Last year President Xi Jinping became the first Chinese leader to address the conference, arguing for the protection of free trade at a time when the Trump administration was pledging to erect more trade barriers.
"The president welcomes opportunities to advance his America First agenda with world leaders", spokeswoman Sarah Sanders said in an email to dpa.
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She said Trump wants to promote his policies for strengthening American businesses, industries and workers.
Sanders said that Trump would defend his agenda while participating in the forum of global elites. He withdrew the USA from the Trans-Pacific Partnership, a trade agreement between Pacific Rim countries, and pulled out of the Paris climate accord, a commitment to reduce carbon emissions.
USA presidents tend to avoid the elite gathering rather than be seen as too close to the ultra-rich clientele the gathering attracts.
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The last president to go was Bill Clinton, who attended in 2000. Then-Vice President Joe Biden attended past year. The theme for this year's conference is "Creating a Shared Future in a Fractured World".
At the same time, the bankers and company bosses present in Switzerland will likely welcome the corporate tax cut Trump recently delivered as well as the surging stock market he likes to take credit for.
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