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US: Davos attendees fear economic uncertainty under Trump's presidency

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Washington, United States - January 20, 2025 Attendees at the ongoing 2025 World Economic Forum (WEF) Annual Meeting in Davos, Switzerland have expressed concerns over the potential uncertainties brought by the Trump administration, particularly regarding the proposed tariff policies. At noon on Monday, Donald Trump was sworn in as the 47th president of the United States in the Rotunda of the U.S. Capitol, beginning his second term as he returns to the White House after four years. Trump has repeatedly vowed to implement additional tariffs on a broad range of trading partners, raising concerns that the burden of tariffs will fall on American businesses. Emily Gallagher, an attendee from New York, voiced similar concerns, emphasizing the potential impact on the U.S. economy. Floriane Lavaud, a senior partner with the international law firm Withers, also shared her concern about the uncertainty after Trump's inauguration. Others believe that the unpredictability will likely extend to various areas, given Trump's tendency to tackle issues in unconventional and unexpected ways. Shotlist: Washington D.C., USA - Jan 20, 2025: 1. Various of capitol building, traffic; Davos, Switzerland - Jan 20, 2025 2. SOUNDBITE (English) Andy Merrill, partner, Prosek (ending with shot 3): "I think he's proposing lots of tariffs. We'll see how much of that actually plays out. Often a lot of what he says turns out to be less dramatic than what he originally said, so we'll have to see."; Washington D.C., USA - Jan 20, 2025 3. Various of traffic; Davos, Switzerland - Jan 20, 2025 4. SOUNDBITE (English) Emily Gallagher, 2025 World Economic Forum Annual Meeting attendee from New York: "I think with his love of tariffs, that's really going to affect the U.S. economy. And then, of course, how imports and exports work, and that's definitely going to affect our relationships with other countries."; Washington D.C., USA - Jan 20, 2025 5. Various of capitol building, spectators; Davos, Switzerland - Jan 20, 2025 6. SOUNDBITE (English) Floriane Lavaud, senior partner, Withers: "I think there's going to be a lot of uncertainty for sure. I think he's already made statements very recently, and I think [the statements] have caused some fear that things will move very quickly after he is inaugurated."; Washington D.C., USA - Jan 20, 2025 7. Various of White House; Davos, Switzerland - Jan 20, 2025 8. SOUNDBITE (English) John Quelch, executive vice chancellor, Duke Kunshan University. "I think President Trump brings a fresh perspective to almost every issue. And no one knows exactly what that perspective is."; Washington D.C., USA - Jan 20, 2025 9. Various of security persons, capitol building. [Restriction - No access Chinese mainland]

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