US President Donald Trump delivered a virtual address at the World Economic Forum on Thursday, held in Davos, Switzerland. He engaged in a discussion with prominent business leaders, including Bank of America CEO Brian Moynihan and Blackstone Group CEO Stephen Schwarzman.

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,

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.

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,

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.

U.S. President Donald Trump on Monday said he was thinking of imposing 25% tariffs on imports from Canada and Mexico because they were allowing many people to cross the border as well as fentanyl.

Chancellor Olaf Scholz voiced cautious optimism on Tuesday on the potential for German-U.S. relations under President Donald Trump, citing good first talks with his administration, but stressed the importance of "cool heads" in the face of uncertainty.

FOX 13's Kailey Tracy reports on President Donald Trump's signing of an executive order that renames the Gulf of Mexico as the Gulf of America in the eyes of the federal government.

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

On Tuesday, Trump threatened a 10 percent tariff against China “based on the fact that they’re sending fentanyl to Mexico and Canada,” and said he was considering tariffs against the European Union over a $350 billion trade deficit. But at Davos, these threats did not go over well.