As US President Donald Trump reshapes the world to his liking through invasions, tariffs, and political coercion, world leaders, top executives, and civil society figures have converged in Davos, Switzerland, for the World Economic Forum that begins today.
As US President Donald Trump has sought to reshape the world to his liking through invasions, tariffs, and political coercion, world leaders, top executives, and civil society figures have converged in Davos, Switzerland, for the World Economic Forum (WEF) that begins on Monday.
All eyes will be on Trump, who will address the WEF on Thursday. Last year, he had set the tone for his term with his speech that berated Europe and Nato and praised Russian leader Vladimir Putin and Chinese leader Xi Jinping.
In its report ahead of the summit, Eurasia Group dubbed the United States as “the principal source of global risk in 2026”.
For Europe and its security architecture that rests on Nato, the threats are indeed existential. With his moves on Denmark’s Greenland island, which he escalated with the announcement of a tariff on countries opposition his intent to occupy the island, Trump has risked killing the alliance.
Since Trump’s first term, the United States has been increasingly unwilling to “continue to lead on the values and on the policies that it had in the postwar order” that includes acting as “the global policeman” or “the principal architect of free trade” or “the promoter of rule of law or democracy, even though it did those things sometimes hypocritically and not always well”, Eurasia Group President Ian Bremmer told The New York Times.
Bremmer further that “no other country or group of countries would be able and willing to replace the United States for a period of time”.
And that means as the United States has retreated from the world order that it had shaped for decades, there stands no one to uphold it. And that gives Trump and his newfound partners in Beijing and Moscow to reshape the new world order to their will. WEF is set to hold talks on the transition.
US and European analysts and former policymakers told The Times that the topics are likely to include Russia’s war with Ukraine, prospects for global trade and markets, the probability of China invading Taiwan, and the risks of a West Asia flare-up caused by recent protests in Iran.
Trump is returning to WEF more powerful than ever. At home, his far-right agenda is being implemented incessantly. Abroad, he has just ousted a leader he did not like and is on its way to annex a people’s island. In the domain of foreign policy, he has shaken hands with Putin and Xi after condemning Nato. As the rules-based world order stands battered as a result of Trump’s actions, it remains to be seen how world leaders and analysts discuss it at the WEF.
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