But discerning the future direction of American economic policy, and particularly American trade policy, was hard to do from Friday’s speech, as Mr. Trump instead appeared to be providing a broad vision of leadership. “I think I’ve been a cheerleader for our country,” he said. —KEITH BRADSHER

• For more on the intersection of business and policy at Davos, check out the DealBook Briefing.

Quotable

“This was Donald Trump’s Sinatra global leadership moment. He was able to say, ‘I came to Davos, and I did it my way.’ ” — Carlos Pascual, a former United States ambassador to Mexico and Ukraine who is now a senior vice president at IHS Markit. “It was impossible to guess what direction he will take.” — Brian Mikkelsen, Denmark’s minister of industry, business and financial affairs, on what trade policy Mr. Trump would pursue in the coming months.

Now, about that Apple cash.

During his speech, President Trump zeroed in on a recent announcement by Apple that it would bring the bulk of its foreign earnings back to the United States under a lower tax rate passed as part of the recent tax reform. Apple had said it estimated it would have a $350 billion impact on the American economy over the next five years.

How much of that goes beyond what Apple would have spent anyway?

The technology company’s current pace of spending in the United States is $55 billion for 2018, so it was already on track to spend $275 billion over the next five years. After a $38 billion tax payment for repatriating money is subtracted, that leaves its new investment at roughly $37 billion over the next five years.

How much of that, if any, would go toward manufacturing was unclear. Apple has said it plans to open a new domestic campus that, at least initially, will house technical support for customers. More than $10 billion of planned capital expenditures will go toward American data centers. More than 20,000 new jobs will be spread across facilities old and new. —TIFFANY HSU

Did the president consider firing Mueller? ‘Fake news,’ he says.

Upon arrival at the Congress Center in Davos, President Trump was greeted by a scrum of the forum’s participants snapping cellphone photos and a large group of reporters asking why he had ordered the firing last June of Robert S. Mueller III, the special counsel, as The New York Times reported.

“Fake news, folks,” Mr. Trump replied. “Fake news. A typical New York Times fake story.” —ELISABETH BUMILLER

In Davos, politics at home is still at issue.

While he is meeting with world leaders, President Trump is still partly focused on negotiations back home over immigration, asserting in an interview that he thought he could win over hard-liners in his party to a compromise deal.