Trump is expected to host signing ceremony for his Board of Peace on sidelines of the World Economic Forum in Davos on Thursday but some key allies have yet to commit.

U.S. President Donald Trump floated the prospect of 200% tariffs on French wines and champagnes over France's rejection of the Board of Peace.

Saudi Arabia, Turkey, Egypt, Jordan, Indonesia, Pakistan and Qatar have accepted invitations to join U.S. President Donald Trump's "Board of Peace", the Saudi foreign ministry said in a joint statement that also included the United Arab Emirates.

Many questions are swirling around the Trump-led Board of Peace, which was originally billed as a committee that would oversee the rebuilding and reconstruction of Gaza.

Nine countries so far – including Hungary – have agreed to join US President Donald Trump’s proposed Board of Peace, a new international body initially focused on Gaza but now promoted by Trump as a broader forum for resolving global conflicts.

President Trump will join the White House press briefing at 1 p.m. on Tuesday to mark one year since his second inauguration.