US Treasury Secretary Scott Bessent, centre, at the opening of USA House at the WEF in Davos, Switzerland. Cody Combs / The National
US Treasury Secretary Scott Bessent, centre, at the opening of USA House at the WEF in Davos, Switzerland. Cody Combs / The National
US Treasury Secretary Scott Bessent, centre, at the opening of USA House at the WEF in Davos, Switzerland. Cody Combs / The National
US Treasury Secretary Scott Bessent, centre, at the opening of USA House at the WEF in Davos, Switzerland. Cody Combs / The National

Scott Bessent at Davos: 'America First doesn't mean America alone'


Cody Combs
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In his first speech after arriving in Switzerland for the World Economic Forum annual meeting, US Treasury Secretary Scott Bessent said America First does not mean America alone.

"I am here to spread the message," Mr Bessent said. "We invite friends and potential friends to follow President [Donald] Trump's lead for global prosperity, peace and a restored international order based on fair trade and balanced trade."

Most polls show a majority of Americans are still concerned about inflation and the state of the US economy, but Mr Bessent painted a different picture at the opening ceremony for the USA House, an old church near the WEF’s congress centre.

"President Trump has ushered in an era of unparalleled prosperity," he told the packed venue on the Davos promenade. "It's a new decade of economic prosperity in which Main Street and Wall Street will grow together."

Mr Bessent attributed what he called a "historic economic comeback" to Mr Trump's push for regulatory clarity, energy and tax certainty.

US President Donald Trump waves after delivering his speech at the WEF annual meeting in Davos. AFP
US President Donald Trump waves after delivering his speech at the WEF annual meeting in Davos. AFP

"We're making the US the best place to come and build and grow a business," he said.

Mr Bessent also praised Switzerland's economy: "I think it's a great model for other economies because if you spend time here you can see what a prosperous middle-class looks like."

Reports then emerged of a text message exchange between Mr Trump and Norwegian Prime Minister Jonas Gahr Store, concerning the US push to take control of Greenland.

Mr Store had tried to intervene and called for cooler heads to prevail.

"Considering your country decided not to give me the Nobel Peace Prize for having stopped eight wars plus, I no longer feel an obligation to think purely of peace," Mr Trump texted.

"The world is not secure unless we have complete and total control of Greenland."

An emphasis on US domestic economic policy is expected to be the cornerstone of Mr Trump's speech at Davos on Wednesday. Mr Bessent said he was very much looking forward to it.

Updated: January 19, 2026, 8:21 PM