Politics1/21/2026•Bloomberg

Trump Backs Off Greenland Tariffs, Citing ‘Framework’ Deal | Bloomberg Businessweek Daily 1/21/2026

Trump Backs Off Greenland Tariffs, Citing ‘Framework’ Deal | Bloomberg Businessweek Daily 1/21/2026

In a speech at the World Economic Forum in Davos, President Trump reiterated his "America First" policy, causing market turmoil and reactions from the European Union. The president announced a "framework" deal regarding Greenland, backing off previous tariff threats. Bloomberg experts discussed the EU's response, Schwab's recent earnings, and the potential future of the Federal Reserve leadership. The episode covered the continued tensions between the U.S. and its allies, as well as the economic implications of the president's policies and announcements.

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