DAVOS, Switzerland (AP) — Corporate chiefs and government leaders, including U.S. President Donald Trump, are in Davos, Switzerland, this week, joining an elite annual World Economic Forum that promotes dialogue and economic progress, even as actions from Washington have upended the global order and billionaires have reaped trillions in new wealth as the poor lag behind.
Trump is expected to deliver an address at the World Economic Forum at 8:30 a.m. EST. Watch it live in the video player above.
French President Emmanuel Macron said Tuesday that the European Union “should not hesitate” to use the trade bloc’s anti-coercion instrument in face of Trump’s tariff threats over Greenland.
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Unofficially known as the “trade bazooka,” the anti-coercion instrument could sanction individuals or institutions found to be putting undue pressure on the EU.
Trump’s third visit to Davos as president comes as U.S. allies worry about his ambition to take over Greenland, while Latin America grapples with his efforts to seize Venezuela’s oil and business leaders and lawmakers at home express concerns about his hardball tactics toward Federal Reserve Chair Jerome Powell.