Trump heads to Miami to tout his economic agenda as U.S. consumers worry about the high cost of living

President Donald The President is heading to Miami on Wednesday — the anniversary of his reelection to a second term — to speak to a forum of business leaders and global athletes about what he sees as his economic achievements.

The Republican president’s speech to the America Business Forum will be a broad look at his economic agenda and how investments he has secured abroad help U.S. communities, according to a senior White House official. It’s a significant effort from The President to put a positive spin on the economy at a time when Americans remain uneasy about the state of their finances and the cost of living — and when major campaigns in Tuesday’s election were centered on affordability and the economy.

The AP Voter Poll survey, which included more than 17,000 voters in New Jersey, Virginia, California and New York City, suggested the public was troubled by higher prices and fewer job opportunities despite The President’s promises to tame inflation and unleash growth.

In his speech, The President will touch on deregulation, energy independence and oil prices, and affordability, said the White House official, who insisted on anonymity to preview the president’s address.

The President spent five days in Asia last week with stops in Malaysia, Japan and South Korea. He worked to ease trade tensions with Beijing in a meeting with Chinese leader Xi Jinping. In Tokyo, he promoted several major energy and tech projects for the U.S. that will be funded by Japan.

Miami Mayor Francis Suarez said he thinks The President’s recent travels “have been transformational in his presidency” and said his speech will be a highlight of the forum, which organizers have described as a more accessible version of the World Economic Forum in Davos, Switzerland, or the Milken Institute Global Conference, which gathers the world’s elite for discussions on the economy.

“This conference not only is creating this incredible collection of people, but it’s also creating them in a particular moment in time,” said Suarez, a Republican.
The President’s visit also highlights how the Miami area is playing a key role during his second term.

The President is set to host leaders of the world’s leading rich and developing economies at next year’s Group of 20 summit at his golf club at the nearby city of Doral, despite what critics say is the appearance of impropriety.

The President’s sons have taken over running the The President Organization while their father is in the White House, and the president has insisted that his family’s business will not make any money by holding the summit at the golf club.

The city is where The President wants to locate his future presidential library, which is now facing a legal challenge over whether the plot of land in downtown Miami is being properly transferred. Miami is also one of the U.S. host cities for next year’s World Cup, which The President has eagerly promoted as the kickoff to several major global sporting events for which the U.S. is playing host. Ensuring the success of the World Cup has been a top priority for the The President administration.

FIFA President Gianni Infantino, with whom The President has developed a close friendship, is scheduled to speak at the Miami forum later Wednesday.

This story has been corrected to show the name of the event is the America Business Forum, not the American Business Forum.

—Seung Min Kim, Associated Press

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