Newsom Urges Trump to Avoid Repeating Mistakes at Davos – POLITICO
California Governor Gavin Newsom recently expressed concerns regarding former President Donald Trump’s actions and their implications on global markets during his visit to Davos. Newsom emphasized the importance of market stability, arguing that it influences Trump’s decisions significantly.
Newsom’s Warnings to Trump at Davos
Newsom highlighted a crucial point: “The only thing that can move Trump… are the markets.” He referred to Trump’s previous softening on global tariffs following significant market reactions, especially after the 2022 “Liberation Day” announcement.
Market Influence on Trump’s Decisions
- Trump’s decisions impact many, including business leaders like Howard Lutnick and Steve Witkoff.
- Market fluctuations directly affect Trump’s personal portfolio and other stakeholders traveling with him.
In January, Trump intensified threats to acquire Greenland, a self-governing territory of Denmark. This hostile posture could strain transatlantic relations, prompting European leaders to devise strategies to persuade him to reconsider.
Trump’s Global Tariff Threats
Last weekend, Trump announced intentions to implement tariffs against nations obstructing his Greenland ambitions. This geopolitical maneuver raised alarms among international leaders, concerned for diplomatic stability.
During his discussions, Newsom distanced himself from the role of a resistance leader against Trump, despite being viewed as a potential contender for the Democratic presidential nomination in 2028. “I’m here to express a different point of view,” he stated, acknowledging Trump’s historical significance.
Trump’s Popularity Concerns
Furthermore, Newsom remarked on Trump’s unpopularity, noting that his policies are regarded unfavorably across the American political spectrum. He pointed out that Trump’s approval ratings are currently lower than they were during his first term.
Overall, Newsom’s remarks in Davos underscored significant concerns about Trump’s approach and its potential repercussions on both U.S. politics and international relations.
