At the 2026 World Economic Forum’s Annual Meeting of the New Champions—widely known as "Summer Davos"—in Dalian, China, the discourse around artificial intelligence shifted from speculative fear to the practical realities of workforce integration. With nearly 40% of jobs currently facing AI-driven transformation, leaders emphasized that the primary challenge is no longer the technology itself, but the "human systems" required to support it.

Debate Continues Over AI's Impact on Human Jobs | Summer Davos

At Davos 2026, WION speaks with the Executive Director of INOXGFL Group on global business trends, industry challenges, and opportunities shaping markets as world leaders and executives gather at the World Economic Forum.


Davos 2026: INOXGFL Group Executive Director, Devansh Jain in Conversation with WION 

US President Donald Trump led the signing of the Board of Peace charter at the World Economic Forum, calling it a moment “long in the making.” Trump also addressed ongoing tensions in Gaza, noting there are “little fires to put out,” as he emphasised global cooperation and conflict resolution.


Davos 2026: Trump Launches ‘Board of Peace’ With Signing Ceremony in World Economic Forum

At Davos 2026, President Donald Trump praised Prime Minister Narendra Modi as a "fantastic man" and close personal friend while expressing optimism about bilateral ties. Addressing Indian media, Trump confirmed "we will have a great deal with India" signaling strengthened economic and strategic partnership between the two nations amid global trade negotiations at the World Economic Forum.​​

Trump Calls Modi 'Fantastic Friend'

President Donald Trump is in Davos, Switzerland for the 2026 World Economic Forum — leading the largest-ever U.S. delegation and grabbing global attention. But the big question is: Will he really dominate the agenda?

Davos 2026: Trump Calls US 'The Most Successful Country' In The World

Davos 2026: Trump To Discuss US Economic Successes at Davos

Trump in Davos Amid Greenland Standoff; EU Chief Says Fully Prepared To Act

WION brings you exclusive coverage from Davos 2026, the World Economic Forum. Stay updated on global economic trends, political discussions, climate initiatives, and interviews with world leaders and business figures.


Davos 2026: WION Reports from World Economic Forum in Davos

China’s Vice Premier He Lifeng warned on Tuesday (January 20) that the global order must not slide back into a “law of the jungle,” where powerful countries dominate weaker ones. Speaking at the World Economic Forum in Davos, He criticised the idea that a small number of countries should act on narrow self-interest or claim special privileges. His statement came amid heightened tensions as US President Donald Trump intensifies his “America First” stance, including renewed pressure on NATO ally Denmark to hand over Greenland. He stressed that every nation has the right to safeguard its legitimate interests.&nbsp;Also Read: <a href="https://www.wionews.com/world/stramer-gives-green-signal-for-largest-chinese-embassy-in-london-despite-security-risk-details-here-1768908952180">Starmer gives green signal for largest Chinese embassy in London despite security risk. Details here</a>&nbsp;In an oblique criticism of US President Donald Trump’s unpredictable trade stance, he condemned the “unilateral” measures and trade deals pursued by “certain countries,” arguing that they breach World Trade Organization rules.Beijing and Washington were embroiled in an intense trade dispute last year, with both sides imposing retaliatory tariffs on each other’s goods. He warned that the multilateral trading system is under unprecedented strain, saying it faces serious and growing challenges. He added that countries must stand firm in defending multilateralism and work toward a fairer and more balanced global economic and trading order.<h2>EU warns of firm response to Trump’s Greenland push</h2>European Commission President Ursula von der Leyen pledged a firm response on Tuesday to Donald Trump’s threats concerning Greenland, as the US president indicated he was open to discussions on the Arctic territory at the Davos forum. Speaking at the World Economic Forum in the Swiss resort, von der Leyen cautioned that Trump’s stance could push relations between the United States and the European Union into a damaging decline over the self-governing Danish island.&nbsp;She told global political and business leaders that proposed new tariffs were misguided, particularly between partners with a long history of cooperation. Von der Leyen warned that escalating tensions would only benefit shared rivals, adding that the EU’s reaction would be resolute, unified, and proportionate.

At Davos, China’s He Lifeng warns against ‘law of the jungle’ amid US Greenland push

China’s Vice Premier He Lifeng warned on Tuesday (January 20) that the global order must not slide back into a “law of the jungle,” where powerful countries dominate weaker ones. Speaking at the World Economic Forum in Davos, He criticised the idea that a small number of countries should act on narrow self-interest or claim special privileges. His statement came amid heightened tensions as US President Donald Trump intensifies his “America First” stance, including renewed pressure on NATO ally Denmark to hand over Greenland. He stressed that every nation has the right to safeguard its legitimate interests. Also Read: Starmer gives green signal for largest Chinese embassy in London despite security risk. Details here In an oblique criticism of US President Donald Trump’s unpredictable trade stance, he condemned the “unilateral” measures and trade deals pursued by “certain countries,” arguing that they breach World Trade Organization rules. Beijing and Washington were embroiled in an intense trade dispute last year, with both sides imposing retaliatory tariffs on each other’s goods. He warned that the multilateral trading system is under unprecedented strain, saying it faces serious and growing challenges. He added that countries must stand firm in defending multilateralism and work toward a fairer and more balanced global economic and trading order. EU warns of firm response to Trump’s Greenland push European Commission President Ursula von der Leyen pledged a firm response on Tuesday to Donald Trump’s threats concerning Greenland, as the US president indicated he was open to discussions on the Arctic territory at the Davos forum. Speaking at the World Economic Forum in the Swiss resort, von der Leyen cautioned that Trump’s stance could push relations between the United States and the European Union into a damaging decline over the self-governing Danish island. She told global political and business leaders that proposed new tariffs were misguided, particularly between partners with a long history of cooperation. Von der Leyen warned that escalating tensions would only benefit shared rivals, adding that the EU’s reaction would be resolute, unified, and proportionate.

At Davos, China’s He Lifeng warns against a return to ‘law of the jungle’ politics as United States pressure mounts on Denmark over Greenland

US President Donald Trump is planning on staging a high-profile signing "ceremony" for his controversial Gaza 'Board of Peace' at the World Economic Forum in Davos. The ceremony will pay homage to Trump's 'peace' efforts comes with a whopping $1 billion "contribution" for nations looking to be a par of the peacekeeping efforts. Trump administration's invites to world leaders as per reports has left diplomats and organisers scrambling behind the scenes.Also read | <a href="https://www.wionews.com/world/trump-links-nobel-snub-to-greenland-push-says-no-longer-bound-to-think-peace-1768871744420">US Treasury Chief says it would be ‘very unwise’ for Europe to escalate after Trump's 'no Nobel, no peace' remark</a><h2>Confusion reigns behind the scenes</h2>According to a Bloomberg report, confusion has spread among officials as Trump presses for a last-minute event to showcase his newly announced "Board of Peace," a body the White House unveiled only days ago. Trump wants the board formally launched on the sidelines of the world's most prestigious economic gathering, thrusting it into the spotlight as global leaders arrive in Switzerland.The WEF forum schedule published online lists a “Special Address by Donald J. Trump, President of the United States of America” for January 21, 2026 (14:30–15:15 CET) but has no mention of a charter signing on Jan 22.

<blockquote class="twitter-tweet">🚨Trump&#39;s Board of Peace charter signing ceremony: Thursday 10:30am in Davos <a href="https://t.co/vm0yT88Qam">pic.twitter.com/vm0yT88Qam</a>&mdash; Maga New York (@Maganewy) <a href="https://twitter.com/Maganewy/status/2013333592718405660?ref_src=twsrc%5Etfw">January 19, 2026</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

The Board of Peace has been presented as a mechanism to guide Gaza's post-war reconstruction and was endorsed by the UN Security Council last November. Yet its charter makes no explicit reference to Gaza. As more details emerge, attention has shifted to the board's reported $1 billion buy-in fee and what that money would actually fund.<h2>Peacekeeping grift?</h2>Over the weekend, Trump's administration sent a wave of invitations to world leaders including India, to join what was described as a "one of a kind" board. Other leaders that made the list of invitees were Russian President Vladimir Putin and Belarusian leader Alexander Lukashenko, both long isolated from Western forums.While Moscow and Minsk appeared receptive, many European officials were stunned by the steep price tag of the "buy-in" and the lack of clarity around how funds would be managed.Also read | <a href="https://www.wionews.com/world/norway-pm-confirms-trump-sent-chilling-text-linking-nobel-snub-to-greenland-control-says-told-potus-not-our-fault-1768873546072">Norway PM confirms Trump sent ‘chilling’ text linking Nobel snub to Greenland</a><h2>Davos braces for disruption</h2>In Davos, thousands of delegates are gathering for the four-day forum, to discuss "improving the state of the world." In the middle of world's foremost economic meeting, Trump's apparent scheming to inject his trademark defunction and self-promotion has triggered panic.Bloomberg reports that European governments are now scrambling to revisit the board's terms. A central concern is where the permanent membership fee would go, and what safeguards would ensure the money is used for rebuilding Gaza, an unnamed US official told Associated Press.Trump's decision to chair the board has only deepened unease. European officials are reportedly worried that this leaves decision-making power in the hands of a leader who is not only openly threatening to seize Greenland, but has now confessed that he no longer feels obliged to think "purely of peace" after a Nobel Peace Prize snub.<a href="https://www.wionews.com/videos/israel-gaza-war-trump-s-gaza-board-of-peace-faces-hesitation-from-key-allies-1768879281368/embed">https://www.wionews.com/videos/israel-gaza-war-trump-s-gaza-board-of-peace-faces-hesitation-from-key-allies-1768879281368/embed</a>&nbsp;

US President Donald Trump, as per reports, is planning a high-profile signing ceremony for his controversial Gaza “Board of Peace” at the World Economic Forum in Davos, complete with a reported $1 billion buy-in for participating countries. All details here.

US President Donald Trump is planning on staging a high-profile signing "ceremony" for his controversial Gaza 'Board of Peace' at the World Economic Forum in Davos. The ceremony will pay homage to Trump's 'peace' efforts comes with a whopping $1 billion "contribution" for nations looking to be a par of the peacekeeping efforts. Trump administration's invites to world leaders as per reports has left diplomats and organisers scrambling behind the scenes. Also read | US Treasury Chief says it would be ‘very unwise’ for Europe to escalate after Trump's 'no Nobel, no peace' remark Confusion reigns behind the scenes According to a Bloomberg report, confusion has spread among officials as Trump presses for a last-minute event to showcase his newly announced "Board of Peace," a body the White House unveiled only days ago. Trump wants the board formally launched on the sidelines of the world's most prestigious economic gathering, thrusting it into the spotlight as global leaders arrive in Switzerland. The WEF forum schedule published online lists a “Special Address by Donald J. Trump, President of the United States of America” for January 21, 2026 (14:30–15:15 CET) but has no mention of a charter signing on Jan 22.

US President Donald Trump, as per reports, is planning a high-profile signing ceremony for his controversial Gaza “Board of Peace” at the World Economic Forum in Davos, complete with a reported $1 billion buy-in for participating countries. All details here.

$1 billion for ‘peace’? Confusion and panic as Trump forces Gaza ‘Peace Board’ event on Davos 2026

A five-member delegation of the Government of Kerala is taking part in the World Economic Forum (WEF) 2026 being held in Davos, Switzerland, marking the State’s second participation in the prestigious global economic gathering. The delegation is led by P. Rajeeve, Minister for Law, Industries and Coir, Government of Kerala. The participation reflects the State Government’s continued efforts to engage with international economic platforms and strengthen global cooperation to attract investments.&nbsp;Also Read: <a href="https://www.wionews.com/business-economy/davos-2026-the-real-kerala-story-how-the-south-indian-state-enjoys-top-quality-of-life-hdi-ranking-and-internet-for-all-1768734073703">Davos 2026 | The real Kerala story: How the south Indian state enjoys top quality of life, HDI ranking and internet for all</a>&nbsp;During the visit, the Minister held a meeting with Małgorzata Mroczkowska-Horne, Director General of the Lewiatan Confederation, Poland. The discussions focused on exploring investment opportunities and avenues for industrial collaboration between Kerala and Polish enterprises.&nbsp;&nbsp;<a href="https://www.wionews.com/videos/davos-2026-kerala-at-global-stage-world-economic-forum-2026-1768804563450/embed">https://www.wionews.com/videos/davos-2026-kerala-at-global-stage-world-economic-forum-2026-1768804563450/embed</a>&nbsp;&nbsp;The Kerala delegation is also holding a series of meetings with key investors and representatives of major national and international companies. These interactions aim to attract investments across multiple sectors and enhance capital inflows into the State.&nbsp;According to officials, discussions with founders and senior management of Indian and global firms have been constructive and fruitful, with a strong focus on potential partnerships and long-term investment prospects in Kerala. The State hopes its presence at WEF 2026 will further position Kerala as an attractive destination for global investors.&nbsp;Also Read: <a href="https://www.wionews.com/videos/davos-2026-how-kerala-is-leading-india-s-agri-food-transformation-1768811782437">Davos 2026: How Kerala Is Leading India's Agri-Food Transformation</a><h2>World Economic Forum (WEF) in Davos</h2>The World Economic Forum (WEF) Annual Meeting, commonly known as Davos, is an invitation-only gathering in the Swiss Alps where the world’s most powerful leaders from politics, business, and civil society meet to set the global agenda. The World Economic Forum is an independent, non-profit organization based in Geneva, Switzerland. Its stated goal is "improving the state of the world" through public-private cooperation, engaging leaders to shape global, regional, and industry agendas.

A five-member Kerala government delegation led by Industries Minister P Rajeeve is participating in WEF 2026 at Davos. Holding meetings with global investors and industry leaders, the State aims to boost investments, partnerships, and position Kerala as a global investment destination.

A five-member delegation of the Government of Kerala is taking part in the World Economic Forum (WEF) 2026 being held in Davos, Switzerland, marking the State’s second participation in the prestigious global economic gathering. The delegation is led by P. Rajeeve, Minister for Law, Industries and Coir, Government of Kerala. The participation reflects the State Government’s continued efforts to engage with international economic platforms and strengthen global cooperation to attract investments. Also Read: Davos 2026 | The real Kerala story: How the south Indian state enjoys top quality of life, HDI ranking and internet for all During the visit, the Minister held a meeting with Małgorzata Mroczkowska-Horne, Director General of the Lewiatan Confederation, Poland. The discussions focused on exploring investment opportunities and avenues for industrial collaboration between Kerala and Polish enterprises. https://www.wionews.com/videos/davos-2026-kerala-at-global-stage-world-economic-forum-2026-1768804563450/embed The Kerala delegation is also holding a series of meetings with key investors and representatives of major national and international companies. These interactions aim to attract investments across multiple sectors and enhance capital inflows into the State. According to officials, discussions with founders and senior management of Indian and global firms have been constructive and fruitful, with a strong focus on potential partnerships and long-term investment prospects in Kerala. The State hopes its presence at WEF 2026 will further position Kerala as an attractive destination for global investors. Also Read: Davos 2026: How Kerala Is Leading India's Agri-Food Transformation World Economic Forum (WEF) in Davos The World Economic Forum (WEF) Annual Meeting, commonly known as Davos, is an invitation-only gathering in the Swiss Alps where the world’s most powerful leaders from politics, business, and civil society meet to set the global agenda. The World Economic Forum is an independent, non-profit organization based in Geneva, Switzerland. Its stated goal is "improving the state of the world" through public-private cooperation, engaging leaders to shape global, regional, and industry agendas.

A five-member Kerala government delegation led by Industries Minister P Rajeeve is participating in WEF 2026 at Davos. Holding meetings with global investors and industry leaders, the State aims to boost investments, partnerships, and position Kerala as a global investment destination.

Davos 2026: Kerala participates in World Economic Forum for second time, eyes investments

India is making a strong business pitch at the World Economic Forum in Davos, sending its largest ever delegation with central leaders and representatives from ten Indian states wooing global investors amid a shifting global economic landscape.

Davos 2026: India Set For A Power-Packed Representation at Davos

WEF 2026: India Sends Largest-Ever Delegation | Davos 2026

Kerala invites global investors to explore opportunities at the World Economic Forum 2026 in Davos, Switzerland.

Kerala believes in balancing nature, people and industry, becoming India's first state with a formal ESG policy.

Invest in Kerala, invest in the future.

Davos 2026: Kerala Leads With Technology at World Economic Forum

The world is entering what the world economic forum calls an ‘age of competition,’ where rising power rivalries, trade tensions, and strategic standoffs are reshaping global stability. In its global risks report 2026, the WEF warns that Geoeconomic confrontation has become the single biggest threat facing the world this year.


World Economic Forum's Global Risks Report 2026: Key Findings

The World Economic Forum (WEF) in Davos is often viewed as the ultimate symbol of out-of-touch elitism. While it claims to "improve the state of the world", critics argue it is merely a networking event for the ultra-wealthy, marred by accusations of climate hypocrisy and corporate lobbying.

Why Davos is considered one of the most controversial meetings of the global elite

As global elites gather for Davos 2026, the summit faces renewed scrutiny over its nightlife and workplace culture. Reports reveal a surge in high-end escorts charging premium rates. The WEF denies these claims, citing a zero-tolerance policy.

‘Prostitution and hush money’: What happens behind the closed doors of Davos World Economic Forum

As the World Economic Forum convenes in Davos from 19 to 23 January 2026, the summit faces a recurring controversy. Beyond the high-level debates, the Swiss resort town historically sees a surge in the sex trade.

‘Davos 2026’: How the biggest economic forum got plagued by prostitution rings

The World Economic Forum (WEF) Annual Meeting 2026, to be held in Davos from January 19 to 23, 2026, focuses on the "Intelligent Age" and its impact on the global workforce. Leaders are prioritising reskilling, "Agentic AI" adaptation, and the value of human-centric soft skills.

‘92 million jobs at risk’: How Davos 2026 plans to fix the global skills gap

The World Economic Forum Annual Meeting 2026 returns to Davos-Klosters, Switzerland, from 19 to 23 January. The summit brings together thousands of global leaders to address critical issues like AI governance, trade resilience, and geopolitical stability in a fractured world.

World Economic Forum 2026: What to expect, who’s coming and how to follow the summit

The head of the world economic forum is sounding alarms on what could be three major bubbles threatening the global economy. And markets are already paying attention.


World Economic Forum Warns of Looming Bubbles in Global Economy

US President Donald Trump delivered virtual remarks to the World Economic Forum meeting in Davos. During his address, Trump tells business leaders that he wants to reverse inflation, and cut taxes. Watch this report for more details!

Davos Summit 2025: Trump vows to reverse inflation, cut taxes

US President <a href="https://www.wionews.com/tags/donald-trump" rel="dofollow noopener" target="_blank">Donald Trump</a> on Thursday (Jan 23) took aim at the European Union for what he describes as a highly imbalanced trade relationship. Speaking virtually at Davos summit, Trump expressed his dissatisfaction with the current state of trade between the US and the EU.
<h2>Trump criticises EU trade policies at Davos</h2>
&ldquo;From the standpoint of America, the EU treats us very, very unfairly, very badly,&rdquo; Trump said during his address at the World Economic Forum.
Also read: <a href="https://www.wionews.com/world/us-president-donald-trump-us-china-collaboration-russia-ukraine-war-trump-davos-address-russia-ukraine-war-8648326" rel="dofollow noopener" target="_blank">'They have great deal of power...' President Trump envisions US-China collaboration to stop Russia-Ukraine&nbsp;War</a>
The 47th US president added, &ldquo;They make it very difficult to bring products into Europe, and yet they expect to be selling, and they do sell their products in the United States. So we have, you know, hundreds of billions of dollars of deficits with the EU, and nobody&rsquo;s happy with it. And we&rsquo;re going to do something about it.&rdquo;
&ldquo;They essentially don&rsquo;t take our farm products and they don&rsquo;t take our cars, yet they send cars to us by the millions. They put tariffs on things that we want to do ... We have some very big complaints with the EU,&rdquo; he added.
The EU had a trade surplus with the US in 2023, according to European Commission data.
Trump's comments came three days after he assumed office in his second term as president. Trade policies under Trump have been a central focus at Davos this year, especially his tariff threats targeting the EU, as well as other countries including China, Mexico, and Canada.
Earlier, on Monday, European Commission President Ursula von der Leyen said at Davos that the bloc is ready to work with Trump, noting that "no other economies in the world are as integrated as" the US and EU.&nbsp;
She also said recently that EU nations could potentially replace Russian liquified natural gas with American gas imports, something President Trump has repeatedly urged.
Also read: <a href="https://www.wionews.com/world/us-president-donald-trump-addresses-davos-summit-today-world-economic-forum-massive-tax-cuts-8648204" rel="dofollow noopener" target="_blank">'Nothing less than revolution,' US President Donald Trump addresses Davos summit, promises massive tax cuts</a>
In December, Trump had warned that unless the EU increased its purchases of American oil and gas, it would face &ldquo;tariffs all the way.&rdquo; On Thursday, he reiterated the same saying, &ldquo;They want to be able to compete better, and you can&rsquo;t compete when you can&rsquo;t go through the approval process faster. There&rsquo;s no reason why it can&rsquo;t go faster ... I&rsquo;m trying to be constructive, because I love <a href="https://www.wionews.com/tags/europe" rel="dofollow">Europe</a>.&rdquo;
<h2>&lsquo;Tariffs if products aren't made in US&rsquo;</h2>
Trump further told economic leaders that they will have to pay tariffs if their products aren't made in the US.
"If you don&rsquo;t make your product in America, which is your prerogative, then very simply, you will have to pay a tariff&mdash;differing amounts, but a tariff," he said.
"Under Trump administration, there will be no better place on earth to create jobs, build factories, or grow a company than right here in the good old USA."
Trump has said earlier that he might impose tariffs of 25% on products from Canada and Mexico and 10% on goods from China.
<h2>US trade deficit and surplus with the EU</h2>
The United States is the largest market for EU exports, with machinery and vehicles accounting for the biggest trade deficit. In 2023, this gap amounted to &euro;102 billion ($106 billion). On the other hand, the US has a surplus in energy trade with the EU, valued at &euro;70 billion, along with a substantial surplus in services.
<h2>&lsquo;NATO members should raise defence spending to 5% of GDP&rsquo;</h2>
Trump further said that he is going to ask NATO members to increase their defence spending. &ldquo;I&rsquo;m also going to ask all NATO nations to increase defence spending to 5% of gross domestic product, which is what it should have been years ago,&rdquo; Trump said, repeating his old remarks. Defence ministers of several major US allies in Europe recently said that a contribution of 5% of GDP per country is unrealistic. 
(With inputs from agencies)

World: “From the standpoint of America, the EU treats us very, very unfairly, very badly,” Trump said during his address at the World Economic Forum, Davos.

US President Donald Trump on Thursday (Jan 23) took aim at the European Union for what he describes as a highly imbalanced trade relationship. Speaking virtually at Davos summit, Trump expressed his dissatisfaction with the current state of trade between the US and the EU. Trump criticises EU trade policies at Davos “From the standpoint of America, the EU treats us very, very unfairly, very badly,” Trump said during his address at the World Economic Forum. Also read: 'They have great deal of power...' President Trump envisions US-China collaboration to stop Russia-Ukraine War The 47th US president added, “They make it very difficult to bring products into Europe, and yet they expect to be selling, and they do sell their products in the United States. So we have, you know, hundreds of billions of dollars of deficits with the EU, and nobody’s happy with it. And we’re going to do something about it.” “They essentially don’t take our farm products and they don’t take our cars, yet they send cars to us by the millions. They put tariffs on things that we want to do ... We have some very big complaints with the EU,” he added. The EU had a trade surplus with the US in 2023, according to European Commission data. Trump's comments came three days after he assumed office in his second term as president. Trade policies under Trump have been a central focus at Davos this year, especially his tariff threats targeting the EU, as well as other countries including China, Mexico, and Canada. Earlier, on Monday, European Commission President Ursula von der Leyen said at Davos that the bloc is ready to work with Trump, noting that "no other economies in the world are as integrated as" the US and EU. She also said recently that EU nations could potentially replace Russian liquified natural gas with American gas imports, something President Trump has repeatedly urged. Also read: 'Nothing less than revolution,' US President Donald Trump addresses Davos summit, promises massive tax cuts In December, Trump had warned that unless the EU increased its purchases of American oil and gas, it would face “tariffs all the way.” On Thursday, he reiterated the same saying, “They want to be able to compete better, and you can’t compete when you can’t go through the approval process faster. There’s no reason why it can’t go faster ... I’m trying to be constructive, because I love Europe.” ‘Tariffs if products aren't made in US’ Trump further told economic leaders that they will have to pay tariffs if their products aren't made in the US. "If you don’t make your product in America, which is your prerogative, then very simply, you will have to pay a tariff—differing amounts, but a tariff," he said. "Under Trump administration, there will be no better place on earth to create jobs, build factories, or grow a company than right here in the good old USA." Trump has said earlier that he might impose tariffs of 25% on products from Canada and Mexico and 10% on goods from China. US trade deficit and surplus with the EU The United States is the largest market for EU exports, with machinery and vehicles accounting for the biggest trade deficit. In 2023, this gap amounted to €102 billion ($106 billion). On the other hand, the US has a surplus in energy trade with the EU, valued at €70 billion, along with a substantial surplus in services. ‘NATO members should raise defence spending to 5% of GDP’ Trump further said that he is going to ask NATO members to increase their defence spending. “I’m also going to ask all NATO nations to increase defence spending to 5% of gross domestic product, which is what it should have been years ago,” Trump said, repeating his old remarks. Defence ministers of several major US allies in Europe recently said that a contribution of 5% of GDP per country is unrealistic. (With inputs from agencies)

Trump slams ‘unfair’ EU trade policies, vows US will ‘do something about it’

US President Donald Trump delivered virtual remarks to the World Economic Forum meeting in Davos. During his address, Trump tells business leaders that he wants to reverse inflation, and cut taxes. Watch in!

US President Donald Trump speaks at World Economic Forum

world-economic-forum

World Economic Forum, News on World Economic Forum, stories on World Economic Forum, articles on World Economic Forum, World Economic Forum stories at Wion, World Economic Forum news, World Economic Forum latest news

world economic-forum