The World Economic Forum has convened annually in Davos for 55 years. This year's gathering—the first without founder Klaus Schwab—transformed into an emergency diplomatic summit when Trump's tariff threats over Greenland collided with record attendance from 60+ heads of state. By week's end, a NATO 'framework deal' had defused the immediate crisis, while Canadian PM Mark Carney delivered a declaration that European and middle-power leaders openly applauded: the U.S.-led rules-based order is over.
The forum produced three structural shifts. First, Trump backed off European tariffs after NATO agreed to expand Arctic security—though Greenland's sovereignty remains unchanged. Second, Carney's call for middle powers to build a 'third path' outside great-power rivalry drew explicit support from von der Leyen, Macron, and Merz. Third, the AI conversation moved from hype to implementation, with CEOs focused on agentic AI's near-term ROI while Anthropic and DeepMind leaders warned that China has closed the capability gap to 6-12 months.