Trump Brings Greenland Fight to Davos | Balance of Power: Late Edition 01/20/2026

In a surprising move, President Trump has brought his ongoing dispute over Greenland to the World Economic Forum in Davos, Switzerland. The former U.S. Secretary of Defense, Leon Panetta, warns of the global implications of Trump's threats to impose tariffs on Greenland, a semi-autonomous territory of Denmark. Euan Rellie, the Co-Founder and Managing Partner of BDA Partners, discusses how Trump's rhetoric has been impacting financial markets, as investors grapple with the uncertainty. Meanwhile, Meredith Crowley, a Professor of Economics at the University of Cambridge, analyzes how Europe might respond to the President's Greenland threats. The article highlights the growing tension between the U.S. and its allies, as the Trump administration continues to pursue its unilateral approach to global affairs. The potential trade dispute over Greenland has sparked concerns about the ripple effects on the global economy and geopolitical stability.