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Mark Leonard's World in 30 Minutes
Insights from Davos: Trump’s impact on the global economy
Jan 24, 2025
Carl Bildt, former prime minister of Sweden, and Arancha González, former Spanish foreign minister and current dean at Sciences Po, share their insights from Davos amid Donald Trump's recent return to politics. They discuss the mixed feelings surrounding Trump's impact on global trade, including the potential for new tariffs and geopolitical tensions like those in Ukraine. The importance of international alliances and the role of gender equality in economic growth are also highlighted, painting a complex picture of the current global landscape.
22:01
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Quick takeaways
- The inauguration of Donald Trump has polarized opinions among global leaders, creating optimism for U.S. economic policies while raising concerns over tariffs and international stability.
- At Davos, the geopolitical impact on Ukraine was a major focus, with participants emphasizing the need for European unity in supporting Ukraine's defense strategy against potential U.S.-Russia negotiations.
Deep dives
Trump's Dominance at Davos
The World Economic Forum in Davos was significantly influenced by Donald Trump's inauguration, generating divided opinions among business leaders and economists. Business representatives expressed optimism regarding deregulation and tax cuts, while economists raised concerns about potential deficits and tariffs. A global opinion poll revealed that many individuals across various countries believe Trump will positively impact America and other regions, but there is notable apprehension among America's close allies, particularly in Europe. This highlights a contrasting perspective between the perceived benefits of Trump's policies and the fears they evoke in countries more reliant on a stable international order.
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