US President Donald Trump flew to the Swiss Alps today on the anniversary of his inauguration. The 79-year-old leader is set to deliver his keynote address at the World Economic Forum (WEF) 2026 being held in Davos, Switzerland.
To promote dialogue and economic progress, the US president will join heads of corporations and governments at an elite annual forum to determine the fate of Greenland. This is Trump’s third visit to Davos as president. The high-stakes meeting comes amid Trump’s ambition to take over Greenland after the threat of tariffs added pressure on oil markets.
Trump declared his intention on Tuesday, saying there was “no going back” on his goal of reclaiming Greenland from NATO member Denmark. Trump has vowed to impose new tariffs on European countries if no deal is reached to give the US control of Greenland.
Before leaving for Davos, Trump said: “I’m going to a beautiful place in Switzerland where I’m sure he’s expecting me very happily.
Trump’s eagerly awaited speech at the annual gathering of the world’s economic and political elite, which he is attending
For the first time in six years, Trump will attend the WEF and deliver the keynote address, which is scheduled for 2:30 pm local time (7:00 pm IST). Amid the biggest rift between Washington and Europe in a decade, Trump said he would hold a series of meetings on the issue in Davos.
Latin America grapples with Trump’s efforts to control Venezuelan oil
Meanwhile, Latin America is grappling with the Trump administration’s efforts to seize Venezuelan oil. On January 20, US military forces seized control of a seventh oil tanker linked to Venezuela as part of Trump’s sweeping effort to seize control of the South American nation’s oil assets.
“I’ve been in touch with my economic counterpart in Japan and I’m sure they’re going to start saying things that will calm the market,” Treasury Secretary Scott Bessent said in an interview with Fox News from Davos regarding the sell-off in Japanese government bonds. He further noted that before the Greenland news, there was a decline in Japanese bonds.
During a news conference, Bessent likened the uproar over Greenland to the “hysteria” that followed the Liberation Day tariff announcement, saying: “I am confident that the leaders will not escalate and that this will end up in a very good place.”
In the wake of Trump’s threats to take over the semi-autonomous Danish territory, Danish pension fund AkademikerPension said on Tuesday it plans to exit US Treasuries by the end of the month.
US President Donald Trump’s plane was forced to return to an air base late Tuesday due to a “minor electrical problem” shortly after departing for Switzerland, the White House said.
Out of an abundance of caution, Air Force One was returning to Joint Base Andrews, spokeswoman Karoline Leavitt said, where Trump and his entourage will transfer to another plane and continue their journey to the World Economic Forum in Davos.
