization. That definitely wouldn’t go over well with the Davos crowd. Instead, President Trump is expected to champion the notion of “America First,” the unofficial title for Trump’s inauguration speech and a major pillar of Trump’s campaign agenda.
President Trump will do his best to forward the idea that the U.S. economy is a land of low corporate taxes and lax regulations. The end goal behind this rhetoric will be painting the U.S. economy as one that’s hospitable to international investment. Trump plans on trumpeting the positive effects that his administration’s policies of deregulation and lower taxes have had on the overall economy.
Some critics are worried that Trump might focus too heavily on topics like making sure trade deals are equitable for U.S. workers. Remember that Trump the campaigner made disemboweling the Trans-Pacific Partnership a key plank of his campaign promises. The notion of “building a wall” between the U.S. and Mexico would also ring as a false note to foreign investors eager to capitalize on cheap labor, low tariffs, and the unfettered movement of both workers and capital.
More domestically minded critics view Trump’s upcoming Davos speech as a warmup for next week’s State of the Union address. Reassuringly, Trump appears set to use his upcoming Davos speech as a way to encourage foreign investment without focusing too heavily on the interests of U.S. workers or his more populist tendencies.
President Trump also looks ready to sidestep the predicament that withdrawing from the Trans-Pacific Partnership may have put the United States in long term. Although the trade deal appears to advantage the interests of globalists over those of workers, the TPP ostensibly would have put the United States in a more commanding position over China vis-a-vis Asian economies.
How Asia will now be divided commercially is somewhat of an open issue. Instead, look for Trump to celebrate his tax cuts and domestic growth numbers.