Trump is set to give his speech at 1300 GMT. AP PTI file
President Trump's swipe at the "fake" news media Friday at the World Economic Forum prompted some hissing and booing from the audience.
Kudlow also liked Trump's customized rephrasing of his campaign motto: "America First, but Not Alone".
Speaking in one of the gatherings on Friday, US president described press as being 'nasty, mean and fake'.
Elsewhere during the Q&A, Trump said he had had an enjoyable dinner with a group of European business leaders. "America is open for business and we are competitive once again".
Trump is expected to speak on a myriad of topics, including the Israeli-Palestinian peace process.
Trump, who was the first incumbent US president to attend the Davos WEF forum since Bill Clinton in 2000, also took the time to show off the achievements of the USA economy since his administration came into power one year ago.
The plan includes $25 billion in border security, limits chain migration and ends the visa lottery system in exchange for a path to citizenship for the 1.8 million young immigrants brought to the US illegally by the parents.
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The President further said that Rwanda has "tremendously" benefited from the support of the United States in many areas. President Kagame also said he and Trump had "good discussions" on economic, trade and investment issues.
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He said the United States would support free trade, but it would not tolerate some countries that exploit the system at the expense of others.
The President then moved on to underscore the need for "reciprocal" trade and talked of the need for "mutually beneficial" bilateral trade.
The free-trade-focused gathering had viewed Trump with skepticism, given his "America First" message, but the White House has insisted that his protectionist policies and global cooperation can go hand-in-hand. He argued that the new US tax cuts will create a bubble in the housing market.
Ahead of the address, the conference buzzed with speculation of how the president, elected to office on an "America First" platform, would play on a stage built to toast global integration. The New York Times, followed by other news outlets, reported that Trump ordered the firing of special counsel Robert Mueller in June, but that White House special counsel Don McGahn threatened to resign rather than carry it out.
During a question and answer session following his speech, Trump said tax reform was "a dream of a lot of people over many years but they weren't able to get it done".
In an interview Mr Trump told ITV's Piers Morgan: "If you are telling me they're horrible people, horrible, racist people, I would certainly apologise if you'd like me to do that".
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