https://amgreatness.com/2025/01/27/trump-and-his-new-frenemies-abroad-and-at-home/
President Trump recently gave a video talk to the World Economic Forum (WEF) assemblage in Davos.
He expressed fondness for Europe. He praised many for their attendance—and then tore into the evils of hyperregulation, high taxes, radical environmentalism, and the DEI/ESG commissariat of both the prior Biden administration and indeed the European Union.
One might have thought the attendees’ heads would have exploded when Trump referred to oil as “liquid gold.” And he topped that by referring to the venerated Green New Deal as the “Green New Scam.”
“I terminated the ridiculous and incredibly wasteful Green New Deal—I call it the ‘Green New Scam,’ withdrew from the one-sided Paris Climate Accord, and ended the insane and costly electric vehicle mandate.”
But then a strange thing happened.
The questions from international bankers and financiers that followed were not all that critical. In fact, one could characterize them as curious and carefully encouraging.
So, what prompts the polite European reception to such green and economic heresy?
A careful hearing of Trump’s entire speech would reveal it was not confrontational as much as aspirational. He was trying to envision a new European partnership—albeit one under American leadership.
“Under our leadership, America is back and open for business . . . So, you know I’m trying to be constructive because I love Europe. I love the countries of Europe.”
The U.S. economy has grown to nearly twice the size of the European Union’s since its inception more than two decades ago. Indeed, over 20 years, the gross domestic product of both was roughly comparable.