World leaders are gathered at the World Economic Forum annual meeting in Davos, Switzerland, which is taking place from January 19 to January 23. Trump is scheduled to go to the meeting in person for the first time since 2020, although now, with him still in the U.S., his social media account has been posting wildly.

“Every day we’re reminded that we live in an era of great-power rivalry,” Mr. Carney said. “That the rules-based order is fading. That the strong can do what they can, and the weak must suffer what they must.”

a) the Trump administration’s domestic economic policies were and still are a levered bet on the power of capitalism to revitalize American manufacturing and enable American AI technology, which contributed to the market movements I described above,

b) its foreign policy has scared and turned off some foreign investors as fears of sanctions and... See more