The World Economic Forum is convening in Davos shortly after President Donald Trump's inauguration, amidst significant global tensions such as the Ukraine conflict and the Israel-Hamas war. Trump’s administration is poised to implement tariffs on various countries, raising concerns about trade relations. European Commission President Ursula von der Leyen emphasized the need for collaboration to address global challenges and avoid a "race to the bottom." German Chancellor Olaf Scholz and Ukraine's President Volodymyr Zelenskyy are also expected to speak, addressing pressing international issues.
European Commission President Ursula von der Leyen highlighted the importance of collaboration at Davos, stating, "In an era of growing divides, the Davos spirit offers opportunities to innovate and enhance our prosperity."
Trump's administration is expected to impose heavy tariffs on foreign products, causing tension among allies and potentially leading to trade disputes.
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