Trump will boost growth, says aide

US president-elect Donald Trump’s administration will push through infrastructure spending, a tax overhaul, and cuts in regulation to spread economic growth beyond a concentrated faction of “global elites”, said one of his economic policy advisers.

Skybridge Capital founder Anthony Scaramucci told a panel at the World Economic Forum in Davos that 97% of the world had not benefited from the global financial recovery and recalled the “desperation” felt by many who attended Trump rallies during the campaign.

After Chinese president Xi Jinping warned the meeting “no one is a winner in a trade war”, Mr Scaramucci said the new administration only wants “free and fair trade”.