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As world leaders gather in Davos this week, there is no doubt that the overpowering presence of US President Donald Trump has preceded his actual arrival.

Trump's reiteration of what's known as the "special relationship" between the USA and Britain may help May thaw her frosty relationship with the president.

South Korea says it will refer a dispute with the USA administration of President Donald Trump over tariffs on solar panels and washing machines to the World Trade Organization.

Goldman Sachs CEO Lloyd Blankfein said he has "really liked" what President Donald Trump has done with the economy.

Trump is set to speak Friday at the World Economic Forum, an annual gathering of the global pro-trade elite at the Swiss ski resort, in a move that has raised eyebrows because of his protectionist "America First" policies.

"We're on the same wavelength in, I think, in every respect", Trump said.

"What I did with Jerusalem was my honor", Trump said.

Analysts expect the president's speech to take on an "American First" message and reference his achievements after one year in office, CNBC reports.

Trump's visit to the Davos event is the first by a US President since Bill Clinton visited in 2000.

Donaldson delights in Dubai as McIlroy maintains fine form
I feel like I started off past year a little bit sort of 71, 70 instead of getting right into the thick of things from the start.

Trump's administration has maintained that his goals in Davos are consistent with his policies, and that attending the event simply gives him the opportunity to broadcast his policy views on a prominent world stage and to encourage leaders in governments and companies overseas to invest in the United States.

"He's got to deliver a speech that absolutely supports what he's done, but hopefully pulls those nerves down a little bit so there is no reaction, and we don't see any sort of economic repercussions", said Schlesinger.

"Let me tell you, trading is soft".

"In fact. stronger because we both face the same challenges across the world, and as you say, we're working together to meet those challenges", she said.

He is also renegotiating a South Korea trade deal after originally wanting to withdraw from it. Trump has also not imposed his proposed 45% tariff on Chinese imports nor his 20% tariff on Mexican imports, until now at least.

Tensions bubbled over in November when Trump retweeted anti-Muslim videos from a United Kingdom far-right group.

May was the first foreign leader to visit the Trump White House after Trump was inaugurated.

Answering a question from the press, President Trump confirmed he and Prime Minister May would be talking about a forthcoming state visit in due course.

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