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Trump to address Davos remotely, take CEO questions
Jan 23, 2025 7:15 AM

Jan 23 - 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 ( BAC ) CEO Brian Moynihan and Blackstone Group CEO

Stephen Schwarzman.

The remarks, Trump's first major speech to global business

and political leaders, are scheduled for 11 a.m. Eastern time

(1600 GMT), according to the meeting schedule.

Other participants in what is billed as a subsequent

dialogue include TotalEnergies CEO Patrick Pouyanne, WEF CEO

Borge Brende and WEF founder Klaus Schwab.

Business leaders are eager to hear more about Trump's

concrete plans on tariffs, after he threatened broad import

duties and suggested they could start Feb. 1.

Trump's nationalist instincts have been on full display

since he took office on Monday.

The newly inaugurated president has moved quickly to crack

down on immigration, expand domestic energy production, and has

threatened to impose steep tariffs on the European Union, China,

Mexico and Canada.

Trump has also withdrawn the United States from the World

Health Organization and the Paris climate agreement. He says he

will rename the Gulf of Mexico as the Gulf of America, though

other countries may not adopt the new name. He has also

threatened to take back the Panama Canal from Panama.

He has pardoned more than 1,500 supporters who attacked the

U.S. Capitol on Jan. 6, 2021, in an unsuccessful effort to

overturn his 2020 election loss, drawing outrage from lawmakers

and police whose lives were at put at risk.

Trump is moving to dismantle diversity programs within the

U.S. government and is pressuring the private sector to do so as

well. That has left some in Davos searching for new words to

describe workplace practices that they say are essential to

their businesses.

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