U.S. President Donald Trump said on the 21st (local time) at the World Economic Forum (WEF, Davos Forum) in Davos, Switzerland, that "European countries, Japan, and Korea are our partners."

U.S. President Donald Trump. /Courtesy of AFP Yonhap News

In a special address at the forum, President Trump said, "We have concluded historic trade agreements with partner countries that account for 40% of total U.S. trade."

He added, "In particular, we reached large-scale agreements centered on oil and gas," and noted, "These agreements lift (economic) growth and drive the stock market into a boom."

He went on, "That is true not only in the United States but in virtually almost every country where (trade) agreements have been concluded," adding, "When the United States grows, you go up as well."

President Trump assessed that thanks to his policy tariff used as a negotiating tool for trade agreements, the United States significantly reduced its trade deficit. He claimed, "Only a few smart people thought I was doing the right thing, but now they think I am right."

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