President Donald Trump flew overnight to the World Economic Forum in Davos, Switzerland, where he will push his “America First” agenda and seek more fair, reciprocal trade between the United States and its allies. “America first is not America alone,” said White House senior economic adviser Gary Cohn, who is traveling with Trump. Then on Wednesday in Davos, US 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 appeal for increased global investment in the United States to take advantage of corporate tax cuts approved by Congress late in 2017 and Trump’s deregulatory policies.

Source: Egypt Independent January 25, 2018 08:03 UTC