Trumponomics

Davos Is Learning the ‘Art of the Deal’ With Trump

Leaders gathering for the World Economic Forum are realigning their priorities and business plans to better fit the new president’s agenda.

Attendees during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 21.
Photographer: Stefan Wermuth/Bloomberg

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By Sommer Saadi and Stephanie Flanders

January 22, 2025 at 10:05 AM UTC

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The World Economic Forum in Davos, Switzerland, once a hub of globalism and progressive ideals, is now seeing a shift towards embracing the ideology of US President Donald Trump. With CEOs and other business leaders trying to get in line with his views, many are abandoning previous initiatives around equality, diversity, free trade and climate change. On this week’s episode of Trumponomics, we discuss how and why so many of the global elite at Davos are pressing “unsubscribe” on their previous commitments in favor of (like Trump’s book) the art of dealing with the new White House occupant.

We also analyze the implications for markets and investors.