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A Sober Trump Reassures the Davos Elite

His moment in the global sun was shadowed to an extent by a New York Times report that he had tried to fire the special counsel investigating his campaign ties to Russia and backed off only when the White House counsel threatened to resign. Mr. Trump dismissed the report as “fake news,” even though other news outlets confirmed it, and he otherwise tried to ignore it publicly.But his unlikely visit to Davos was meant to be a shift in tone from his populist, protectionist rhetoric. He went so far as to say that he would be willing to re-enter the Trans-Pacific Partnership, the Asian trade agreement he abandoned last year, if it was renegotiated on better terms. That offer came just days after the other 11 members opted to form their own bloc without the United States.“We would consider negotiating with the rest, either individually, or perhaps as a group, if it is in the interests of all,” Mr. […]

Trump Arrived in Davos as a Party Wrecker. He Leaves Praised as a Pragmatist.

“Over the past year, we have made extraordinary strides in the United States,” Mr. Trump said. “After years of stagnation, the United States is once again experiencing strong economic growth.”Economists note that the American economy is into its ninth year of expansion, a trend that speaks to how the aftermath from the 2008 financial crisis has finally run its course. A surge of cash delivered by the Federal Reserve has stimulated commercial activity.The International Monetary Fund this week lifted its forecasts for American growth in large part because of Mr. Trump’s tax cuts. Economists note that the benefits fall overwhelmingly on corporations and wealthy American households, exacerbating economic inequality.VideoTrump: ‘America Is Open for Business’Speaking for the first time at the World Economic Forum, President Trump said that the world was witnessing the resurgence of a strong, prosperous United States that is competitive once again.By THE ASSOCIATED PRESS.Photo by Tom Brenner/The New York Times.Watch in Times Video »embed But Mr. Trump framed the tax cuts as a broad source of what will be better days for all Americans. And he gained the unbridled endorsement from the man who heads the World Economic Forum, Klaus Schwab, whose eagerness to flatter his interlocutors is legendary.“On behalf of the business leaders here in this room let me particularly congratulate you for the historic tax reform,” Mr. Schwab said, adding that the tax cuts were “fostering job creation while providing a tremendous boost to the world economy.”Whatever the optics of the head of an institution dedicated to reducing economic inequality offering his unqualified support for Mr. […]