Macron tells Davos elite to share the wealth

Amos Ben Gershom

European leaders including French President Emmanuel Macron and German Chancellor Angela Merkel will take the stage at the World Economic Forum later Wednesdayin advance of Trump's surprise visit, to defend the liberal global order after a year-long assault by the United States president.

File image of Emmanuel Macron.

Speaking from the World Economic Forum (WEF) in Davos, he urged for a "global compact" that would stand against globalization, warning against a race to the bottom on taxes and regulation. "Because we will never have any French success without European success", he said. The French President believes that European countries should coordinate their tax policies "because otherwise, talents will disappear". It is his first speech at Davos since the election in May.

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She said that isolationism and protectionism were not solutions to the economic challenges facing countries around the world.

In highly awaited speeches ahead of Trump's arrival to the elite gathering in Davos, the French and German leaders insisted that while the world faces risks from all sides, populism and tighter borders will only make things worse.

"We think that shutting ourselves off, isolating ourselves, will not lead us into a good future". "I don't want to say it's impossible to build at 27", he said, but called on the bloc to "change our methodology" and "not to wait for all the people around the table before moving forward".

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Trump, during his 2016 campaign for the presidency, had rejected the idea of holding state dinners, feeling they were an expensive waste of time.

US officials moved to reassure the World Economic Forum at the Davos summit that "America First" did not mean going it alone, but US Commerce Secretary Wilbur Ross also warned that in trade, "US troops are now coming to the ramparts" to defend American interests.

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