In a recent development at the World Economic Forum in Davos, President Donald Trump has blocked California Governor Gavin Newsom from entering the USA House. This move came after Governor Newsom publicly criticized the President's address at the forum, calling it "boring" and "remarkably insignificant."
The incident has escalated the already tense relationship between the White House and the California governor. Newsom reported on Wednesday that his exclusion from the USA House, where he was scheduled to participate in a panel discussion hosted by Fortune Magazine, was due to pressure from the White House.
Following President Trump's keynote address, in which he referred to himself as NATO's "daddy" and briefly mentioned Newsom, the California governor had left early to brief reporters. There, he expressed a dismissive view of the President's comments, particularly regarding Greenland, suggesting that Trump had backtracked from a previous stance.
In response to Newsom's departure and subsequent remarks, the White House's official Rapid Response account on social media posted a controversial message. The post included language that references adult entertainment, stating that the governor had been relegated to "the corner cuck chair," coupled with a photo of Newsom during the President's speech. The post was finalized with the word "Embarrassing!"
Newsom reacted to being turned away by questioning the administration's motives on social media, "How weak and pathetic do you have to be to be this scared of a fireside chat?"
During his speech at Davos, President Trump also sparked conversation with his comments on Greenland, leading to the creation of the acronym TACO, which stands for "Trump Always Chickens Out." This phrase has been adopted by Wall Street traders and has become associated with the President's pattern of reversing course on major policy issues.
The TACO meme gained further attention when Trump seemed to de-escalate the Greenland situation, with financial markets responding positively. Market observers have noted that the President, who has a background as a New York real estate developer, pays close attention to Wall Street's performance.
Stocks had declined during the Greenland controversy but recovered after the President's commitment to avoid military action. Stephen Dover, chief market strategist at Franklin Templeton, commented on the market's resilience despite the situation's gravity, suggesting that investors anticipated another TACO moment from the President.
The confrontation between President Trump and Governor Newsom raises questions about the interaction between federal and state leadership, as well as the implications for future political and economic discussions at international events like the World Economic Forum.
