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European pessimism in Davos as Trump boom underlines continent’s slump

America First doctrine and threat of tariffs leave EU elite wondering how it can close economic gulf with US

In the bars, hotels and windowless conference halls of the World Economic Forum in Davos, two themes dominated the conversation: America’s ascendancy and Europe’s decline.

If the scale of the continent’s problems was unclear before politicians and chief executives descended on the Swiss ski resort, there was no ambiguity by the time Donald Trump had finished speaking.

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