US President Donald Trump delivered a virtual address at the World Economic Forum on Thursday, held in Davos, Switzerland. He engaged in a discussion with prominent business leaders, including Bank of America CEO Brian Moynihan and Blackstone Group CEO Stephen Schwarzman.
Trump, on his first day in office, suggested he may do just that. Trump has threatened to impose 25% tariffs on all goods from Canada and Mexico on February 1 in response to what he views as inadequate border security failing to stop drugs and migrants from coming into the United States.
Trump already gave Davos a taste of what is to come since his inauguration on Monday, which coincided with the WEF’s first day: tariff threats against Mexico and Canada, the US withdrawal from the Paris climate pact,
Trump's virtual appearance at the World Economic Forum annual meeting in Davos was full of promises and threats.
Canada can avoid tariffs if it becomes a state of the US, president tells business leaders at the World Economic Forum.
Bloomberg's Laura Davison shares her thoughts on President Trump's speech at Davos, the possibility for some type of tariff plan on Mexico & Canada to be announced on February 1st, and a federal judge blocking Trump's order on birthright citizenship.
Despite fears that the tariffs could spark a global trade war and reignite inflation domestically, Jamie Dimon, CEO of JPMorgan Chase, said they could protect American interests and bring trading partners back to the table for better deals for the country,
Dimon's comments Wednesday come as Trump has threatened to impose a 25 percent tariff on products from Mexico and Canada by February 1 and a 10 percent tariff on Chinese imports. Earlier Wednesday, Trump also teased the notion of imposing "taxes, tariffs, and sanctions" on Russia if it doesn't end its war against Ukraine.
Volkswagen will need to make additional investments in the United States to hit its target of doubling market share in the country, its CFO Arno Antlitz said on the sidelines of the World Economic Forum (WEF) in Davos,
FOX 13's Kailey Tracy reports on President Donald Trump's signing of an executive order that renames the Gulf of Mexico as the Gulf of America in the eyes of the federal government.
Donald Trump will mark his return to the global stage with a virtual World Economic Forum appearance in Davos next week, as world leaders await details of the incoming U.S. President's policies and his pledge to end the war in Ukraine.
The world is changing, and Europe must adapt if it wants to remain relevant. Donald Trump is just the clearest expression of this. What the continent can learn from this year's World Economic Forum meeting in Davos.