DAVOS, SWITZERLAND (RFD NEWS) — President Donald Trump is speaking to several global leaders this morning at the World Economic Forum in Davos, Switzerland. He took the stage a short time ago and has already addressed the Supplemental Nutrition Assistance Program (SNAP), the largest expense of the U.S. Department of Agriculture (USDA).
Trump touted the administration’s efforts to get more people off the supplemental program in recent months. He also noted other achievements since taking office a year ago this week.
The gathering in Davos comes after President Trump threatened additional tariffs on European nations over Greenland. Market analyst Darin Newsom tells us the markets will likely be responsive as that meeting continues.
“We’ve seen what they’re going to do,” Newsom said. We’ve seen this past weekend, the upping the ante of more tariffs against Europe, more called for before the President headed to Switzerland. And we’ve seen the markets take off. Stock markets around the world are under pressure. Gold and silver are exploding higher. The U.S. dollar index is weaker. All of these things fit in with what we’re hearing outside of the normal economic chatter from Davos.”
The World Economic Forum runs through Friday.
RealAg Radio host Shaun Haney joined us on Wednesday’s Market Day Report to talk more about the event in Davos.
In his interview with RFD NEWS, Haney shared his immediate takeaways from Trump’s hour-long address, as well as his impression of Canadian Prime Minister Mark Carney’s speech on Tuesday. He also addressed how both speeches intersect from a trade perspective as North American leaders head into a review of the U.S.-Mexico-Canada Agreement (USMCA) this summer.
Shaun Haney joined RFD News to discuss the potential impact of the Trump-Xi summit uncertainty, ongoing agricultural trade talks, and why geopolitical developments could carry important implications for farmers and global commodity markets.
