Europe must be prepared for Trump tariffs, European Central Bank chief warns

• 

  At Davos, Banks Describe Trump ‘War Rooms’ to Prepare for Upheavals

  The president’s freewheeling, off-the-cuff proclivities will likely have big effects on markets, and top bankers are getting ready for potential volatility.
  
  Inc. - 14h
• 

  How Mexico Is Preparing for Tariffs Negotiations With Trump

  President Claudia Sheinbaum is detaining more migrants, seizing more fentanyl and positioning her country as a key ally against China. But the U.S. stance has shifted, too.
  
  The New York Times - 2d

• Europe must 'wake up' and boost competitiveness — or risk falling behind in the Trump era, CEOs warn

  European business chiefs warned Tuesday that the region risks falling behind its counterparts in the U.S. and Asia.
  
  CNBC - 1d

• Trump's Tariff Threats Push Europe to Gear Up for Trade Fight

  U.S. duties could nudge the European Union toward protectionist measures and away from free trade.
  
  The Wall Street Journal - 3d
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  Canada Prepares for Trump Tariff Threat With Three-Stage Plan

  Canadian officials are preparing retaliatory measures if the new U.S. administration imposes tariffs on Canadian imports.
  
  The New York Times - 4d

• Brompton chief warns axing tariffs on Chinese bicycles could ‘kill’ business

  Flood of cheaper products could hit an industry already struggling with stagnant post-pandemic demand
  
  Financial Times - Jan. 10
• 

  EU leaders warn Trump not to meddle with Europe’s borders

  Comments from German Chancellor Olaf Scholz and French foreign minister follow US president-elect’s Greenland threats
  
  Financial Times - Jan. 8

• Nippon Steel chief warns Trump that tariffs alone will not strengthen US industry

  Eiji Hashimoto says legal action against blocking of takeover aimed at winning another review under new administration
  
  Financial Times - Jan. 7

• FirstFT: China’s central bank prepares for historic monetary policy shift

  Also in today’s newsletter, cold winter snap stokes US heating prices and a shake-up at the top of Meta
  
  Financial Times - Jan. 3

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• Ceasefire deal with Hamas is not a strategic victory for Israel, economy minister says

  Nir Barka also said that former U.S. President Joe Biden "restrained Israel," and expressed optimism about support from President Donald Trump.
  
  CNBC - 14m

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  Renewable energy giants appear relatively sanguine about U.S. President Donald Trump's anti-wind policies.
  
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