Previewing President Trump's Trip To The World Economic Forum In Davos
President Trump is jetting off to Davos, Switzerland, this week to attend the World Economic Forum. He is set to meet with British Prime Minister Theresa May and Israeli Prime Minister Benjamin Netanyahu, among many other world leaders.
OZY.com Reporter Nick Fouriezos takes a look at the president's goals for the trip. He'll be the first sitting president to attend the forum in almost two decades.
President Trump isn't traveling alone. At least six of his cabinet members will be heading to Davos as well. Fouriezos also points out that House Majority Leader Kevin McCarthy is slated to attend the forum. He is one of the lead negotiators on immigration reform, which could set back discussions on the future of DACA and the Dreamers.
Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
