Overview
- WEF organizers expect about 850 CEOs and 64 heads of state or government, with President Trump set to speak midweek alongside the largest U.S. delegation yet, including Secretary of State Marco Rubio and Treasury Secretary Scott Bessent.
- Trump warned on Truth Social that several European allies will face a 10% tariff on all goods from February 1, rising to 25% on June 1, unless a deal is reached for a “full and comprehensive” purchase of Greenland.
- EU Commission President Ursula von der Leyen pledged to safeguard Greenland and Denmark’s strategic interests, and EU ambassadors convened emergency talks after consultations with NATO’s secretary general and key European leaders.
- Market jitters followed the tariff threats, with Germany’s DAX slipping below 25,000 points as gold and silver hit record highs seen as haven moves.
- Davos is expected to host high-level Ukraine discussions, with reports pointing to a proposed $800 billion reconstruction plan under exploration, and the WEF confirmed Iran’s foreign minister was dropped from the program following criticism of Tehran’s crackdown.