January 19, 2025, a landmark moment: the new US President Trump returns to the Davos World Economic Forum after six years, bringing the largest US delegation in history. This team includes key policy decision-makers and American business leaders, symbolizing a clear message — the United States is repositioning itself on the global economic stage.

Looking back at Trump's 2017 speech at Davos, he shocked the audience with a tough stance of "America First." Six years later, returning to the White House, he once again stands on this platform gathering global elites, which is clearly more than a ceremonial appearance. The composition of the delegation itself reveals a message: it includes core policy advisors and business elites who control the pulse of the US economy. What does this combination indicate? It suggests that the US intends to regain influence in the international economic system.

Market analysts are pondering several key questions: Will he emphasize the reshoring of manufacturing to the US again? To what extent will trade protectionism escalate? Will tariffs become bargaining chips in negotiations with China and Europe? These policy tendencies will directly impact the global trade landscape and capital flows.

For European allies, the situation is quite delicate. They must maintain transatlantic relations while also preparing for potential trade pressures and energy policy changes. As for the Asia-Pacific region, the US’s new trade and strategic policies also draw significant attention.

From an investment perspective, this Davos forum is essentially a signal release event. In the coming months, the US’s specific actions on trade, tariffs, and industrial policies will serve as important references for global capital markets. The evolution of these macroeconomic trends will ultimately influence asset pricing across various classes. Monitoring the developments of this forum is equivalent to getting an early read on market sentiment.