All articles tagged with #davos
Despite hosting a global AI summit, India remains a bystander in the race to build frontier AI models, with rhetoric about tech prowess not matched by investment in compute, data policy, and talent; a Davos exchange with the IMF chief highlighted the gap between aspiration and delivery and argues for a coherent strategy that leverages India’s strengths while addressing infrastructure and regulatory hurdles.
After a controversial Davos appearance, the piece argues that Trump’s presidency has eroded U.S. credibility, leaving America isolated as China and India rise and new trade blocs form with Europe and other partners, suggesting a shifting global order where the U.S. no longer reliably leads the world.
Amid U.S. volatility, Canada’s Mark Carney calls for diversifying trade and reducing dependence on the United States by expanding partnerships with Asia, Latin America, and other middle powers, including a China deal; Canada has begun signing new deals and aims to double non-U.S. trade by the end of the decade, effectively forming a united front among middle powers to cope with a changing global order.
Canadian Prime Minister Mark Carney says he meant what he said in Davos, pushing back on Scott Bessent’s claim that he privately walked back his remarks. He confirmed a call with Trump that touched on the Ukraine war, Arctic security, and Canada’s new partnerships, including deals with China. Trump criticized Carney, rescinded Canada's invitation to his “Board of Peace,” and threatened a 100% tariff on Canadian imports if Ottawa strikes a deal with China, while Carney says Canada does not intend to pursue a free-trade deal with China and has been building international partnerships.
Canadian Prime Minister Mark Carney says he meant what he said in Davos about unconstrained powers and did not walk back his remarks in a call with President Trump, disputing a report by Scott Bessent; the call touched on topics from Ukraine and Venezuela to Arctic security and the USMCA, with Carney stressing Canada understood and was responding to shifts in U.S. trade policy.
Canadian Prime Minister Mark Carney says he meant his Davos remarks and will pursue 12 new trade deals across six months to diversify Canada’s exports away from the United States, signaling a broader strategy that includes talks with China while fending off Trump’s tariff threats and eyeing markets in India, Australia and beyond.
Canadian Prime Minister Mark Carney defended his Davos World Economic Forum address urging middle powers to stand up to U.S. hegemony, insisting he meant what he said as Canada recalibrates its trade relationship with the United States under the USMCA and expands overseas ties; Trump publicly rebuked him, suggesting he walked back remarks and threatening tariffs, with Treasury Secretary Scott Bessent saying Carney should pursue Canada’s interests rather than a so-called globalist agenda.
Canadian Prime Minister Mark Carney allegedly walked back some comments from his Davos speech about a rules-based global order during a call with U.S. President Donald Trump, according to U.S. Treasury Secretary Scott Bessent. Trump then revoked Canada’s invitation to a “Board of Peace” and warned of a 100% tariff on Canadian goods if Ottawa pursues a China trade deal, while Carney’s office did not immediately comment and Davos attendees gave him a standing ovation for his broader call for middle powers to act together.
At Davos, Mark Carney framed the moment as a rupture from American-led multilateralism and urged Canada to act as a ‘middle power’ in opposition to Trump’s push for a more dominant U.S. role, invoking Vaclav Havel and criticizing “the power of the powerful.” The piece notes initial emotional reaction but, after rereading the transcript, the author doubts the utopian impulse and cautions against cynically romantic nationalism.
At Davos, tech leaders pitched globally distributed AI infrastructure and far-reaching adoption, while investor interest funds yet-unlaunched startups, raising concerns about an AI bubble; separately, Texas’ lax autonomous-vehicle oversight allows Tesla robotaxis to operate with minimal regulatory hurdles, contrasting California’s stricter testing and authorization landscape and illustrating a patchwork regulatory environment around AI-driven transport.
At the World Economic Forum in Davos, President Trump told reporters he would raise tariffs on some South Korean goods to 25%, signaling a tougher stance on trade with the ally as he travels back to Washington.
Axios reports that Prime Minister Benjamin Netanyahu blocked President Isaac Herzog from attending the launch of Donald Trump's Gazan Board of Peace at Davos; Trump chairs the board and has invited other world leaders, saying it will address Gaza and other global challenges in coordination with the UN, while Canada’s invitation to join BoP was withdrawn.
Canadian Prime Minister Mark Carney says Canada has no plan for a free-trade pact with China, despite a narrow tariff-cut with Beijing, while U.S. President Trump threatens 100% tariffs on Canadian goods if such a deal proceeds. Canada previously imposed 100% tariffs on Chinese EVs and 25% on steel/aluminum; China retaliated against Canadian canola oil, meal, pork and seafood. The new arrangement caps Chinese EV imports at an initial 49,000 vehicles at 6.1% tariff, expected to rise to about 70,000 over five years, with China likely to invest in Canada’s auto sector within three years.
Prime Minister Benjamin Netanyahu refused a White House request to seat President Isaac Herzog onstage at the Davos launch of Trump's Gaza Board of Peace, despite an invitation list of 58 countries; Herzog attended the ceremony while Netanyahu stayed away amid ICC arrest-warrant concerns, and tense White House talks reportedly failed to change the decision as Kushner and Witkoff shifted focus to the Rafah crossing.
At Davos, Treasury Secretary Scott Bessent acted as the administration’s market whisperer, publicly defending Trump’s Greenland tariff pressure as a national-security lever and urging investors not to overreact, while privately reassuring Wall Street and steering a neutral four-way Fed chair shortlist. His aggressive public stance aimed to show market steadiness even as tariffs fluctuated, helping markets recover after early volatility and underscoring his central role in balancing Trump’s economic agenda with financial-market expectations.