Global trade flows will suffer from "interesting ructions" as the new administration of U.S. President Donald Trump settles in, Standard Chartered CEO Bill Winters said during a panel session at the World Economic Forum in Davos on Tuesday.

World leaders congratulated President Donald Trump on his inauguration Monday, with many urging stronger alliances or continued cooperation between their countries and the United States, in carefully crafted social media posts and statements.

U.S. President Donald Trump will not impose his promised tariffs on Canada, Mexico or China on his first day in office, according to multiple U.S. reports, giving this country something of a reprieve,