JANUARY 21 2026

Trump backs off tariff threats and hails 'framework of a future deal' on Greenland

President Trump announced at the World Economic Forum in Davos that he has formed the framework of a future deal regarding Greenland and the Arctic, leading him to back off threats of imposing tariffs on regional countries. He clarified that he would not use excessive force to acquire Greenland, stating, "I won't use force." Trump also criticized European values, suggesting they have declined and are not recognizable, contrasting them with his vision for the United States. He reiterated his stance that U.S. ownership of Greenland is vital for national security, referring to it dismissively as a "piece of ice" that Denmark should cede. This diplomatic approach followed a period of antagonism towards allies, including a public exchange with Canadian Prime Minister Mark Carney over tariffs and Greenland. Trump also discussed his "Board of Peace" initiative, aimed at ending the Israel-Hamas conflict, which has drawn criticism for its membership requirements and Trump's perpetual chairmanship. In terms of economic messaging, Trump urged Congress to pass bills to lower costs, including those related to housing and capping credit card interest rates. He also highlighted his efforts to make America the "crypto capital of the world" and reduce prescription drug costs.

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