On January 21, 2025, German Chancellor Olaf Scholz addressed the World Economic Forum in Davos, Switzerland, expressing cautious optimism regarding future relations between Germany and the United States. Scholz emphasized that the US remains Germany's closest ally outside of Europe.
In his remarks, he highlighted positive preliminary discussions with the incoming Trump administration and underscored the importance of maintaining composure amid global uncertainty. He stated, 'In a world constantly on the brink of a nervous breakdown, we need cool heads.'
Scholz reiterated that cooperation between Europe and the US is crucial for global peace, security, and economic progress. He expressed hope that Trump would sustain stability in various sectors, including energy, climate policy, trade, and foreign relations.
Addressing concerns about US aid to Ukraine, Scholz noted he does not anticipate an immediate reduction in support following Trump's inauguration. He also commented on the implications of Elon Musk's connections with far-right groups, stating that such relationships pose a threat to democracy in Europe.