US President Donald Trump lashed out at the European Union during his first major speech to a global audience since starting his second term in the White House. In a nearly hour-long address to business and political leaders gathered at the World Economic Forum in Davos,

The bloc's defence push could potentially be used as leverage in a trade standoff with Trump, according to Stephane Sejourne, the EU's commissioner for industrial strategy, who noted Europe's economy needs to be in good health to allow for more security spending.