Davos Recap

Reality, Retaliation, and Rough Edges

Posted 1/31/26

The World Economic Forum opened this year under a shared recognition that the post-Cold War economic settlement is no longer operative, but with little agreement on what should replace it.

Across Davos, senior officials framed geopolitics, trade, and industrial policy not as domains to be reconciled, but as instruments to be asserted—revealing a widening gap between those seeking to rebuild cooperation through new coalitions and those prepared to test leverage openly, even among allies.

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