Trump Withdraws Tariff Threats, Rules Out Greenland Seizure

Trump withdraws tariff threats against Europe and rules out Greenland seizure, sparking a global market rally as investors reduce geopolitical risk hedges.

Insights:
In a significant policy shift, President Donald Trump donald trumpannounced on January 22, 2026, the withdrawal of tariff threats against eight European Union member states and ruled out the forceful acquisition of Greenland DKDK. This announcement was made during an interview on Fox Business Network from the World Economic Forum in Davos. The statement marks a reversal from his aggressive stance earlier in the week, which had caused sharp selloffs in global markets.
A specialist trader works at his post on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 21, 2026. REUTERS/Brendan McDermid
A specialist trader works at his post on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 21, 2026. REUTERS/Brendan McDermid
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