is expected to deliver an "American First" message when he speaks at the

President Donald Trump is expected to deliver an "America First" message when he speaks at the World Economic Forum (WEF) on Friday. Trump has been meeting business executives and other world leaders during his two-day stay in the Swiss Alps. His presence at the Forum will culminate with the speech on Friday afternoon, when he is expected to defend his trade policy. According to Reuters, who cited a senior U.S. administration official, Trump will tell the Davos audience that his administration will not tolerate intellectual property theft and trade abuses. "The United States is also committed to enforcing trade law and trade agreements and international trade standards," the official told reporters at the Swiss ski resort. "The United States will no longer tolerate things like the theft of intellectual property or forced technology transfers or industrial subsidies ... and dumping, trade abuses."



Ahead of Friday's keynote speech, Trump told CNBC that the dollar will strengthen over time under his leadership and that recent remarks made by Treasury Secretary Steven Mnuchin about the greenback were misinterpreted. In other remarks, he also said that he would reconsider the massive Trans-Pacific Partnership trade deal if the United States could strike a "substantially better" agreement.

World leaders rally against 'protectionism'

Even before Trump arrived in Switzerland on Thursday, world leaders were busy making it clear that they disagree with the anti-free trade rhetoric coming out of the United States. Without always naming the United States, the heads of state of Brazil, India, Canada and Italy all said they disagree with what they believe is an anti-free trade stance from the world's biggest economy. "We know all too well that we live in a world where isolation trends are gaining ground, however, we all know that protectionism is not a solution," Michel Temer, the Brazilian president, told an audience in Davos, Switzerland on Wednesday. Speaking at Davos on Tuesday, Canadian Prime Minister Justin Trudeau said: "We are working very hard to make sure our neighbor to the south recognizes how good NAFTA (the North Atlantic Free Trade Agreement) is and that it has benefited not just our economy but his economy and the world's economy."

What can we expect from the speech?