“No one will emerge as a winner in a trade war.” President Xi Jinping addressed the World Economic Forum in Davos and called on leaders (yes, one leader in particular) to maintain the course on globalization. He also urged countries (yes, one country in particular) to maintain commitments to the Paris climate agreement.

+ “The Davos Man has either failed to properly articulate the benefits of open trade — or the reality of open trade is more complicated than previously imagined.” Andrew Ross Sorkin in the NYT: What to Make of the ‘Davos Class’ in the Trump Era.

+ Oxfam says just eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity.