For the second bilateral meeting at the Davos summit, President Trump meets with President Simonetta Sommaruga of the Swiss Confederation. [Video and Transcript]
Prior to Davos bilat #1 President Trump holds a media availability with President Ursula von der Leyen of the European Commission. [Video and Transcript Below]
There is a great deal of international interest in this speech.
[Transcript] – PRESIDENT TRUMP: Well, thank you very much, Klaus. And a very special congratulations on your 50th year hosting the Annual Meeting of the World Economic Forum. A truly amazing achievement.
It’s an honor to address the distinguished members of this organization for the second time as President. When I spoke at this forum two years ago, I told you that we had launched the great American comeback. Today, I’m proud to declare that the United States is in the midst of an economic boom the likes of which the world has never seen before.
We’ve regained our stride, we discovered our spirit and reawakened the powerful machinery of American enterprise. America is thriving, America is flourishing, and yes, America is winning again like never before.
Just last week alone, the United States concluded two extraordinary trade deals: the agreement with China and the United States-Mexico-Canada Agreement — the two biggest trade deals ever made. They just happened to get done in the same week.
President Trump traveled overnight to Davos-Klosters, Switzerland, to attend the World Economic Forum. [Livestream Links and Daily Schedule Below] I found it very interesting that Secretary of State Mike Pompeo was not on the Dec. delegation list.
The U.S. Delegation includes: Treasury Secretary, Steven Mnuchin; Commerce Secretary, Wilbur Ross; Labor Secretary, Eugene Scalia; Transportation Secretary, Elaine Chao; U.S. Trade Representative, Robert Lighthizer; Under Secretary for Growth, Energy and Environment (DoS), Keith Krach; Asst to the President, Ivanka Trump; Asst. to the President, Jared Kushner; and Asst. to the President / Deputy for Policy Coordination, Christopher Liddell.
The 2020 Davos economic conference will be a little more important to watch this year (as it was in 2017) due to the completed U.S. Trade Agreements (S Korea, Japan, Mexico, Canada, and China) and the predicted focus for the Trump administration to pivot from Asia to the EU and U.K. for the next critical phase of the ‘America-First’ global trade reset.
There will likely be a great deal of attention upon the opening remarks by President Trump scheduled to be delivered at 5:30am ET / 11:30am Switzerland.
UPDATE: Video Added
Moments ago President Trump and Vice President Pence made an unscheduled stop to the Martin Luther King Jr. Memorial in Washington DC to pay their holiday respects.
Senator Ted Cruz appears for a discussion on the Senate impeachment trial. Cruz walks through the most likely scenario of 24 hours prosecution case (two or three days), then 24 hours of defense case (two or three days); then the individual Senators submitting questions to the Chief Justice, John Roberts, to ask both sides. This phase of the process should take two to three weeks total. Then the issue of “witnesses” will be debated.
The 2020 Davos economic conference will be a little more important to watch this year (as it was in 2017) due to the completed U.S. Trade Agreements (S Korea, Japan, Mexico, Canada, and China) and the predicted focus for the Trump administration to pivot from Asia to the EU and U.K. for the next critical phase of the ‘America-First’ global trade reset.
As a result of the recent U.K. election, pending Brexit, a favorable $7.5 billion WTO ruling and USTR Lighthizer’s new $2.4 billion EU targeted tariff program, the administration has significant advantages going into a trade discussion with the EU in 2020.
Team USA has the world’s strongest economy, the largest market, legally bolstered tariff authority and a quiver full of powerful economic arrows.
Meanwhile Team EU has: (1) the UK leaving; (2) severe drops in German industrial manufacturing; (3) a shrinking French economy; (4) yellow-vests in the streets; and (5) demands for greater economic autonomy from many key member states.
Overlay Germany, France and Italy large economy challenges such as: their promise to meet NATO obligations – and their attachment to the strangling Paris Climate Treaty, and the EU’s collective economic position is precarious at best.
WHITE HOUSE – Today, President Donald J. Trump announced the Presidential Delegation that will attend the World Economic Forum in Davos-Klosters, Switzerland, from January 20 to January 24, 2020.
The Honorable Steven Mnuchin, Secretary of the Treasury, will lead the delegation.
Members of the Presidential Delegation:
The New York Times is quick to the typeset to explain how Brussels is desperately offended because President Trump and Secretary Pompeo have lowered the importance of the EU. Officials from the European Union are apoplectic that U.S. officials have downgraded their status amid the official registry of diplomatic protocols.
BRUSSELS — The Trump administration downgraded the diplomatic status of the European Union’s delegation to the United States last year without making a formal announcement or informing the bloc about the change, a European official said on Tuesday.
Earlier today President Trump delivered a speech at the World Economic Forum in Davos, Switzerland. (Video and Transcript below)
The entire economic world is unilaterally focused on President Trump and the U.S. delegation in Davos, Switzerland at the World Economic Forum. CTH has stated for several years that MAGAnomics, the U.S. economic outlook, would be the primary generational change evident from a successful election of Donald Trump. What’s happening at Davos is simply visible confirmation therein.
Boil all international and geopolitical issues down to their common denominator and everything, E.V.E.R.Y.T.H.I.N.G., every issue, every discussion, every person, every policy, every position, everything -all of it- circles around economics. Nothing matters except the underlying economics of every single issue. Power or weakness, famine or war, peace or conflict, master or servant, culture or crisis, growth or collapse, the entirety of everything -including the foundation of freedom- centers around the economics.
There are trillions at stake.
Yesterday we saw U.S. Commerce Secretary Wilbur Ross commanding around 80% of panelist discussion, and factually 100% of all questions and attention from the Davos audience. Every single question was for Wilburine. Team U.S.A. is the epicenter of the economic universe and Secretary Ross was well prepared for the severity of attention.
Today, the same theme continues as Treasury Secretary Steven Mnuchin engages with a similar panel discussion.