Start Here Amid Tariff Threats, Trump Heads to Davos
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Jan 21, 2026 
Rachel Scott, ABC News senior political correspondent, provides on-the-ground insights from Davos, highlighting President Trump's controversial remarks and their impact on global leaders. Matt Rivers discusses the fallout from subpoenas issued to Minnesota officials regarding ICE operations, revealing local tensions. Peter Haralambos covers the Uvalde trial, detailing courtroom drama and crucial witness testimonies as the case nears jury deliberation. A mix of international politics and local crises makes for a captivating discussion.
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Davos Shifted From Ukraine To U.S. Concerns
- Davos conversations shifted from Ukraine to concerns about U.S. actions toward Greenland and tariffs harming alliances.
- European leaders publicly criticized President Trump and worried U.S. moves threaten the postwar order.
Tariffs Risk Harming U.S. Consumers
- Tariff threats from the U.S. rattled markets and prompted public pushback from European officials at Davos.
- Economists warn tariffs mainly burden U.S. consumers and businesses despite claims of revenue gains.
De-Escalate Trade Tensions Quickly
- Take a measured approach and avoid immediate escalation when trade tensions rise, Treasury officials urged at Davos.
- Sit back, take a deep breath, and let things play out to reduce market panic and diplomatic fallout.