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

The European Union has announced a proportional response to any tariffs imposed by U.S. President Donald Trump. EU Commissioner for the Economy Valdis Dombrovskis emphasizes that the Union is ready to defend its economic interests.

Spain’s Prime Minister Pedro Sanchez said the EU should put an end to anonymity of users in social media platforms and hold their CEOs personally accountable if they fail to comply with the bloc’s regulations.

China's Vice-Premier Ding Xuexiang at the 55th annual World Economic Forum meeting in Davos, Switzerland, January 21, 2025. REUTERS/Yves Herman China does not pursue a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday.

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.

Business Insider's diary takes you behind the scenes on day three of the World Economic Forum in Davos.

Mr Merz argued the need “to negotiate with the American side from a position of strength”. Read more at straitstimes.com.

The European Union is working on a proposal for bloc-wide purchase incentives for electric vehicles to support the bloc’s struggling automakers, German Chancellor Olaf Scholz said Tuesday.

Ukrainian president calls on European politicians to “be more than just bystanders” who are “reduced to posting on X after an agreement has already been made.”

EU chief Ursula von der Leyen declared Tuesday that Europe was ready to negotiate with US President Donald Trump but the bloc will also seek to improve ties with China and other nations as global competition heats up.

DAVOS, Switzerland — Long maligned as out-of-touch plutocrats, thousands of World Economic Forum regulars are descending on the exclusive Swiss ski resort of Davos this week with a spring in their step, electrified by Donald Trump’s Jan. 20 return to ...