European pessimism in Davos as Trump boom underlines continent’s slump

European pessimism in Davos as Trump boom underlines continent’s slump
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European pessimism in Davos as Trump boom underlines continent’s slump
Author: John Collingridge and Heather Stewart in Davos
Published: Jan, 24 2025 14:18

Summary at a Glance

European pessimism in Davos as Trump boom underlines continent’s slump America First doctrine and threat of tariffs leave EU elite wondering how it can close economic gulf with US.

His America First doctrine and threat of tariffs on EU goods have left Europe’s elite wondering how it can close the growing economic gulf with the US – and find the billions needed for extra military expenditure.

The 47th president of the US beamed via video into a packed conference hall to rail against stifling European regulation, car exports flooding to the US and fines and penalties on Apple, Google and Facebook.

In the bars, hotels and windowless conference halls of the World Economic Forum in Davos, two themes dominated the conversation: America’s ascendancy and Europe’s decline.

“From the standpoint of America, the EU treats us very, very unfairly, very badly,” he said.

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