Little more than a year after storming to the presidency with a mandate to rip up the rule book and do whatever was needed to turn Argentina around, Javier Milei feels vindicated in his tear-it-down approach to governing.

As U.S. President Donald Trump plans to pull out of international bodies and agreements, such as the World Health Organization and the Paris climate accord, China is capitalizing on the opportunity to fill a void left by the U.

Chinese Vice Premier Ding Xuexiang met with global finance and business leaders including Blackstone CEO Steve Schwarzman, Bridgewater Associates founder Ray Dalio and JPMorgan CEO Jamie Dimon during a private lunch in Davos on Tuesday.

During his presidential campaign, Trump pitched several ways to up tariffs on other countries. Those included a 10% to 20% tariff on all foreign imports, a 60% to 100% additional tariff on Chinese imports, and a 25% tariff on Mexican imports. Read more: How do tariffs work, and who really pays them?

The return of Donald Trump to the White House has sparked a sharp debate among experts over the future of China-US relations. Speaking at Davos, a prominent American scholar suggested that Trump's unconventional approach to diplomacy could bring about a surprising improvement in US-China ties,

"I have always said that I feel like the world is a better place and the global economy is a better economy if the US and China can figure out how to coexist," Cisco CEO Chuck Robbins told Yahoo Finance at the World Economic Forum in Davos, Switzerland.

Dimon's comments Wednesday come as Trump has threatened to impose a 25 percent tariff on products from Mexico and Canada by February 1 and a 10 percent tariff on Chinese imports. Earlier Wednesday, Trump also teased the notion of imposing "taxes, tariffs, and sanctions" on Russia if it doesn't end its war against Ukraine.

"We actually no longer call it EV. We call it EIV. 'I' stands for intelligent," Pan Jian, a cochair of CATL, told a WEF panel in Davos, Switzerland.

DAVOS: China highlighted wider opening-up, tech innovation and green transformation to boost its high-quality development featuring cutting-edge technologies and fair competition market at Davos f

There will always be border disputes in Asia, and China should not be singled out because of tensions in the South China Sea, Malaysian Prime Minister Anwar Ibrahim said Wednesday.

China is not seeking 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.