US President Donald Trump is preparing to travel to Switzerland next week to participate in the annual meeting of the World Economic Forum in the Alpine resort of Davos, a move with profound political and economic implications, especially with the organizers announcing that his accompanying delegation will be the largest in the history of US participation in the forum.
Trump's return to the global stage
At a press conference, the forum's president, Børge Brende, welcomed President Trump, noting the significance of this visit, which follows his participation via video conference in the 2025 edition, immediately after his inauguration for his second term. This in-person participation marks his first appearance since 2020 during his first term, reflecting the current US administration's desire to reshape its direct economic relationships with global elites.
Geopolitical and economic context
This year's forum, held under the theme "Spirit of Dialogue," is of exceptional importance given the current state of the global economy. It comes at a time of major shifts in supply chains, escalating trade tensions, and fears of recession in some regions. Trump is expected to present his economic vision, which is based on protecting American interests, and business leaders are eagerly awaiting his pronouncements to learn the direction of future US tax and customs policies.
Strong international presence and thorny issues
The spotlight will not only be on Trump, but the forum will also feature a strong Chinese presence led by the vice premier, opening the door to speculation about possible side talks aimed at easing trade tensions between the world's two largest economies. Ukrainian President Volodymyr Zelensky, six other G7 leaders, European Commission President Ursula von der Leyen, and European Central Bank President Christine Lagarde are also in attendance.
The presence of these figures places the war in Ukraine, interest rates, and the energy transition at the top of the agenda. Central bank policies are expected to feature prominently in the discussions, particularly with Lagarde's participation, in an effort to chart a roadmap for sustainable economic recovery.
History of the forum and its importance
Founded in 1971, the World Economic Forum has transformed over the decades from a mere gathering of business leaders into an international platform for decision-making. This year, from January 19 to 23, the Forum brings together some 64 heads of state and government and more than 850 business leaders, making it the premier annual opportunity to gauge the pulse of the global economy and identify its future direction.
