US President Donald Trump declares 'America open for business' at Davos summit - Deutsche Welle

In a defense of "America First," Donald Trump has urged companies from across the globe to invest in the US. The president also called for greater cooperation on combating terrorism and pressuring North Korea.

US President Donald Trump on Friday declared his first year in office a major economic success during his speech to delegates of the World Economic Forum in Davos, saying "now is the perfect time to bring your business" to the US.

Trump highlighted the latest US tax overhaul and reduction in regulations, which Davos summit chairman Klaus Schwab said contributed to global growth before the president took the stage.

Read more: Davos: New momentum for Europe?

Have other US presidents visited Davos summit: Trump is the second sitting US president to visit the Davos summit. Bill Clinton was the first to do so for the forum's 30th anniversary in 2000. However, the late Ronald Reagan had participated via video link in the 1980s.- Read More

US President Donald Trump declares ′America open for business - DW