JPMorgan Chase CEO Jamie Dimon has changed his tune on tariffs, saying Wednesday that they're a valuable economic tool. "They're an economic weapon, you know, depending how you use it why you use it,

Davos newsletter! For Gary Cohn, Davos 2025 must feel like déjà vu. “Even when I was there eight years ago, there was always a heavy debate on tariffs,” President Donald Trump’s former top economic adviser and the current vice chairman of IBM told Bloomberg TV.

The dichotomy between the gatherings of rich and powerful at Donald Trump’s inauguration and at the World Economic Forum in Davos was stark as the world woke up to a new reality under Trump.

Officials and business executives at the annual gathering in Switzerland said the fight against global climate change would continue with or without the United States.

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 Donald Trump has once again threatened the EU with duties, and European leaders are vowing to respond in kind.

EU, German and Chinese leaders took turns defending global cooperation in Davos on Tuesday as the spectre of new trade wars looms following Donald Trump's return to the White House.

A version of this article originally appeared in Quartz’s Need to Know: Davos newsletter. To get updates on the World Economic Forum delivered straight to your inbox all week, sign up here.

A speech by the U.N. chief, economic growth potential in places like China and Russia, the challenges of artificial intelligence, and appearances by leaders from Spain to

President Donald Trump has given everyone at Davos something to talk about with his actions on the first day of his second term

British finance minister Rachel Reeves said the country's finances were now in order following her October budget, and her future instincts were for lower taxes and less regulation.

Any EU offer to buy more US goods should be backed up by a credible threat to retaliate robustly if Trump goes ahead with tariffs. If there is a full-blown trade war, the EU will have retaliatory tariffs ready: a “negative list” of US products drafted to mirror Trump’s proposed tariffs could serve as a deterrent.