Trump Reshapes Davos as Globalism Takes a Back Seat
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President Donald Trump is seen on a big screen as he delivers a special address during the World Economic Forum annual meeting in Davos, Switzerland, on Jan. 21, 2026. (Mandel Ngan/AFP via Getty Images)
By Emel Akan
1/27/2026Updated: 1/27/2026

WASHINGTON—The World Economic Forum (WEF) in Davos, Switzerland, long known for supporting globalism, environmental sustainability, and social equity, struck a markedly different tone this year with President Donald Trump’s return to the global stage.

Topics that used to be central at the WEF’s annual meeting appeared to be sidelined, replaced by more urgent issues such as trans-Atlantic tensions over Greenland, tariff disputes, and growing unilateralism.

This year, Klaus Schwab did not attend for the first time since he founded the WEF in 1971. With Schwab’s absence came a noticeable decline in focus on the forum’s usual themes, such as multilateral cooperation on net-zero transitions and initiatives such as environmental, social, and governance policies and diversity, equity, and inclusion.

Swedish activist Greta Thunberg was also absent from this year’s gathering in the Alpine village. In some prior years, she had been one of Davos’s visible figures, delivering lines such as “Our house is on fire” in speeches and calling for an immediate turn away from fossil fuels.

This year, the forum welcomed Elon Musk as a new guest. The Tesla and SpaceX founder attended Davos for the first time after years of publicly criticizing the WEF as “boring” and calling its participants an “unelected world government.” He joined Larry Fink, CEO of BlackRock and WEF interim cochair, on stage to discuss how technological progress will create an “abundance of goods and services” for humanity and expressed optimism about the future.

Observers also noted a significant decline in climate discussions at Davos. The 2026 official program featured only four sessions referencing “climate change,” down from 16 in 2022. In speeches by world leaders—including French President Emmanuel Macron and Canadian Prime Minister Mark Carney—terms such as “climate change” and “net zero” were absent.

U.S. Secretary of Energy Chris Wright, a fossil fuel industry veteran, attended the WEF for the first time and spoke at a session called “Conversation on How to Fuel Our Lives,” where he argued that the world requires significantly more oil, natural gas, coal, and nuclear energy.

WEF membership is by invitation only, and companies pay annual fees ranging from $75,000 to $758,000, depending on the membership type, according to Fortune Magazine. Companies also pay a fee for each participant attending the Davos meeting; elite badges cost up to $35,000 each.

Trump attended this year’s summit with a large delegation, and his Cabinet members used the forum to promote his America First agenda.

On Jan. 21, Trump delivered a speech lasting for more than an hour, setting the tone for the week. He criticized efforts to promote renewable energy in European countries, referring to them as the “Green New Scam” and the “greatest hoax in history.” He stated that countries that have invested most heavily in windmills have experienced greater losses over the years.

Wright told The Epoch Times that Trump was right to highlight his economic and energy policies in his speech.

“He rightfully celebrated American economic growth, the stopping of the price rise, increasing of wages of American workers, getting a commonsense energy policy so we can drive our economic growth and help support our neighbors and allies in Europe,” Wright said.

Interest in Trump was evident well before his speech. Participants began lining up more than 90 minutes in advance. The conference room was full, and some attendees stood in the aisles. Among them was California Gov. Gavin Newsom, who is widely seen as a potential 2028 presidential contender.

Trump called out Newsom during his speech, telling the audience that “Gavin is a good guy” and that they used to get along well. Newsom was seen smiling, laughing, and shaking his head.

On Jan. 22, Newsom participated in a discussion during which he accused the Davos crowd of not standing up to Trump. He criticized law firms, universities, and corporations for “selling out” to the Trump administration.

Newsom was not the only Democratic governor in Davos. Kentucky Gov. Andy Beshear, a moderate Democrat who has won two terms in a deep-red state, and Michigan Gov. Gretchen Whitmer, another frequently mentioned 2028 contender, were also present.

Trump also used his time in Davos to spotlight the United States’ military and economic might. He touted sweeping deregulation, booming stock markets, surging energy production, and robust economic growth in the United States.

His remarks on Greenland drew significant attention. Trump said that the United States should acquire what he described as “a big piece of ice” for national security, while assuring the crowd that there would be no military takeover.

Trump announced on Jan. 22 that he had reached a framework agreement with NATO regarding Greenland’s future, but he offered few details.

Many European leaders and media criticized Trump’s remarks, but NATO Secretary-General Mark Rutte defended his position.

On Jan. 26, speaking to the European Parliament in Brussels, Rutte cited increased activity by China and Russia in the Arctic and warned that Europe cannot defend itself without U.S. support.

“I think [Trump is] right. There is an issue with the Arctic region,” Rutte said. “And if anyone thinks here, again, that the European Union, or Europe as a whole, can defend itself without the U.S., keep on dreaming.”

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Emel Akan
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Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.

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