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 has threatened to deploy the US special forces to Mexico to take out drug cartels, and said in Davos that the US was also “dealing with Mexico very well”. His approach has had a dramatic effect on what are usually routine amendment procedures in most trade deals, Shoyer said.

Civil organizations on Saturday called on the government of Claudia Sheinbaum not to give in to pressure from foreign companies during her participation in the World Economic Forum (WEF) and to promote an agenda that prioritizes social justice and care for the environment.

U.S. President Donald Trump will speak remotely at the World Economic Forum on Thursday in Davos, Switzerland, and hold a discussion with business leaders including Bank of America CEO Brian Moynihan

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.

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.

Russian President Vladimir Putin has described US President Donald Trump’s threats of tariffs and sanctions against Russia as “smart and pragmatic.”