Wall Street Week

How Trump Dominated the World Economic Forum

Trump made an about-face on tariffs this week.
Chrystia Freeland, Canada's former finance minister and Liberal Party leader candidate, speaks to members of the media following a Liberal Party leadership debate in Montreal, Quebec, Canada, on Monday, Feb. 24, 2025. Liberals will decide on a new leader by March 9, which gives the winner of the contest about two weeks before Parliament returns.Photographer: Graham Hughes/Bloomberg

Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin, and this week Canada’s Chrystia Freeland told us how US allies responded to President Donald Trump’s eventful week in Davos, and we revisited what tariffs on French wine would mean for the US wine business. If you’re not yet a subscriber, sign up here for this newsletter.

If Trump’s goal was to dominate the discussion at the World Economic Forum in Davos this week, he achieved it. He started the week focused on Greenland, threatening tariffs on a collection of US European allies if they didn’t support the US taking control of the sovereign Danish territory: “Look, we have to have it. They have to have this done. They can’t protect it.”