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After Davos - by Francis Fukuyama - Persuasion

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Trump chickened out. Now Europe needs to press its advantage.

Francis Fukuyama After Davos Trump chickened out. Now Europe needs to press its advantage. Francis Fukuyama Jan 24, 2026 775 5 190 Share Donald Trump arrives back in the U.S. from the World Economic Forum (WEF) on January 22, 2026. (Photo by Celal Gunes/Anadolu via Getty Images.) Just so you know: In addition to this column, Francis Fukuyama also writes for the main Persuasion mailing list. That means that if you don’t subscribe to Persuasion, you might miss out on receiving some of his essays! Click here to manage your account and toggle on the button to receive emails for Persuasion. And as

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