"A Small Ask": Trump Demands Greenland at Davos, Dismisses Allies' "Ungrateful" Response
Address Highlights
• The "Economic Engine": The President proclaimed the U.S. as the "economic engine on the planet," asserting that the world "booms" when America booms. He focused heavily on domestic economic gains, claiming to have proven "so-called experts" wrong regarding inflation and growth.
• Greenland Update: He reiterated his intent to acquire Greenland for "national and world security," describing it as a "very small ask" compared to U.S. contributions to NATO. He emphasized that the island is "right smack in the middle" of the U.S., Russia, and China, and effectively part of North American territory.
• Use of Force: In a major clarification, he stated he "won't use force" to obtain the territory, despite claiming the U.S. would be "unstoppable" if he did.
• NATO Friction: He questioned whether NATO allies would support the U.S. in a crisis, stating the U.S. is "treated very unfairly" by the alliance. He specifically called out Canadian PM Mark Carney, criticizing his "ungrateful" remarks from the previous day.
• Venezuela: He predicted Venezuela would do "fantastically well" under U.S. control following the ousting of Nicolás Maduro, claiming every major oil company is looking to move in.
Market and Geopolitical Reaction
• Tariff Deadline: The President’s threat of a 10% import tariff on eight European nations starting February 1 (rising to 25% in June) remains in place unless a "Deal" for Greenland is reached.
• Safe Havens: Gold prices hit a record high, crossing the $4,800 per ounce mark during the session as investors sought shelter from the escalating trade tensions.
• European Response: European Commission President Ursula von der Leyen has vowed an "unflinching united and proportional response" to any new tariffs.
• Stock Markets: Major U.S. indices stabilized slightly after a sharp sell-off on Tuesday, though Asian and European markets remained mostly in the red during his address.
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