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Trump Shares The Formula For U.S. Economic Success – “Prioritize Your Own Citizens First”



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Jan 21 2020
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Greta Thunberg lectures the world leaders that they are running out of time to fix climate crisis. Speaking at the World Economic Forum (WEF) at Davos, Switzerland, the 17-year-old Swedish climate activist warns that the world is still on fire, despite having spoken about the same climate emergency last year. And she plans to keep repeating herself until actions are taken.

 

Interestingly, billionaires and celebrities and world leaders who agreed that climate crisis needs to be tackled were flying private jets to the WEF. President Donald Trump, a non-believer in climate change, has suddenly said he is a “big believer in the environment – pledging to join the one trillion trees initiative across the globe to combat raising global temperatures.

 

However, the U.S. president also said that “we must reject the perennial prophets of doom”, clearly targeted at climate activists like Greta Thunberg. Trump didn’t attend the World Economic Forum this year because of climate change. He went there to share – or rather to lecture – the world leaders on how to make their own respective country’s economy as successful as America.

World Economic Forum 2020 - Davos Switzerland - Donald Trump

Making his first appearance on the international stage since the House sent impeachment articles to the Senate for a trial, Donald Trump was 4,200 miles away from Washington to share the success of the U.S. economy under his leadership. Addressing the World Economic Forum, Trump proudly said – “Before my presidency began, the outlook for many economies were bleak.”

 

Mr. Trump told the audience in Switzerland – “America’s newfound prosperity is undeniable, unprecedented and unmatched anywhere in the world. America achieved this stunning turnaround, not by making minor changes to a handful of policies, but by adopting a whole new approach centered entirely on the well-being of the American worker.”

 

Trumpeting his “America First” agenda, Trump encourages other nations to adopt a similar recipe of success. He lectured – “Every decision we make on taxes, trade, regulation, energy, immigration, education and more is focused on improving the lives of everyday Americans. Only when governments put their own citizens first will people be fully invested in their national futures.”

Donald Trump - Cap Make America Great Again

Indeed, truckloads of chief executives gathered at Davos have benefitted from Trump administration economic policies, especially the 2017 Tax Cuts and Jobs Act, which lowered the corporate tax rate to 21% and boosted business profits of corporations. The reason behind the lower tax rates was to entice global businesses to shift production to the U.S. and therefore, employ more Americans workers.

 

Trump’s economic policies included a declaration of trade war with the Chinese, which came to a halt after the U.S. and China signed a “Phase One” trade deal. The president has been telling all and sundry how the latest trade deal increases the export of American goods and services to China. Beijing agreed to purchase an additional US$200 billion in U.S. goods over the next two years.

 

However, it’s unknown if China plans to keep its promise, or by doing so will force the nation to divert its import from other countries just to meet the purchase quota. The U.S. might not turn isolationist under Trump administration, but it certainly is turning “unilateralist”. Donald Trump believes others were taking unfair advantage of the U.S.

Donald Trump - America First

He insisted that his “America First” vision does not necessarily mean isolation. Trump, the first sitting president to address the gathering since Bill Clinton in 2000, told the crowd – “As president of the United States, I will always put America first, just like the leaders of other countries should put their countries first also. But ‘America First’ does not mean America alone.”

 

Trying to convince the world that “America First” was actually a win-win solution, Trump said – “When the United States grows, so does the world”. As a former businessman, he told foreign bankers and corporate businessmen that “America is open for business” and that “there has never been a better time to invest, build and grow in the United States.”

 

Amusingly, as Donald Trump was speaking at Davos, latest figures for US economic growth were released that show a slowdown in growth from 3.2% to 2.6% in the final quarter of last year (2019). This meant annual growth for 2017 was 2.3%, up from 1.5% in 2016 but below the president’s 3% target.

US-China Trade War - Clashes

 

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