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Fear of Trump's return overshadows the World Economic Forum

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All eyes in Davos will be on Iowa, where Trump will attempt to win the Republican nomination

Ο φoβος επιστροφorς τ&omicron ;υ Τραμπ επισκιαζει το Παγκoσμι&omicron ; Οικονομικo Φoρουμ

Photo. Associated Press.

PETER TAL LARSEN/REUTERS BREAKINGVIEWS

The most talked about person in Davos next week will be nowhere near the Swiss mountain resort. As politicians, bankers and CEOs meet there for this year's World Economic Forum, Donald Trump will be 7,500 kilometers away in Iowa, launching his bid to win the US Republican Party nomination for a third term ahead of November's presidential election. . Even so, his potential return to the White House will permeate discussions at Davos on topics ranging from Ukraine and China to trade and climate change. Trump is not the only prominent political figure absent from the gathering, whose official theme is “Rebuilding Trust.” They include Indian Prime Minister Narendra Modi and his British counterpart Rishi Sunak, who is set to face voters in the next 12 months.

The 2,800 business and political leaders who have declared their presence in Switzerland are expected to hear from Chinese Premier Li Chiang, French President Emmanuel Macron and newly elected Argentine President Javier Millay. Secretary of State Anthony Blinken and White House National Security Advisor Jake Sullivan will attend on behalf of the US government. Still, the specter of a second Trump administration will loom over many roundtables, bilateral discussions and parties over the coming week.

Consider Ukraine, whose president Volodymyr Zelensky will address attendees. in Davos on Tuesday. European diplomats fear that a re-elected Trump would cut off US aid to the country and perhaps threaten to withdraw the US from NATO. However, the organizers of the POF are hoping this year to look for ways to revive global trade. However, any such initiative would be unfeasible in the first place if the US imposed a blanket tariff on imported goods, as Trump has threatened. Meanwhile, his return would reignite tensions with the EU, undermining efforts by the current Biden administration to coordinate a tough stance by America's allies against China. Finally, global efforts to combat climate change could similarly face resistance from a president who formally withdrew the US from the Paris Agreement in 2020.

Source: www.kathimerini.com.cy

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