THE DAVOS ELITE PREPARES TO BOW TO TRUMP
World Economic Forum, Davos, Switzerland. Team Trump stormed the fortress of the global elites on their first day (1/24) in Davos, defiantly accusing foes of blinding the world with free trade humbug and abusing the international trade system. Their boss arrives tomorrow (1/25) and delivers his keynote speech Friday (1/26).
The US economic cabinet – Steve Mnuchin at Treasury, Wilbur Ross at Commerce, Rick Perry at Energy – said America has long been the victim of daily guerrilla warfare by trade hypocrites and is at last drawing its own sword in response, no longer willing to tolerate what it deems to be systematic gouging of the open US market.
“Trade wars are fought every single day: every single day there are always parties violating the rules and trying to take unfair advantage of things,” said Mr. Ross. “So a trade war has been in place for quite a little while. The difference is, US troops are now coming to the ramparts."
Mr. Ross denied that President Donald Trump is retreating into commercial isolation, insisting that the blizzard of 84 separate trade measures, probes and sanctions over the last year are a response to mercantilist abuses that have been tolerated for far too long.
“What has provoked a lot of the trade actions is inappropriate behavior on the part of our trading counter-parties. Many countries are good at the rhetoric of free trade but actually practice extreme protectionism, and that is a problem the president is quite determined to deal with."










