The U.S. president and his allies used the World Economic Forum to offer the global elite a warning: “America First” is back, by any means necessary.

President Donald Trump, in a conversation with global business leaders Thursday, provided the clearest picture yet about how he plans to deliver on the economic promises he campaigned on: He proposed a carrot-and-stick approach to world economics that he believes will help solve the inflation crisis for good and fund his massive tax cut proposals.