my message is peace and prosperity u.s. president donald trump told reporters in davos we'll wrap up the world economic forum for you. here in the united states during the cast of glee well in the winter decades the stock markets are incredible this is a coming back into the united states and i think it's going to be great pressures that people are going to like here. it's time for business on the w. i'm sure you know to get us welcome the world economic forum has come to an end a special one we could say where for the first time in years almost all the heads of government and state of the world's biggest economies took part in prime minister night in their modi opened the event the leaders of france italy germany greece and the king of spain headlined the second day but the most anticipated guest was u.s. president donald trump and his speech at the event. the majority of participants at

doubles are advocates of free trade but not donald trump he used the stage to promote his america first strategy and his country. the world is witnessing the resurgence of a strong and prosperous america. i'm here to deliver a simple message there has never been a better time to hire to build to invest and to grow in the united states america is open for business and we are competitive once again he had little to say about this year's main topics climate change globalization protectionism issues that other leaders addressed often from indian prime minister nothing to modi french president manuel mcclelland spain's king philippe to german chancellor angela merkel they also had their say about protectionist policies. we believe that isolationism won't take us forward we believe that we must cooperate protectionism is not the correct answer. and that was an indirect swipe

at u.s. trade policy earlier this week washington imposed tariffs on some imported goods but not everyone was critical. on many fields of multinationals will come to corporate tax reform in the u.s. . thank you. helen humphrey has been covering the events in davos for us hi helen it's good to see you again all term speech is over it was as we just said highly anticipated but we really didn't hear anything new so is there disappointment there or rather relief. i mean both have yeah there was nothing much new in that speech but it wasn't inflammatory it certainly was overhyped and the davos elite decided it didn't contain much of use for them he instead he used it to talk about domestic policy he vaunted what he sees as his successes for one year in office in terms of that corporate tax reform

going from thirty five percent down to twenty one percent the falling unemployment rate as well as stock market record off the store stock market record now he called for fair trade as well as free trade and he said that he wanted the end of intellectual property theft as well in industrial subsidies so although he didn't criticize china using the name of the country he certainly looked it squarely in the i i think the reality of this world economic forum is that president on all trumps certainly had the spotlight here but whilst he was in the spotlight he just proved the fact that he stands for everything that the global elite here stands for he senses against it firmly in terms of his protectionist sentiments his tendency to you know use populist rhetoric and he's great yeah still as he leaves us now he's left with the global elite. oh now you already mentioned it trump was in the

spotlight but it was only one point on the agenda there was a lot more in the form has actually ended for this year what are the takeaways. a stronger europe. came out very strongly making the case for a stronger europe the french president to manually michael really a merge the davos dolling here it was also a lot of talk about growth whether it's sustainable whether it could last the i.m.f. raise the growth for cost upwards for this year and the next to three point eight percent but ease growth a valuable way of really measuring the world economy oxfam pointed out that there were more billion as last year than ever before that eighty two percent of wealth grown last year remains in the hands of the one percent that inequality in closing that gap really should be a priority and those are just some of the main takeaways from a packed meeting here in switzerland helen humphrey thank you very much for freezing for us and for the excellent coverage from davos. and helen was telling us

that all trump of course had a big impact now we're talking about one of the most polarizing voices in the international stage so of course there were mixed opinions about what trump had to say is the u.s. truly doing better than ever before world economic forum participants mostly disagreed and not only for economic reasons i walked out of his speech because i do not believe that this is a forum for people who use the kind of language that he is we're talking about creating unity in a fractured world to hear and his statements over the last month about haiti where i live and work and many other countries in the world only deepen those fractures i mean i came here with very low expectations and i have to say he met them. you know it was a speech really about america first and i think to understand these issues in the context of a global international community it just rang very odd you know i think the

audience sat there and listened there were no claps if fell flat it was really selling a story of america donald trump has given a speech today in which has been reaching out to a little bit of multilateral trade on. t.t.p. things out was something which was you statistics are all wrong in his favor of course they are not accurate as an african-american myself living in america i do know the impact of what his presidency has done to the african-american community in terms of the vision of the country i know what it has done in terms of the division i'm sorry and just to be where where is the community and you know whether so supportive of our work a social enterprise i think there was a huge disconnect with the information that the president of the united states of america delivered. and speaking off america first the u.s. international trade commission blocked the attempt by washington to impose punitive

tariffs of three hundred percent and canadian airplanes from one budget the bipartisan panel concluded that on monday is planes do not arm u.s. plane maker boeing as claimed by donald trump's commerce apartment last year the u.s. government accused of idea of receiving subsidies from canada creating an unfair competition for its own aviation industry but his latest jet the c. series is considered a direct competitor to boeing's best selling aircraft the seven thirty seven this could be a huge topic let's discuss it with our financial correspondent on wall street yes caught to hi yes it's good to see you on this friday now this story about what does it mean exactly will those three hundred percent tariff speech effectively lifted at least for now the u.s. will not be able to go forward and start with those steep terror in regards

to bombard you we still have to word it wait for the final wording of this decision and that's actually also what to boeing said so boy they filed both claims and boeing is saying that they will have a closer look at the wording and then they will decide the next steps and so this battle between boeing and bombardiers going on for quite some time so this is the next but probably not the final chapter in this story now yes what does this mean for the america first policy and for the influence of trump actually has on the trade and on policy. it is a big blow to the u.s. government because if the i.d.c. stands in the way then also some of those other tariffs we were talking about in the past couple of weeks are in jeopardy the u.s. international trade commission is an independent body and it shows that obviously

at least one commission is stepping in the way of the u.s. government to who try to save their own industry with those tariffs it's a very controversial topic over here and a lot of economists actually say that having such a protectionist course is not good for us grows so this decision actually might be a good one for the u.s. economy looking at of all the story together with you thank you very much hotter in new york and have a good weekend. on to another topic that might influence the economy cannabis is getting legalized in more and more countries and that means great business opportunities for those who dare to get involved right now one investor in iceland believes his country is ideal for growing weed and that the government is missing the opportunity of a lifetime growing cannabis the plant used to make marijuana is illegal in iceland but one investor wants that changed he believes the island offers great conditions

for growing the wheat. question we need electricity and water for production we have a lot of both here in iceland. iceland has a huge amount of geothermal energy and islam says using that resource to grow cannabis could benefit the country's economy. it is clear that there are things happening in this area and everything is on the move. not on our part of the year whether we like it or not everything indicates this is growing into an extensive international business in our countries legalize marijuana the market is growing earlier this month alone legalizing recreational marijuana went into effect in california experts say sales of marijuana could reach seven billion dollars use of the drug is already illegal in countries like the netherlands no surprise that investors in countries as far away as iceland hoping to benefit the right choice. that's at the list vision of the w.

business thank you very much for joining us from number always on the web for you d.w. dot com next time. i am. going to. be. cut i'm. going. to go to our i'm. going to go. to.

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