'America First' triumphs in Davos
The president offered a fantastic point on the so-called debate over globalism and trade. "As president of the United States," he said, "I will always put America first, just like the leaders of other countries should put their country first also.
"But America first does not mean America alone."
In an illuminating interview with my friend and CNBC colleague Joe Kernan, Trump said he's willing to deal on trade -- including NAFTA, and perhaps the Trans-Pacific Partnership. But he correctly insisted on reciprocity. Barriers should be torn down by both sides. Arbitrations must protect America, not penalize it.
"I'm a free trader," he said. "I'm a fair trader. ... but I want reciprocal."
He also told Kernan that the U.S. dollar will strengthen based on America's resurgence, and that it will remain the world's reserve currency.
So, America First came to Davos, and to all the multilateral globalists and multinationalist elites. And these CEOs, bureaucrats and academics listened carefully to Trump's words.
Success has a thousand fathers, but defeat is an orphan.
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