: U.S. President Donald Trump said Europe is headed in the wrong direction during an economic speech in Davos, Switzerland on Wednesday (January 21) which was overshadowed by fraying transatlantic ties and his push to acquire Greenland.

"I love Europe and I want to see Europe go good, but it's not heading in the right direction," Trump said at the World Economic Forum's annual meeting.

He also said policies focused on green energy and mass migration has hurt Europe, causing 'record budget and trade deficits'.

A senior White House official told reporters en route to the Swiss mountain resort that Trump would use the speech to discuss his America First-based economic policies but might also address Greenland and Venezuela.

On Thursday, he will talk more about foreign policy, the official said.

Trump, who marked the end of a turbulent first year in office on Tuesday, is set to overshadow the agenda of the WEF, where global elites chew over economic and political trends.

Trump told a press conference on Tuesday that he would have meetings about the Danish territory of Greenland in Davos and was optimistic that an agreement could eventually be reached.

NATO leaders have warned that Trump's Greenland strategy could upend the alliance, while the leaders of Denmark and Greenland have offered a wide array of ways for a greater U.S. presence on the strategic island territory of 57,000 people.

"You'll find out," said Trump, who has linked Greenland to his anger at not receiving a Nobel Peace Prize, when asked how far he is willing to go.

DESCRIPCIÓN DE IMÁGENES

SHOWS: DAVOS, SWITZERLAND (JANUARY 21, 2026) (WORLD ECONOMIC FORUM - Access All)

1. AUDIENCE STANDING UP AS U.S. PRESIDENT DONALD TRUMP ENTERING CONFERENCE HALL

2. VARIOUS OF TRUMP ENTERING, GREETING AUDIENCE

3. VARIOUS OF TRUMP SHAKING HANDS WITH BLACKROCK CEO LARRY FINK AND WEF CEO BORGE BRENDE / WALKING TO PODIUM

4. TRUMP ADDRESSING AUDIENCE

5. (SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP SAYING:

"It's great to be back in beautiful Davos, Switzerland, and to address so many respected business leaders, so many friends, few enemies."

6. TRUMP ADDRESSING AUDIENCE

7. (SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP SAYING:

"After 12 months back in the White House, our economy is booming, growth is exploding, productivity is surging, investments are soaring, incomes are rising, inflation has been defeated, our previously open and dangerous border is closed and virtually impenetrable, and the United States is in the midst of the fastest and most dramatic economic turnaround in our country's history."

8. TRUMP SPEECH UNDERWAY

9. (SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP SAYING:

"The USA is the economic engine on the planet, and when America booms, the entire world booms. It's been the history. When it goes bad, it goes bad. The whole, we all, you all follow us down, and you follow us up, and we're at a point that we've never, I don't believe we've ever been. I never thought we could do it this quickly."

10. TRUMP SPEECH UNDERWAY

11. (SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP SAYING:

"Perhaps how you, too, and the places where you come from can do much better by following what we're doing because certain places in Europe are not even recognizable, frankly, anymore. They're not recognizable. And we can argue about it, but there's no argument. Friends come back from different places, I don't want to insult anybody and say I don't recognize it. And that's not in a positive way. That's in a very negative way. And I love Europe, and I want to see Europe go good, but it's not heading in the right direction."

12. TRUMP SPEECH UNDERWAY

13. (SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP SAYING:

"In recent decades, it became conventional wisdom in Washington and European capitals that the only way to grow a modern Western economy was through ever-increasing government spending, unchecked mass migration, and endless foreign imports. The consensus was that so-called dirty jobs and heavy industries should be sent elsewhere, that affordable energy should be replaced by the Green New Scam, and that countries could be propped up by importing new and entirely different populations from faraway lands. This was the path that sleepy Joe Biden administration and many other Western governments very foolishly followed, turning their backs on everything that makes nations rich, powerful, and strong. And there's so much potential in so many nations. The result was record budget and trade deficits and a growing sovereign deficit driven by the largest wave of mass migration in human history. We've never seen anything like it."

14. VARIOUS OF TRUMP SPEECH UNDERWAY