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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Klaus Schwab, founder of the World Economic Forum, whose annual gathering of business and political leaders in the Swiss mountain resort of Davos became a symbol of globalisation, has resigned as chair of its trustees.
On January 20, President of Azerbaijan Ilham Aliyev sat down for an exclusive interview with China’s CGTN (China Global Television Network) during the World Economic Forum in Davos.
Azerbaijani president Ilham Aliyev met with EBRD president Odile Renaud-Basso in Davos to discuss cooperation on infrastructure, financial sector support, and renewable energy projects. A loan agreement for Ganja’s water system was signed, strengthening ties between Azerbaijan and the EBRD.
Ukrainian President Volodymyr Zelenskiy has urged European nations to deploy a peacekeeping force of at least 200,000 personnel to prevent further Russian aggression after any potential ceasefire, speaking during an interview in Davos on January 21, 2025.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Egyptian Foreign Minister Badr Abdelatty, a central mediator in ceasefire talks, dismissed Israeli suggestions that Palestinians leaving Gaza amounts to “voluntary displacement,” calling the idea “nonsense.”
South Korean President Lee Jae Myung on Saturday ordered an all-out response after hundreds of South Korean nationals were detained in a U.S. immigration raid at a Hyundai car battery plant in Georgia.
The Israeli military on Saturday urged Palestinians in Gaza City to flee south as its forces pressed deeper into the territory's largest urban centre, warning that operations were underway across the city.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 6th of September, covering the latest developments you need to know.
U.S. President Donald Trump said on Friday that India and Russia appear to have been “lost” to China after their leaders met with Chinese President Xi Jinping this week, before later clarifying that Washington had not lost New Delhi.
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