USA and United Kingdom joined at the hip

Will Donald Trump's tax cuts in the US open up a warm welcome to him from the proponents of globalisation gathering in Davos

It had been earlier rumoured Mr Trump was too busy to meet Mrs May - possibly a stubborn reaction to the cancellation of his planned state visit to the UK.

Trump said there would be a "tremendous increases in trade" between the two countries, adding that the process will start "pretty much as we speak".

As though to put to bed any tensions about Trump's canceled visit, the two sides agreed to plan a Trump visit to London later this year.

But executives said the fall-out and concerns from the political quake never quite materialised, at least for now. But is also reported that Trump will meet with Rwandan President Paul Kagame, in his capacity of incoming chairman of the African Unionexternal link.

Many mentioned the corporate tax cuts that Trump pushed through the U.S. Congress late past year as a positive sign of growth and investment, according to a Reuters reporter who was present.

Before leaving Washington for Davos on Wednesday evening, Trump tweeted to his 47 million followers that he was going to Davos "to tell the world how great America is and is doing".

Declaring that he wanted to correct the "false rumour" of a transatlantic falling-out, he assured Mrs May: "We love your country".

Mrs May said they had enjoyed a "great discussion" about the prospects for improved trade relations.

Trump's meeting with Netanyahu will be his first one since he declared that the United States recognizes Jerusalem as the capital of Israel, a decision that has strained USA ties with some Arab leaders. "We share a really great relationship", Trump said.

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Appearing with Netanyahu after a one-on-one meeting, Trump threatened to withhold US aid to the Palestinians "unless they sit down and negotiate peace" with the Jewish state during a joint appearance with the media.

The US President arrived in Davos shortly before noon on Thursday, having flown in by helicopter from Zurich International Airport.

Trump commented as he opened a meeting with Israeli Prime Minister Benjamin Netanyahu during an economic summit in Davos, Switzerland.

In addition to meetings with world leaders, Trump will also host a small dinner for European business executives on Thursday night.

The 48th World Economic Forum opened today here with participation of 3,000 business people and representatives of social and cultural organizations, who will debate a comprehensive agenda that ranges from worldwide collaboration to future global challenges.

Seeking to demonise the president in turn was Swiss activist group Campax, which hung a giant banner on an Alpine peak near Davos reading "Trump not welcome", and Greenpeace, which beamed anti-Trump laser messages onto another mountain.

But he cancelled the trip, voicing displeasure at the cost and the location of the new building.

One of Europe's most high-profile CEO's concurred: "I've learned over time not to bet against the USA economy", said Credit Suisse CEO Tidjane Thiam, a Franco-Ivorian considered to be close to France's leader Emmanuel Macron.

A year ago, the Davos spotlight was claimed by China's communist leader Xi Jinping, who took up the torch of global trade to the delight of the well-heeled audience then anxious about Trump's inauguration. He is expected to trumpet his recent tax reform package, which saw corporate tax rates slashed in the US, to attract business into the U.S.


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