Bloomberg Daybreak: Europe Edition Greenland ‘Framework’ Deal, Trump’s Tariff Backpedal, Football Rich List Shake-Up
Jan 22, 2026
President Trump has backed off on tariffs against Europe, claiming progress toward a Greenland deal, sparking stock market rallies. Putin is ready to use frozen Russian assets to help rebuild Ukraine post-war. UK business leaders show mixed support for Keir Starmer while eyeing Nigel Farage's Reform UK. In football, English teams have dropped out of Deloitte’s Money League top four for the first time in 29 years, with analysis on why European clubs still out-earn Premier League teams. AI chatbots are now helping workers edit sensitive communications.
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Trump Backs Down On Tariff Threats
- Donald Trump announced he would not impose tariffs on European countries opposing his Greenland effort, citing a "framework of a future deal."
- The move eased market fears of a renewed trade war and helped global stocks rally.
Framework Deal Lacks Clear Details
- Details of the so-called framework deal on Greenland remain vague and were not disclosed by President Trump.
- Reports suggest compromises like US sovereignty over small pockets for military bases, but Denmark had earlier rejected ceding the island.
Markets Reward Tariff Reversal
- Markets reacted positively when Trump abandoned tariff threats, pushing investors back into risk assets.
- Bloomberg's Mike McKee said traders bought the dip expecting Trump to "chicken out" on aggressive trade moves.