Michael Froman
Greetings from beautiful Davos, Switzerland—the Mecca of globalism—where the 2026 World Economic Forum (WEF) Annual Meeting is just wrapping up. This year’s Davos theme was “The Spirit of Dialogue,” but in retrospect, it might have been better described as “The Reality of Monologue.” President Donald Trump didn’t just steal the show; he was the show.
Every year, commentators try to assess the zeitgeist of Davos. My take is that people were on edge most of the week. The anxiety leading up to Trump’s speech on Wednesday was palpable, though his remarks produced a collective, if cautious, sigh of relief, particularly among the Europeans. And there were glimmers of optimism, particularly around artificial intelligence (AI). Witness the humanoid and canine-like robots walking along the Promenade. But unlike prior years when the focus was very much on the opportunity of technology, there was at least as much attention this year on geopolitical risk.
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