The coronavirus remains among the top concerns as Squawk Box kicks off another day of coverage from the World Economic Forum. China imposes a travel ban on the city of Wuhan, as Beijing confirms nearly 600 cases and 17 deaths from the virus. However, the World Health Organisation holds off from declaring the outbreak a global health emergency.

President Trump takes the fight to Davos. U.S. Treasury Secretary Steven Mnuchin tells CNBC on a panel moderated by Geoff Cutmore that he will impose tariffs on European car companies should the UK and Italy go ahead with plans to introduce a digital tax. UK Chancellor Sajid Javid is forced to confirm that Britain will indeed roll out the planned levy in the spring, while Italian Finance Minister Roberto Gualtieri tells Steve Sedgwick that the EU will be a tough negotiator but would use more conciliatory methods than the US.

We also hear exclusively from the chairman of Chinese conglomerate Fosun International, Guo Guangchang, who says conflicts between Beijing and Washington will remain, as Secretary Mnuchin declines to set a deadline for the Phase 2 negotiations.

And in Frankfurt, ECB president Christine Lagarde is poised to launch the bank's first strategy review in 16 years, as JP Morgan CEO Jamie Dimon tells CNBC his one big worry is negative rates.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.