Overview
- Organisers expect about 3,000 participants including roughly 850 CEOs, as the forum convenes for the first time without founder Klaus Schwab under interim co-chairs Larry Fink and Andre Hoffmann.
- European stocks fell about 1% and U.S. futures slid more than 1% after Trump’s pledge of new tariffs on eight European nations over resistance to a U.S. takeover of Greenland.
- France called threats of 200% duties on wine and Champagne unacceptable, and a French official confirmed the authenticity of a Trump-posted text from Emmanuel Macron proposing a post-Davos G7 meeting in Paris.
- U.S. Treasury Secretary Scott Bessent urged partners to “take a deep breath,” saying U.S.–Europe ties “have never been closer” and advising countries to stick with existing trade deals.
- Ukraine’s Volodymyr Zelenskyy said he will skip Davos unless there is a breakthrough in peace talks, as the Kremlin confirmed envoy Kirill Dmitriev plans meetings with U.S. representatives on the sidelines.