Trump has threatened to deploy the US special forces to Mexico to take out drug cartels, and said in Davos that the US was also “dealing with Mexico very well”. His approach has had a dramatic effect on what are usually routine amendment procedures in most trade deals, Shoyer said.

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,

Donald Trump told an audience at the World Economic Forum in Davos, Switzerland, Thursday that every international business needs to make their products in the United States, or face tariffs. “My message to every business in the world is very simple: Come make your product in America and we will give you among the lowest taxes of any nation on Earth,

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.

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.

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,

A speech by U.N. Secretary-General Antonio Guterres criticizing fossil fuel use and warning of the perils of artificial intelligence has headlined the agenda at the World Economic Forum’s annual event

Midwest gas prices are especially to be impacted if Trump's threatened 25% tariffs with Canada and Mexico are imposed.

Von der Leyen insisted that the United States remains an important partner, taking a conciliatory tone in a speech to the annual meeting of global elites in Davos, Switzerland. The EU's "first priority will be to engage early, discuss common interests, and be ready to negotiate" with Trump, she said.

President Trump in his first four days of a second term, made headlines with actions that altered US policies. From cracking down on immigration to reshaping energy and foreign relations, these moves set the stage for a contentious term.