At Davos, Trump Faces a Wary World at a Volatile Moment of His Own Making

Eight years ago, when President Donald Trump arrived at the World Economic Forum in his first term, the alpine gathering of billionaires and heads of state waited nervously to hear how a self-described nationalist would address a temple of globalization. He told the audience that “America First” did not mean “America alone,” boasted about tax cuts and deregulation, and charmed many in the room into seeing him as a pro-business disrupter rather than a threat to the postwar order.

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On Wednesday...