Important Takeaways:

• BlackRock Chief Warns Davos Elites: Trump Victory Poses ‘Fundamental’ Challenge to Europe
• The prospect of a Donald Trump return to the White House in 2024 poses a “fundamental” challenge to Europe, the leader of the world’s largest investment company warned Tuesday.
• The Daily Telegraph reports BlackRock vice chairman Philipp Hildebrand issued his caution from the sidelines of the World Economic Forum (WEF) in Davos, Switzerland.
• In doing so he added his voice to the swelling chorus from Europe that fears a Trump return to the world stage.
• [Why? Because] given Trump’s determination to embrace America First in matters from trade to diplomacy, NATO funding, and climate policy.
• For his part, Hildebrand urged Europe to seize the opportunity to transform itself into a technological superpower that was less dependent on America. He added Europe’s capabilities on defense were “just not there” and required a rethink. Hildebrand said:
• He spoke within hours of Trump’s stunning victory in the Iowa Republican presidential caucuses, as Breitbart News reported.

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