President Trump posted on Truth Social that following a phone call with the Secretary General of NATO, Mark Rutte, he will have a meeting at the World Economic Forum in Davos with various parties concerning Greenland.
“As I expressed to everyone, very plainly, Greenland is imperative for National and World Security. There can be no going back — On that, everyone agrees! The United States of America is the most powerful Country anywhere on the Globe, by far,” Trump posted.
Trump has also threatened 200% tariffs on French wine and champagne, while doubling down on his Greenland pursuit, after France’s leader Emmanuel Macron rejected Trump’s call to join his peace initiative.
“Nobody wants him because he’s going to be out of office very soon,” Trump told reporters Monday. “I’ll put a 200% tariff on his wines and champagnes, and he’ll join.”
Earlier on Monday, a letter from Trump to the Norwegian Prime Minister Jonas Gahr Store was published by Bloomberg and seemed to link Trump’s rationale for wanting to purchase Greenland with the fact that he didn’t win the Nobel Peace Prize.
“Considering your Country decided not to give me the Nobel Peace Prize for having stopped 8 Wars PLUS, I no longer feel an obligation to think purely of Peace,” Trump says in the letter obtained by Bloomberg.
EU capitals have entered discussions to implement tariffs of up to $108 billion on American products after Trump posted his plan to levy new tariffs on Europe on Saturday. Trump said the US would implement 10% tariffs on eight European countries he says are getting in the way of a US purchase of Greenland.
The tariffs would begin Feb. 1 and apply to “any and all goods sent to” the US. The levies on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland would be raised to 25% on June 1 if no agreement is in place.
Meanwhile, the US Supreme Court’s first three opportunities to issue a verdict this year on the implications and legality of Trump’s global duties on trade partners have come and gone without a decision. The high court did not hand down a ruling on Tuesday.
The Trump administration also made appeals to the court last year, and in recent weeks, Trump has frequently expressed concern over the ruling, saying losing the ability to tariff other countries would be a “terrible blow” to the US.
Read more: What Trump promised with his ‘Liberation Day’ tariffs — and what he delivered
LIVE 54 updates
Trump floats 200% champagne tariff and reveals Macron’s text
President Trump took a swipe at French leader Emmanuel Macron on Monday, saying he would put 200% tariffs on French wine and champagne following Macron’s decision not to join his peace initiative.
“Nobody wants him because he’s going to be out of office very soon,” Trump told reporters.“I’ll put a 200% tariff on his wines and champagnes and he’ll join,” he added.
Macron declined Trump’s request due to his pursuit of Greenland, sending a text to the US president.
The Trump administration established the Board of Peace for Gaza over the weekend. It consists of Russian President Vladimir Putin, Argentine President Javier Milei, and Canadian Prime Minister Mark Carney. Other invitees include Turkey’s President Recep Tayyip Erdogan and Brazil’s leader Luiz Inacio Lula da Silva.
Bloomberg News reports:
Supreme Court does not issue tariff ruling today
The Supreme Court issued three opinions on Tuesday, but none of them were the highly anticipated ruling on whether President Trump has the authority under the International Emergency Economic Powers Act (IEEPA) to issue tariffs.
The court heard oral arguments on the case, formally called Learning Resources, Inc. v. Trump, in November of last year and is expected to deliver an opinion before June. The Supreme Court did not say when the next decision day will be.
If the Supreme Court strikes down the tariffs, it could result in the US repaying more than $130 billion in tariff refunds. A negative ruling against Trump would be one of the largest legal blows to the administration’s policies so far. If that were to happen, “WE’RE SCREWED!” the president posted on Truth Social earlier this month.
Trump says he will meet with ‘various parties’ in Davos concerning Greenland
President Trump posted on Truth Social that, following a phone call with the Secretary General of NATO, Mark Rutte, he will have a meeting at the World Economic Forum in Davos with various parties concerning Greenland.
“As I expressed to everyone, very plainly, Greenland is imperative for National and World Security. There can be no going back — On that, everyone agrees! The United States of America is the most powerful Country anywhere on the Globe, by far,” Trump posted.
“Much of the reason for this is a rebuilding of our Military during my First Term, which rebuilding continues at even more expedited pace. We are the only POWER that can ensure PEACE throughout the World — And it is done, quite simply, through STRENGTH! PRESIDENT DONALD J. TRUMP,” Trump added.
EU tells Trump ‘a deal is a deal’ as Greenland threats escalate
Market reaction to Trump’s Greenland threats
President Trump’s pursuit of Greenland has caused widespread concern, with European leaders expressing confusion at the president’s actions and protests taking place in Greenland. Markets have also been affected by the Trump administration’s latest moves.
Here’s how different pockets are reacting to Trump’s latest pursuit.
US futures: Nasdaq 100 futures (NQ=F) fell as much as 2%, while the Dow Jones Industrial Average futures (YM=F) pulled back 1.6% and S&P 500 futures (ES=F) fell 1.8%, as trade tensions escalated due to Trump’s Greenland threats.
Bonds: Bond prices dropped, as the threats made US investments look less attractive and raised fears that prices for goods would rise. The biggest losses were in long-term bonds; the 30-year Treasury yield rose to above 4.90%.
Dollar: The dollar fell to its lowest level in two weeks and currency hedging costs climbed as President Donald Trump showed no signs of backing down in his campaign for control of Greenland and threatened new tariffs on France.
French wine and champagne makers: Shares of French firms that make or are exposed to wine and spirits were hit. Champagne Luxury giant LVMH (MC.PA) — the owner of beverage brands like Veuve Clicquot (VRV.F) and Krug — was 2% lower, while peer Remy Cointreau (RMC.BE) shed 2%, and Laurent-Perrier (LPE.DU) dipped 1%.
Gold: Gold (GC=F) rose past $4,700 an ounce to a record high, while silver also reached an all-time peak.
Trump repeats Greenland claims, says EU won’t push back hard
President Trump doubled down on his pursuit of Greenland on Monday, speaking in Florida, he said the EU won’t resist too much.
Bloomberg News reports:
US Treasury Secretary Bessent brushes off ‘hysteria’ over Greenland-spurred trade war
Mon, January 19, 2026 at 10:00 PM UTC EU weaponizing US assets a risk: Deutsche Bank
Deutsche Bank (DB) has warned that if President Trump keeps up his threats of tariffs on Europe over Greenland, the European governments might start selling off their US assets, worth around $8 trillion. The results could lead to a weaker US economy and dollar. The move could also make the euro stronger, as investors move their money out of the US and back into Europe.
Bloomberg News reports:
Mon, January 19, 2026 at 6:00 PM UTC Goldman economists see limited US tariff hit to European growth
Mon, January 19, 2026 at 1:59 PM UTC Americans bear almost all the cost of Trump tariffs
A study, conducted by a German think tank, has concluded that American importers are paying almost entirely for President Trump’s tariffs on imported goods.
Bloomberg news reports:
Mon, January 19, 2026 at 10:18 AM UTC Trump links Greenland threats to Nobel Peace Prize snub
President Trump has claimed in a letter to the Norwegian Prime Minister Jonas Gahr Stor that his desire to purchase Greenland is due to his not being awarded the Nobel Peace Prize.
Trump initially said that his claims on Greenland related to reasons of national security; some have claimed it may come down to Greenland’s supply of natural minerals.
Bloomberg News reports:
Mon, January 19, 2026 at 10:11 AM UTC Europe can wield this $8T ‘sell America’ weapon as Trump reignites a trade war over Greenland
As the EU weighs retaliatory measures against President Trump due to his 10% tariff threat, experts believe the EU’s greatest weapon in its arsenal may be its financial markets.
Fortune reports:
Mon, January 19, 2026 at 10:06 AM UTC EU eyes tariffs on $108 billion of US goods over new Trump threat
The European Union is looking to impose tariffs on $108 billion of US goods after President Trump threatened to hit European countries with a 10% levy. Relations between the EU and the US started to unravel over the weekend as Trump continued his pursuit of Greenland. The US president said he would unleash 10% tariffs on goods from eight European countries starting from February 1, rising to 25% in June, unless a deal is struck on the “purchase of Greenland.”
Trump issued the threat after the EU said it would undertake token NATO military planning exercises in the semi-autonomous Danish territory.
It’s not just tariffs that the EU is looking to impose. Its 27 countries met Sunday to discuss options; the union is also weighing additional countermeasures beyond the tariffs.
Trump has been keen to purchase Greenland since he returned to office, framing it as essential for national security reasons and saying he will take the island the “easy way” or the “hard way
Bloomberg reports:
Mon, January 19, 2026 at 12:15 AM UTC EU poses retaliation tariffs against US totaling $107B
European capitals may hit the U.S. with 93 billion euros ($107.71 billion) worth of tariffs or restrict American companies from the bloc’s market in response to U.S. President Donald Trump’s threats to NATO allies opposed to his campaign to take over Greenland, the Financial Times reported on Sunday.
The retaliation measures are being drawn up to give European leaders leverage in pivotal meetings with Trump at the World Economic Forum in Davos this week, the FT report said, citing officials involved in the preparations for the meetings in Switzerland.
Sun, January 18, 2026 at 5:19 PM UTC Bessent dismisses ‘weak’ Europe pushback on Trump plan to annex Greenland
US Treasury Secretary Scott Bessent on Sunday dismissed European countries’ threat to nix a trade deal negotiated last year between the EU and the US as President Trump announced new tariffs to force a sale of Greenland to the US. Bessent made the remarks on NBC’s Meet the Press, Reuters reported:
Sun, January 18, 2026 at 4:19 PM UTC ‘Europe will not be blackmailed’: countries consider countermeasures to new Trump tariffs
To no one’s surprise, European Union states roundly condemned President Trump’s plan to implement new tariffs on eight European countries until the U.S. is allowed to buy Greenland. The countries — Denmark, Sweden, France, Germany, the Netherlands and Finland, Britain and Norway — are already subject to US tariffs between 10% and 15%, and have sent military personnel to Greenland in a show of support for the island, a territory of Denmark.
“Tariff threats undermine transatlantic relations and risk a dangerous downward spiral,” the eight nations said in a joint statement Sunday.
Sun, January 18, 2026 at 3:29 PM UTC ‘The U.S.-EU trade war is back on’: Trump plan for new tariffs over Greenland set to jolt markets
President Trump said Saturday that the US would impose 10% tariffs on eight European countries “until such time as a Deal is reached for the Complete and Total purchase of Greenland, effective Feb. 1. The tariffs would be raised to 25% if no agreement is in place by June 1, the president said.
European leaders and the governments of Greenland and Denmark have strongly pushed back against Trump’s quest to acquire the Arctic island, with his latest focus on a purchase of the country, which is an independent territory of Denmark.
Reuters reports that markets are beginning to react to the news, which threatens to upend a recent trade agreement between the EU and US.
Sat, January 17, 2026 at 5:00 PM UTC Trump says US will levy 10% tariff on most of Europe over quest to purchase Greenland
In a lengthy Truth Social post Saturday morning, President Trump said the US would impose 10% tariffs on eight European countries “until such time as a Deal is reached for the Complete and Total purchase of Greenland.”
The tariffs would begin Feb. 1, the president wrote, and will apply to “any and all goods sent to” the US. The levies on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland would be raised to 25% on June 1 if no agreement is in place.
Trump alluded to the levies Friday during a roundtable event on healthcare, but did not offer specifics on which countries and how much. Germany, France, Sweden, and Norway have committed to sending military personnel to Greenland for what they called a reconnaissance mission. Greenland is an autonomous territory within Denmark, and the Danish foreign minister has said there is still “fundamental disagreement” with the US about control of Greenland.
But Trump has insisted that the US “needs” the island country to prevent expansion into the region by Russia and China. He repeated the claim on Saturday.
“World Peace is at stake! China and Russia want Greenland, and there is not a thing that Denmark can do about it. They currently have two dogsleds as protection, one added recently. Only the United States of America, under PRESIDENT DONALD J. TRUMP, can play in this game, and very successfully, at that!”
Reuters reported later Saturday that ambassadors from the EU’s 27 countries would hold an emergency meeting on Sunday in light of Trump’s latest remarks.
Read more: Trump vows tariffs on eight European nations over Greenland
Fri, January 16, 2026 at 4:25 PM UTC Trump floats tariffs on countries that ‘don’t go along with’ Greenland takeover
President Trump suggested on Friday that the US may impose new tariffs on countries that oppose a US acquisition of Greenland.
“I may put on a tariff on countries if they don’t go along with Greenland because we need Greenland for national security,” Trump said at a roundtable event on healthcare (see clip below).
Trump didn’t offer any specific details about what the tariff would look like and moved on from the topic to talk about healthcare instead.
His comments follow tense talks between officials from the US and Denmark, which is responsible for Greenland’s defense, about the autonomous territory’s future.
Trump has renewed his interest in taking control of Greenland following the US strike on Venezuela that removed its leader, Nicolás Maduro. “One way or the other, we’re going to have Greenland,” Trump said previously, noting that he’d prefer a negotiated settlement.
Since the talks at the White House, NATO countries Germany, France, Sweden, and Norway have committed to sending military personnel to the island for what they have called a reconnaissance mission. Denmark’s foreign minister has said that Denmark and Greenland “still have a fundamental disagreement” with the US about control of the island.
Fri, January 16, 2026 at 12:44 PM UTC Taiwan touts ‘best tariff deal’ with US amid Beijing’s objections
Taiwan’s Premier Cho Jung-tai praised the country’s new trade deal with the US, saying it’s the “best tariff deal” enjoyed by countries that sell more to the US than they buy. The Trump administration has targeted countries that tend to export more to the US than they import — in other words, have a large trade surplus.
However, China is less than happy with the deal; Beijing views Taiwan as a Chinese territory and therefore opposes the latest agreement.
Euronews reports: