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,

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.

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.

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.

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

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

Trump reiterates February 1st date for Canada and Mexico tariffs. Trump's crypto working group to study a US digital asset stockpile.

CUMESH MOODLIAR: Absolutely. I think, Jeremy, that the age of SA exceptionalism is over, the world is not just going to support us because it’s a good thing to do. There’s got to be a clear commercial rationale and there has to be a sound governance framework for that to take place.

Global crude prices were on course to finish the end of US President Donald Trump’s first working week back in the White House lower as concerns over how his economic policies may affect global energy demand offset supply fears linked to a wave of sanctions on the Russian oil industry.