“Because of the intransigence of the Democrats regarding the security of borders and the great importance of security for our country, with all due respect, I cancel my very important trip to Davos,” he wrote on Twitter.

He also expressed "warm wishes and apologies" to the WEF.

It is a good idea to make sure that I’ve been on the road to safety and security. My warmest regards and apologies to the @WEF!

- Donald J. Trump (@realDonaldTrump) January 10, 2019

Earlier, Trump said that he would refuse to attend the forum in Davos if the budget crisis continued in the United States, which was caused by the suspension of government work.

On December 22, the work of the American government was partially suspended, since the Democrats and Republicans could not agree on a budget.

According to Democratic Senator Chuck Schumer, Trump threatened congressmen to keep the "shatdaun" for "a long time, months, or even years."