At the World Economic Forum in Davos, business and government leaders react to Trump's return to office. Yahoo Finance Senior Reporter Jennifer Schonberger reports from Davos to describe JPMorgan's (JPM) optimism for a pro-business environment under President Donald Trump despite concerns over trade.

China's Vice-Premier Ding Xuexiang at the 55th annual World Economic Forum meeting in Davos, Switzerland, January 21, 2025. REUTERS/Yves Herman China does not pursue a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday.

The U.N. chief ratcheted up his warning about climate change and said the world’s thirst for fossil fuels is a “Frankenstein monster” that spares no one, while calling for greater attention to risks posed by artificial intelligence if its ascent goes ungoverned.