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,
U.S. President Donald Trump will speak remotely at the World Economic Forum on Wednesday in Davos, Switzerland, delivering his first major speech to global business and political leaders. Read more at straitstimes.
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.
President Trump’s second term has gotten off to a roaring start as he continues to use unprecedented executive power to remake Washington.
Trump's virtual appearance at the World Economic Forum annual meeting in Davos was full of promises and threats.
By Echo Wang, Lananh Nguyen and Marwa Rashad DAVOS, Switzerland (Reuters) - U.S. President Donald Trump told business leaders at the World Economic Forum in Davos, Switzerland, that he wants to lower global oil prices,
Midwest gas prices are especially to be impacted if Trump's threatened 25% tariffs with Canada and Mexico are imposed.
By Echo Wang, Lananh Nguyen and Marwa Rashad DAVOS, Switzerland (Reuters) -U.S. President Donald Trump told business leaders gathered at the World Economic Forum in Davos, Switzerland, on Thursday that he is working to reverse inflation and illegal immigration while boosting fossil fuels production in the United States.
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.
President Donald Trump doubled down this week on his plans for an across the board 25% tariff on goods imported from Canada and Mexico, as well an additional 10% on China, countries that make up more than a third of US Trade.