World Economic Forum attendees in Davos expressed growing concerns about President Donald Trump’s proposed tariff policies, warning of potential economic disruptions and uncertainty as he begins his second term.
At the 2025 World Economic Forum (WEF) in Davos, Switzerland, attendees expressed apprehension about the potential economic uncertainties stemming from the Trump administration’s proposed tariff policies.
President Donald Trump, sworn in for a second term on Monday, has pledged to impose additional tariffs on various trading partners. Critics fear this approach could burden American businesses and strain international trade relationships.
"I think he's proposing lots of tariffs. We'll see how much of that actually plays out," said Andy Merrill, partner at Prosek. "Often a lot of what he says turns out to be less dramatic than what he originally said."
Emily Gallagher, a WEF attendee from New York, highlighted the broader economic implications. "His love of tariffs is really going to affect the U.S. economy, imports, and exports, and definitely our relationships with other countries," she said.
Floriane Lavaud, senior partner at Withers, voiced concern over the rapid changes the administration might bring. "There’s going to be a lot of uncertainty. Recent statements have caused fear that things will move very quickly," she noted.
John Quelch, executive vice chancellor of Duke Kunshan University, pointed to Trump’s unpredictability. "President Trump brings a fresh perspective to almost every issue. And no one knows exactly what that perspective is," he said.
As the Trump administration’s policies begin to unfold, businesses and global leaders remain watchful of the potential ripple effects on the global economy.
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SOCAR’s Carbamide plant in Sumgayit has been recognised by the World Economic Forum (WEF) as a Global Lighthouse site, marking Azerbaijan’s first inclusion in the Forum’s flagship Industry 4.0 network.
"When the rules no longer protect you, you must protect yourself,” Canadian Prime Minister Mark Carney said in Davos on Tuesday (20 January), a speech that resonated at home and heightened tensions with U.S. President Donald Trump, who later withdrew Canada’s invitation to the Board of Peace.
President Donald Trump said on Thursday that the United States has an "armada" heading toward Iran but hoped he would not have to use it, as he renewed warnings to Tehran against killing protesters or restarting its nuclear programme.
NATO’s new 5% of GDP defence pledge shows renewed unity and focus on collective security, Deputy Secretary General Radmila Shekerinska told AnewZ in an exclusive interview. It came as U.S. President Donald Trump used his WEF address to again claim credit for pushing allies to lift defence spending.
Iran’s Supreme National Security Council Secretary Ali Larijani said the United States could evaluate its own interests separately from those of Israel in ongoing negotiations between Tehran and Washington.
U.S. Secretary of State Marco Rubio on Sunday (15 February) called it “troubling” a report by five European allies blaming Russia for killing late Kremlin critic Alexei Navalny using a toxin from poison dart frogs.
Cuba’s fuel crisis has turned into a waste crisis, with rubbish piling up on most street corners in Havana as many collection trucks lack enough petrol to operate.
Norway is holding a commanding lead in the medal standings with 12 golds and a total of 26, with Italy having an historic performance on home soil on the ninth day of the Milano-Cortina Winter Olympics on Sunday (15 February).
Iran is pursuing a nuclear agreement with the U.S. that delivers economic benefits for both sides, an Iranian diplomat was reported as saying on Sunday (15 February), days before a second round of talks between Tehran and Washington.
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Australian Prime Minister Anthony Albanese said his government would not assist Australian families of suspected Islamic State (IS) militants return home from a Syrian camp.
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Representatives of Ukraine, Russia and the United States are set to meet in Geneva for a third round of trilateral negotiations aimed at ending the nearly four-year war, even as both sides intensify military pressure on the ground.
Canadian Prime Minister, Mark Carney, announced on 16 February that the Honourable Janice Charette has been appointed as the next Chief Trade Negotiator to the United States. She's been tasked with overseeing the upcoming review of the Canada-United States-Mexico Agreement (CUSMA).
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