Date
26 February 2020
Donald Trump delivers a speech during the World Economic Forum annual meeting in Davos, Switzerland, on Tuesday. Photo: Reuters
Donald Trump delivers a speech during the World Economic Forum annual meeting in Davos, Switzerland, on Tuesday. Photo: Reuters

Trump touts US economy, dismisses climate ‘prophets of doom’

US President Donald Trump touted the success of the American economy in Davos on Tuesday, dismissing “perennial prophets of doom” on climate change, Reuters reports.

Speaking to an audience that included teen climate activist Greta Thunberg, Trump largely shied away from environmental issues, which are top of the agenda at the annual meeting of the World Economic Forum.

Trump said the US would join an initiative to plant a trillion trees, but spent several minutes of his speech hailing the economic importance of the oil and gas industries, the report said.

Touting the achievements of his administration, Trump picked up on some of the themes he voiced in 2018.

He thanked overseas companies for investing in the United States and said the US is on far better economic standing than he had imagined when he took office three years ago.

“The time for skepticism is over,” Trump said as he invited more foreign money.

“To every business looking for a place to succeed…there is no better place than the US,” he added.

It was the second time Trump has taken the stage at the WEF meeting. Two years ago, he urged companies to invest in America after passing the first tax cuts to encourage business spending.

This year, he stuck to the theme.

He told a packed auditorium that trade deals struck this month with China and Mexico represented a model, and took his biggest swipe yet at the Federal Reserve, whose policies he says are holding back the US economy.

“The Fed raised rates too quickly and has lowered them too slowly,” Trump said.

Thunberg, one of many young people speaking at Davos this year, left Trump’s address flanked by security and pursued by camera crews and reporters.

“You say children shouldn’t worry … don’t be so pessimistic and then, nothing, silence,” Thunberg said.

Trump later told reporters: “I’m a very big believer in the environment. I want the cleanest water and the cleanest air”.

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