The National's Mina Al-Oraibi, Time magazine editor Sam Jacobs, The Asia Group's Samir Saran and The Economist's Patrick Foulis speak at the opening session of the World Economic Forum in Davos. Photo: WEF
The National's Mina Al-Oraibi, Time magazine editor Sam Jacobs, The Asia Group's Samir Saran and The Economist's Patrick Foulis speak at the opening session of the World Economic Forum in Davos. Photo: WEF
The National's Mina Al-Oraibi, Time magazine editor Sam Jacobs, The Asia Group's Samir Saran and The Economist's Patrick Foulis speak at the opening session of the World Economic Forum in Davos. Photo: WEF
The National's Mina Al-Oraibi, Time magazine editor Sam Jacobs, The Asia Group's Samir Saran and The Economist's Patrick Foulis speak at the opening session of the World Economic Forum in Davos. Photo

Trump’s ‘moment of change’ hangs over Davos


Tim Stickings
  • English
  • Arabic

As the minutes ticked down to Donald Trump's oath of office, panellists at Davos were asked to forecast the fate of almost every corner of the world. The audience in the Swiss Alps seemed to appreciate the enormity of the question.

The US, Europe, the Middle East, China, Africa and South America: guests at the World Economic Forum were eager for predictions from journalists on how Mr Trump's second term might play out for each of them.

Some of Mr Trump's policies may be familiar from his first term in the White House, such as tariffs on China and pressure on Iran. But much has changed since he left Washington in 2021, from the war in Ukraine to developments in the Middle East such as the war and ceasefire in Gaza and the fall of the Assad regime in Syria.

People watch the inauguration of Donald Trump at Ukraine House in Davos. AP
People watch the inauguration of Donald Trump at Ukraine House in Davos. AP

The National's editor-in-chief, Mina Al-Oraibi, told the Davos audience that Mr Trump was assuming power at a time of weakened international law and uncertainty over the future security architecture of Europe, the Middle East and Africa. "It is a moment of change and unpredictability and it's not clear what the Trump Doctrine will look like. But I think everyone feels like there is a moment for change that's needed," she said.

In the Gaza ceasefire talks involving Israel and Hamas "the changed factor was the US factor", she said. "This was the same deal that 13 months ago the Americans had said that they could pull off under a Joe Biden administration.

"But ultimately it was the Trump factor - Trump clearly saying there had to be a ceasefire before inauguration. That moment crystallises what people are expecting under a Trump administration that comes with many lessons from its first stint at the White House, but also lessons learned of what can be possible in the Middle East."

  • US President Donald Trump is shown on screen as he addresses a plenary session remotely in Davos, Switzerland. EPA
    US President Donald Trump is shown on screen as he addresses a plenary session remotely in Davos, Switzerland. EPA
  • Participants queue to enter the Congress Hall. EPA
    Participants queue to enter the Congress Hall. EPA
  • Iraqi President Abdul Latif Rashid. EPA
    Iraqi President Abdul Latif Rashid. EPA
  • Special police stationed on the roof of the Congress Hotel in Davos. EPA
    Special police stationed on the roof of the Congress Hotel in Davos. EPA
  • Former UK prime minister Tony Blair and Syrian Foreign Minister Asaad Al Shibani at the Annual Meeting of World Economic Forum in Davos. AP
    Former UK prime minister Tony Blair and Syrian Foreign Minister Asaad Al Shibani at the Annual Meeting of World Economic Forum in Davos. AP
  • Javier Milei, Argentina's President, during an interview at Bloomberg House at the event. Bloomberg
    Javier Milei, Argentina's President, during an interview at Bloomberg House at the event. Bloomberg
  • Spain's Prime Minister Pedro Sanchez on the podium. AFP
    Spain's Prime Minister Pedro Sanchez on the podium. AFP
  • Iran's Vice President for Strategic Affairs Mohammad Zarif addresses the audience. AFP
    Iran's Vice President for Strategic Affairs Mohammad Zarif addresses the audience. AFP
  • German Chancellor Olaf Scholz, left, and Ukrainian President Volodymyr Zelenskyy. Getty Images
    German Chancellor Olaf Scholz, left, and Ukrainian President Volodymyr Zelenskyy. Getty Images
  • Israel's President Isaac Herzog at the annual meeting in Davos. AP
    Israel's President Isaac Herzog at the annual meeting in Davos. AP
  • Saudi Arabia's Minister of Foreign Affairs Prince Faisal bin Farhan, during the 55th annual meeting of the World Economic Forum in Davos. Reuters
    Saudi Arabia's Minister of Foreign Affairs Prince Faisal bin Farhan, during the 55th annual meeting of the World Economic Forum in Davos. Reuters
  • The Prime Minister and Foreign Minister of Qatar, Sheikh Mohammed bin Abdulrahman, attends the Annual Meeting of the World Economic Forum in Davos. Reuters
    The Prime Minister and Foreign Minister of Qatar, Sheikh Mohammed bin Abdulrahman, attends the Annual Meeting of the World Economic Forum in Davos. Reuters
  • President of South Africa Cyril Ramaphosa speaks at a plenary session. EPA
    President of South Africa Cyril Ramaphosa speaks at a plenary session. EPA
  • Khaldoon Al Mubarak, chief executive of Mubadala Investment Co, during a panel session in Davos. Bloomberg
    Khaldoon Al Mubarak, chief executive of Mubadala Investment Co, during a panel session in Davos. Bloomberg
  • Former British prime minister Theresa May at the 55th annual World Economic Forum. EPA
    Former British prime minister Theresa May at the 55th annual World Economic Forum. EPA
  • Brian Moynihan, chief executive officer of Bank of America Corp, at the forum. Bloomberg
    Brian Moynihan, chief executive officer of Bank of America Corp, at the forum. Bloomberg
  • Ruth Porat, chief financial officer of Alphabet Inc, at Bloomberg House. Bloomberg
    Ruth Porat, chief financial officer of Alphabet Inc, at Bloomberg House. Bloomberg
  • Amir Yaron, governor of Israel's central bank, at the WEF in Davos. Bloomberg
    Amir Yaron, governor of Israel's central bank, at the WEF in Davos. Bloomberg
  • Ngozi Okonjo-Iweala, director general of the World Trade Organisation in Davos. Bloomberg
    Ngozi Okonjo-Iweala, director general of the World Trade Organisation in Davos. Bloomberg
  • From left, Rachel Morison, editor at Bloomberg News, Belgium's Prime Minister Alexander De Croo, Ester Baiget, chief executive of Novozymes, Marc Ferracci, France's Industry and Energy Minister, Martin Lundstedt, chief executive of Volvo, and Anna Borg, chief executive of Vattenfall AB, during a panel session at the World Economic Forum. Bloomberg
    From left, Rachel Morison, editor at Bloomberg News, Belgium's Prime Minister Alexander De Croo, Ester Baiget, chief executive of Novozymes, Marc Ferracci, France's Industry and Energy Minister, Martin Lundstedt, chief executive of Volvo, and Anna Borg, chief executive of Vattenfall AB, during a panel session at the World Economic Forum. Bloomberg
  • Rafael Grossi, director general of International Atomic Energy Agency, speaks at the WEF. Bloomberg
    Rafael Grossi, director general of International Atomic Energy Agency, speaks at the WEF. Bloomberg
  • Mina Al-Oraibi, editor-in-chief of The National, left, Mohamed Kande, global chairman of PwC, second left, Ravi Kumar S, chief executive of Cognizant, second right, and Luc Triangle, general secretary of the International Trade Union Confederation, right, during the panel session titled, Who Benefits from Augmentation? Photo: WEF
    Mina Al-Oraibi, editor-in-chief of The National, left, Mohamed Kande, global chairman of PwC, second left, Ravi Kumar S, chief executive of Cognizant, second right, and Luc Triangle, general secretary of the International Trade Union Confederation, right, during the panel session titled, Who Benefits from Augmentation? Photo: WEF
  • Filippo Grandi, UN High Commissioner for Refugees, speaks during the Refugees and Their Olympian Spirit session. Photo: WEF
    Filippo Grandi, UN High Commissioner for Refugees, speaks during the Refugees and Their Olympian Spirit session. Photo: WEF
  • Bandar Bin Mohammed Al Thani, Governor of the Qatar Central Bank, during the session called Banks: Change on All Fronts? Photo: WEF
    Bandar Bin Mohammed Al Thani, Governor of the Qatar Central Bank, during the session called Banks: Change on All Fronts? Photo: WEF
  • Masomah Ali Zada, chef de mission of the Refugee Olympic Team, France, speaks during the Refugees and Their Olympian Spirit session. Photo: WEF
    Masomah Ali Zada, chef de mission of the Refugee Olympic Team, France, speaks during the Refugees and Their Olympian Spirit session. Photo: WEF
  • People watch the inauguration of Donald Trump on screens at the Ukraine house alongside the World Economic Forum in Davos, Switzerland, Monday, Jan. 20, 2025. (AP Photo / Markus Schreiber)
    People watch the inauguration of Donald Trump on screens at the Ukraine house alongside the World Economic Forum in Davos, Switzerland, Monday, Jan. 20, 2025. (AP Photo / Markus Schreiber)
  • Waleed Al Muhairi, deputy group chief executive of Mubadala Investment Company, during a Bloomberg Television interview before the WEF. Bloomberg
    Waleed Al Muhairi, deputy group chief executive of Mubadala Investment Company, during a Bloomberg Television interview before the WEF. Bloomberg

The Davos panel hosted by Samir Saran, the president of India's Observer Research Foundation, tipped Mr Trump to take an economically-minded approach to foreign affairs. The Economist's foreign editor Patrick Foulis predicted he would turn to New York business tactics and and trim some of America's "weak obligations" in the world.

"American deterrence has collapsed around the world. People are simply not as intimidated by this superpower," he said. "I see the Trumpian agenda essentially as a more comprehensive and forceful expression of American power on a much more limited geographic scope."

At home Mr Trump is taking office after winning the popular vote for the first time, defeating Kamala Harris, and has seen major tech companies shift towards a friendlier position. He has Elon Musk, the owner of social media giant X, on board to help him reimagine the American state.

But while his popularity is grown, some of his ideas such as scrapping birthright citizenship, and tariffs that could lead to higher prices, are less popular, said Time magazine's editor-in-chief Sam Jacobs. "Americans have gravitated towards this president but there are plenty of his ideas they have not gravitated towards," he said.

"The other big point of tension I think for this president is the fact that he ran on a pro-growth agenda and he has anti-growth policies. We have to see how these two things are going to play out."

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Updated: January 21, 2025, 5:53 AM