Trump to take virtual centre stage in Davos
US President Donald Trump will address global business and political leaders at the World Economic Forum in Davos by video link. The address is expected
US President Donald Trump will address global business and political leaders at the World Economic Forum in Davos by video link.
The address is expected to be his first major foreign policy speech since his inauguration on Monday.
Last night, President Trump told Russian President Vladimir Putin via social media that he should negotiate over Ukraine immediately, or face what he called taxation, tariffs and sanctions.
The annual gathering at Davos has been consumed by Mr Trump’s return, with chief executives and political leaders all theorising what it might mean for the global economy, not to mention the conflict in the Middle East and Ukraine.
This afternoon they will hear directly from the new President.
Mr Trump has already upended much of his predecessor’s domestic agenda.
Thus far he has announced some jaw-dropping ideas on the foreign policy front, such as potentially seizing Greenland and the Panama Canal by force.
He has pulled the US out of the Paris Climate accords and the World Health Organization.
What he says about the Israeli-Palestinian conflict will be keenly watched. UN Secretary General Antonio Guterres has already praised his “robust diplomacy” in helping unblock the Gaza ceasefire negotiations.
Mr Trump has boasted he could end the Ukraine war in a day, his advisors are now suggesting six months.
On his Truth Social platform he told Mr Putin he should negotiate now or Russia and other unnamed participants would face tariffs and sanctions.
Given that Russia exports little to the US and is already subject to sweeping sanctions, experts are still trying to figure out what that means.
His trade partners had a chance to react in Davos earlier this week.
Without invoking Mr Trump’s name, Chinese Vice Premier Ding Xuexiang warned that “there are no winners in a trade war”.
German Chancellor Olaf Scholz vowed to defend free trade but he took a conciliatory tone, saying that he had good earlier discussions with Trump.
European Union chief Ursula von der Leyen said that Brussels was ready to negotiate with Mr Trump, but she also underscored the bloc’s diverging policy with him on climate, saying it would stick by the Paris accord.
Panama’s President Jose Raul Mulino dismissed Mr Trump’s claims to the Panama Canal, which was built by the US but handed to the central American country in 1999 under two-decade old treaties.
Mr Mulino said he was “not worried” and that Panama would not be “distracted by this type of statement”.
The Republican president also has fans in Davos.
One of his biggest cheerleaders on the world stage, Argentina’s libertarian President Javier Milei, will make a speech to the WEF on Thursday, hours before Trump.
“The world should celebrate the arrival of President Trump,” Mr Milei said at a Bloomberg event yesterday.
“The golden era he proposes for the US will shine a light for the whole world as it will spell the end of the woke ideology, which is doing so much harm to the planet,” Mr Milei said.
One of his backers in the business world, Marc Benioff, the chief executive of US tech firm Salesfoce, was also enthusiastic at the same Bloomberg chat.
“I’m very positive,” he said. “I’m just looking forward to seeing what’s going to happen. And it’s a new day and, it’s an exciting moment.”
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