Trump wins over global elites at Davos. All it took was a $1.5 trillion tax cut.
Trump wins over global elites at Davos. All it took was a $1.5 trillion tax cut.
DAVOS, Switzerland — Donald Trump may have finally gained entry into the exclusive global club of the corporate elites he has long scorned — and which has scorned him. All it took was a $1.5 trillion tax cut and a much more hands-off approach toward regulating companies for business leaders to embrace him.
It is a big change in attitude from a year ago, when many in the business elite viewed President Trump’s inauguration and nationalistic brand of politics with high anxiety. Business leaders and their companies slammed the new administration’s ban on travel from six majority-Muslim countries — filling their social media accounts with criticism — and seven months later disbanded advisory councils to the president to protest his racially charged remarks about Charlottesville.
Trump’s arrival at the World Economic Forum in Davos on Thursday — the epicenter of global financial elites — showed how much the cold relationship had thawed.
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