"By the time a delayed Donald Trump's helicopter touched down in Davos, the damage, at least diplomatically, had already been done. From Washington, weeks of off-the-cuff comments about a possible U.S. military takeover of Greenland and freshly threatened tariffs had left allies scrambling and markets jittery. There was, among Davos delegates, the strongest sense yet that America's long-standing leadership was no longer reliable, as Mark Carney, Canada's prime minister, argued forcefully."
"Let me be direct. We are in the midst of a rupture, not a transition. Over the past two decades, a series of crises in finance, health, energy and geopolitics have laid bare the risks of extreme global integration. But more recently, great powers have begun using economic integration as weapons, tariffs as leverage, financial infrastructure as coercion, supply chains as vulnerabilities to be exploited."
President Trump's off-the-cuff comments about a possible U.S. military takeover of Greenland and threatened tariffs unsettled allies and markets. His arrival at Davos followed diplomatic damage and heightened concerns among delegates. Delegates expressed that America's long-standing leadership appeared unreliable. Mark Carney warned of a rupture rather than a transition, noting crises exposed risks of extreme global integration and citing the weaponization of economic ties, tariffs, financial systems, and supply chains. Emmanuel Macron warned of instability and imbalances in security, defense, and economics. Midsized economies, including Canada, concluded they could no longer assume the U.S. would remain the rules-based order's anchor.
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