Trump used Davos to warn Europe, demanding NATO allies raise defence spending to 5% of GDP and threatening tariffs on companies not manufacturing in the US. He linked lower oil prices to ending the Ukraine war and assured LNG exports to Europe would continue.

President also plans to ask for "financial contribution" for maintenance of remaining troops, European diplomatic source said.

Europe braces for Trump as NATO spending hikes and tariff threats loom Europe is preparing itself for US President Donald Trump’s second term, especially his defence policies. In the past Trump threatened to pull out of the NATO alliance if member countries didn’t increase their military spending.