Chancellor Olaf Scholz voiced cautious optimism on Tuesday on the potential for German-U.S. relations under President Donald Trump, citing good first talks with his administration, but stressed the importance of "cool heads" in the face of uncertainty.

Germany’s ambassador to Washington has warned internally of turbulent relations under Trump while German companies have sounded the alarm over threatened tariffs under the new U.S. administration.

And I will do everything in my power to ensure that it stays that way," Scholz said in a speech at the World Economic Forum in Davos, Switzerland. "My first good conversations with President Trump and also the contacts between our advisers point in this direction,

German and French leaders Olaf Scholz and Emmanuel Macron are holding bilateral talks. Topics include the new Trump administration, war in Ukraine and the conflict in the Middle East.