In the run up to the election Trump, who described tariffs as "the most beautiful word in the dictionary," vowed hikes as high as 60 percent on Chinese goods, saying this would not only protect domestic industries but serve as critical tax revenue. Economists have pointed out such a move would raise costs for American consumers.

President Donald Trump at the World Economic Forum in Davos emphasised his desire to meet with Russian President Vladimir Putin to end the ongoing war in Ukraine. He highlighted China's significant influence in the conflict and expressed hope that China could help bring about peace.