American leader touts 'very good' relationship with Xi Jinping amid 'massive' trade deficits with Beijing In his first speech at the World Economic Forum of his second term, US President Donald Trump voiced optimism about Sino-American relations while warning of tariffs on companies that do not manufacture stateside.

President Trump on Thursday threatened world leaders with tariffs at the World Economic Forum in Davos, Switzerland, if they don't make their products in the U.S. David Wessel, senior fellow in economic studies at the Brookings Institution,