'Not headed in right direction': Trump lashes out at Europe in Davos address - key quotes

US President Donald Trump used his return to the World Economic Forum in Davos to deliver a combative defence of his record at home while warning that Europe is “not headed in the right direction”, sharpening already fraught transatlantic tensions over trade, security and Greenland.Opening his speech to a packed hall of global executives and political leaders, Trump joked about addressing “so many friends – a few enemies” before declaring he had brought “truly phenomenal news from America”. He claimed inflation had been defeated, the US economy was booming and the country’s “open and dangerous border” had been closed, presenting his first year back in office as a historic economic turnaround.

He said core inflation stood at 1.6 per cent and predicted growth of more than five per cent, figures he contrasted with what he portrayed as stagnation and drift in Europe.Arriving late in Switzerland after an electrical issue forced Air Force One to turn back to Washington, Trump nonetheless drew long queues at Davos, with hundreds reportedly turned away. He was expected to hold several bilateral meetings with European leaders, even as protests and pointed messages of dissent appeared around the Alpine resort.

Trump’s remarks came against the backdrop of mounting tension between Washington and its allies, dominated by his renewed push to acquire Greenland from Denmark and threats to impose tariffs of up to 25 per cent on several European countries if they refuse to negotiate. European leaders have closed ranks against the move, warning it risks a serious rupture in the US-led global order. Canada’s Prime Minister Mark Carney told the forum the world was facing a “rupture, not a transition”, while NATO secretary general Mark Rutte urged “thoughtful diplomacy”.While the White House said Trump intended to focus on domestic affordability issues and promote his proposed “Board of Peace” for resolving international conflicts, his sharp criticism of Europe and insistence on an “America First” approach underscored the widening divide between the US and its traditional allies.