World Economic Forum (WEF) in Davos (Switzerland) is just around the corner. Agendas are public for the annual elite gathering which typically attracts around 3,000 business people, government officials, and other personalities. The decisions taken there will affect mainly global financial markets, including forex.
Even if President Trump is not attending the event, his policies and actions will make the agenda of the meeting. Since his last attending at Davos, Trump has made a series of changes in international trade relations. He modified the tariffs for steel and aluminum around the world using the national security argument. Additionally, he sealed deals with a strict deadline, like the 90 days trade deal between the US and China.
Trump and other state officials
Since Trump’s election in 2016, world leaders cannot keep up with his statements. Although politics is all about diplomacy and most leaders have avoided confrontations, a few have been vocal against his policies. After 2018 when Trump maliciously commented on several international topics, 2019 Davos will not be the battlefield for statements as few important state officials will be skipping the event, Theresa May, and President Emmanuel Macron, with whom Trump recently argued at UN Assembly in September 2018. At that time, Macron criticized President Trump’s isolationist policies in his speech.
President Macron of France has just suggested that Europe build its own military in order to protect itself from the U.S., China and Russia. Very insulting, but perhaps Europe should first pay its fair share of NATO, which the U.S. subsidizes greatly!
— Donald J. Trump (@realDonaldTrump) November 9, 2018
Russia’s president Vladimir Putin with whom Trump has a complicated diplomatic relationship will not be present either.
I have been FAR tougher on Russia than Obama, Bush or Clinton. Maybe tougher than any other President. At the same time, & as I have often said, getting along with Russia is a good thing, not a bad thing. I fully expect that someday we will have good relations with Russia again!
— Donald J. Trump (@realDonaldTrump) January 12, 2019
Pakistani activist and Nobel Peace Prize winner Malala Yousafzai will be missing the event. She recently criticized Donald Trump’s border wall saying “this does not reflect America.” Malala is regularly commenting on Trump’s policies.
.@Malala on the border wall: "This does not reflect America. This does not reflect the values of America. I hope that the president and also other political leaders in the US, they reflect what American people believe which is welcoming and which is supporting refugees." Via CBS pic.twitter.com/vHWAUfKxY2
— Kyle Griffin (@kylegriffin1) January 7, 2019
Who will be there?
Among important state officials who will attend Davos is the Canadian Prime Minister Justin Trudeau, who was characterized by Trump as “very dishonest and weak” and “meek and mild” in a tweet after the G-7 Summit in June 2018. Sir David Attenborough, the renowned broadcaster who has used his work to draw attention to climate change will take on the stage too. Shinzo Abe, Prime Minister of Japan, and Angela Merkel, Germany’s Chancellor will attend the meeting as well.
With President Trump, a new era in political communications has been settled, and his actions trigger plenty of news. The constant presence on social media without the supervision of the communication department can lead to tensions between countries and has become a powerful weapon to underline specific interests, regardless of any diplomacy rules. In spite of him missing this year’s event in Davos, the central theme is around globalization, and global warming, a topic Trump’s agenda dismisses.