World Business Report Trump backs down from tariff threats over Greenland dispute
Jan 21, 2026
Faisal Islam, an economics editor known for his sharp insights, discusses President Trump's surprising retreat on tariffs concerning Greenland. George Conboy analyzes the market's wild reactions and sector impacts from the unfolding drama. Michelle Fleury reports on the Supreme Court hearing for Lisa Cook, probing the balance of power over the Federal Reserve. Wilbur Barros offers perspectives on the EU-Mercosur trade deal's legal challenges and the shifting landscape of international trade relations. Tune in for a blend of politics, economics, and market dynamics!
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Davos De-Escalation Is Temporary
- Donald Trump publicly backed away from force and tariffs over Greenland after pushback at Davos, calming markets temporarily.
- Faisal Islam warns the deal's details remain unclear and the threat could re-emerge if political winds change.
Trade Actions Not Tweets
- Discount volatile political statements when trading and focus on actual policy actions rather than words.
- George Conboy advises watching what the administration does, not what it says, to manage market risk.
Court Case Could Reinforce Fed Independence
- The Supreme Court hearing on Lisa Cook tests the Fed's 'for cause' protection and political independence.
- Conservative justices expressed concern that rapid intervention could weaken the Federal Reserve's credibility.