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Trump pushes economic agenda, woos foreign investment at Davos

Arriving at the World Economic Forum in Davos, Switzerland, President Trump aimed to project the image of a serious global leader, discussing possible trade deals with British Prime Minister Theresa May and seemingly delivering an ultimatum to the Palestinians while meeting with Israeli Prime Minister Benjamin Netanyahu. Special correspondent Ryan Chilcote reports from Switzerland.

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  • Judy Woodruff:

    This came as the president was overseas in Davos, Switzerland, where he's attending the World Economic Forum. He spent the day hunting investments, defending his foreign policy, and making news on the value of the dollar and trade pacts.

    Special correspondent Ryan Chilcote reports from Davos.

  • Ryan Chilcote:

    President Trump said he had brought a message of peace and prosperity. He also sought to project the image of a serious global leader, dismissing talk of troubled relations with British Prime Minister Theresa May.

  • President Donald Trump:

    The prime minister and myself have had a really great relationship, although some people don't necessarily believe that.

  • Ryan Chilcote:

    Less than two months ago, the British prime minister publicly rebuked Mr. Trump for retweeting anti-Muslim videos posted by a far-right group called Britain First.

    Today, the prime minister emphasized the countries' historic ties.

  • Prime Minister Theresa May:

    We continue to have that really special relationship between the U.K. and the United States, standing shoulder to shoulder.

  • Ryan Chilcote:

    The British also announced the president will visit the U.K. later this year. That visit is a controversial issue in the U.K., and has been repeatedly postponed.

  • President Donald Trump:

    We have developed a great relationship, both as countries, where I think it's never been stronger.

  • Ryan Chilcote:

    The president also exchanged warm words today with the Israeli prime minister, Benjamin Netanyahu, and issued what appeared to be an ultimatum to the Palestinians.

  • President Donald Trump:

    And we give them hundreds of millions of dollars in aid and support. That money's on the table and that money's not going to them unless they sit down and negotiate peace.

  • Ryan Chilcote:

    President Trump also defended his decision to recognize Jerusalem as Israel's capital and move the U.S. Embassy there. That decision enraged Palestinians. President Trump said it will advance the peace process.

  • President Donald Trump:

    There were never any deals that came close because Jerusalem, you could never get past Jerusalem. So when people said, oh, I set it back, I didn't set it back. I helped it, because by taking it off the table, that was the toughest issue.

  • Ryan Chilcote:

    In Jericho on the West Bank, a top Palestinian official, Saeb Erekat, responded.

  • Saeb Erekat:

    President Trump saying that Jerusalem is off the negotiating table translates into that peace is off the negotiating table.

  • Ryan Chilcote:

    Back in Davos, Mr. Trump told CNBC in an interview that he would consider reentering the Trans-Pacific Partnership trade deal he withdrew from last year, with a condition.

  • President Donald Trump:

    If we did a substantially better deal, I would be open to TPP.

  • Ryan Chilcote:

    And he said he was in favor of a strong U.S. dollar. That seemed to contradict a statement from his treasury secretary yesterday who said a weaker dollar would benefit U.S. trade.

    Later, at a cocktail reception, Mr. Trump pushed his economic agenda.

  • President Donald Trump:

    We want great prosperity and we want great peace. And I think that really is the message. It' been going really well.

  • Ryan Chilcote:

    Tomorrow, the president's set to address the forum, showcasing the U.S. economy, and stressing the need for fair trade.

    For the PBS NewsHour, I'm Ryan Chilcote in Davos.

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