“Our economy is now booming and with all I am doing, will only get better...Our country is finally WINNING again!”White House aides said Trump’s message would be the same that he has given during other trips aboard over the past year: The United States wants strong ties with its allies but wants to reduce chronic trade deficits with many of them.“America first is not America alone,” said White House senior economic adviser Gary Cohn, who is traveling with Trump. “When we grow, the world grows; when the world grows, we grow. We’re part of it, and we’re part of a world economy. And the president believes that.”In the run-up to his trip to Davos, Trump slapped a 30 percent tariff on imported solar panels, among the first unilateral trade restrictions imposed by the administration as part of a broader protectionist agenda.Then on Wednesday in Davos, U.S. Treasury Secretary Steven Mnuchin said he welcomed a weakening in the dollar. Fears of protectionist trade policies by the United States had already pushed the greenback to a three-year low, and Mnuchin’s remark pushed it down further.Trump will use his trip for some diplomacy.

Source: Egypt Today January 25, 2018 09:33 UTC