i believe POTUS was looking for any reason to avoid the rats nest of globalists in Davos –the World Economic Forum was founded by Klaus Schwab –partial bio includes this gem "steering committee of the Bilderberg Group":

From 1993-1995, Schwab was a member of the UN High-Level Advisory Board on Sustainable Development.[10] From 1996-1998, he was Vice-Chairman of the UN Committee for Development Planning.[11] He also exercised a number of functions in the global public interest, such as being a member of The Peres Centre for Peace[12] and a member of the board of the Lucerne Festival.[13] During the earlier years of his career, he was on a number of company boards, such as The Swatch Group, The Daily Mail Group, and Vontobel Holding. He is a former member of the steering committee of the Bilderberg Group.[14]