The reaction among America's allies was summed up by the speech of Canadian Prime Minister Mark Carney, who said "the middle powers must act together because if we're not at the table, we're on the menu."
Canada recently cut a new deal with China. The EU and South America signed a new free trade agreement. Long-time U.S. trade partners are looking to do business elsewhere.
Zanny Minton Beddoes, editor of The Economist, says the World Economic Forum’s elite attendees will talk far-ranging issues like climate and inflation.
Christine Lagarde, chief of the International Monetary Fund, cautions that global growth is slowing down more than expected earlier. Click the audio player above to hear the full story.