wnol.info July 20 2018

Trump to attend Davos economic conference

July 20 2018, 08:35 | Irvin Gilbert

Trump to attend Davos economic conference

Donald Trump willbe following in the footsteps of Chinese president Xi Jinping who gave a pro-globalisation speech the World Economic Forum in Davos in 2017. Fabrice Coffrini  AFP

President Trump will attend the World Economic Forum, a gathering of leaders, bankers and economists in Switzerland later this month, the White House says.

An annual meeting of the wealthy global elite - some of whom have been quite critical of Trump - Davos seems a unusual venue for a president who has criticized free trade agreements and the effects of globalization on US industries.

The White House's announcement on Tuesday that Trump would attend this year came as a surprise.

Chinese President Xi Jinping used the forum in 2017 for a global call to reject trade wars and protectionism in a rebuttal to Trump.

Sanders said that Trump would defend his agenda while participating in the forum of global elites.

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It is rare for a US president to attend the Davos gathering.

Trump did not attend last January's conference - it conflicted with his inauguration. He is threatening to end the Nafta free trade agreement with Canada and Mexico, issue trade sanctions against China and scrap the Iran nuclear deal.

The first sitting United States president to appear in Davos was Bill Clinton in 2000, at the forum's 30th anniversary session. Presidents George W. Bush and Barack Obama never made the trip, but sent top aides on their behalf.

Founded in 1971 by Klaus Schwab, a German economics professor, the forum has become an annual conference that includes parties, dinners and panel discussions, largely about world social and economic trends.

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