“Fair, Not Free Trade”: Insights from UAE Business Leader on Trump’s Tax Policy
Sultan Ahmed bin Sulayem, the group chairman and CEO of DP World, recently discussed U.S. trade policies during a panel at the World Economic Forum 2025 in Davos, Switzerland.
He emphasized that President Donald Trump favors “fair trade” over “free trade,” highlighting an open economy approach.
Bin Sulayem noted that Trump’s intention is to ensure a fair playing field for American businesses. He stated, “While people often criticize Trump for imposing taxes and increasing duties, his goal is to promote fair trade. The U.S. market is open, and he seeks to engage with countries willing to do the same.”
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He pointed out that Trump has expressed satisfaction with India’s economic progress and its market dynamics.
The discussion included the potential for growing trade relations between the UAE and the U.S., especially under the current administration.
Thani Al Zeyoudi, the UAE’s Minister of State for Foreign Trade, echoed these sentiments, expressing optimism about the growth in foreign trade.He remarked, “As a businessman, Trump aims to secure beneficial deals throughout the year.”
DP World, a leading global port operator, employs over 103,000 individuals from diverse backgrounds across 75 countries.
Bin Sulayem praised India’s economic landscape but noted that many Indian companies focus more on the local market due to strong domestic demand, which limits their interest in exports.
He explained, “Indian manufacturers are thriving in a large local market, which can detract from their export ambitions.
However, there are positive changes, with some companies utilizing DP World’s facilities to scale their operations.”
Bin Sulayem also highlighted India’s potential for growth, comparing it to China. “China trades around 100 million containers annually, while India’s trade is about 15 million. This indicates a significant opportunity for expansion in India,” he said.
He emphasized the importance of connecting India with other markets, including Africa and Europe, and mentioned the success of the Comprehensive Economic Partnership Agreement (CEPA) with India, which has significantly boosted trade between the two nations.
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