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Trump’s new economic war

The president’s ultimatums and demands on allies and rivals suggest he will use America’s financial might as a cudgel

The televised image of Donald Trump towered over delegates in a conference hall in the ski resort of Davos on Thursday, embodying the outsized impact the new president has had just a few days into his second term in the Oval Office.

Prime ministers, business leaders and the president of the European Central Bank had queued up to see him address the World Economic Forum, his first speech to a global audience since returning to the White House. One attendee joked about fetching some popcorn for the show.

Trump did not hold back, provoking nervous laughter as he issued a series of demands and ultimatums to allies and rivals alike.

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