Trump meanders through foreign policy ahead of Davos speech to global leaders
Follow the latest news on President Donald Trump and his administration | Jan. 20, 2026
As tensions with European allies flared over President Donald Trump’s push to control Greenland, Trump sought to reassure NATO partners Tuesday, saying he believes an agreement will be worked out that will make both the US and the alliance “very happy.”
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President Donald Trump meandered through a list of his administration’s accomplishments before taking shots at the United Nations and doubling down on what he sees as a need for the U.S. to control Greenland while speaking at a White House press briefing Tuesday.
The rare, nearly two-hour appearance comes on the anniversary of Trump’s inauguration, and the day before he’s scheduled to deliver a key address to an audience of global elites and billionaires at the World Economic Forum in Davos, Switzerland.
There, he’ll have a chance to confront the increasing pushback from NATO allies over his approach to Greenland and his latest retaliatory tariffs.
More details are also expected on Trump’s ballooning ambitions for the Board of Peace, the Trump-led group of world leaders originally intended to supervise the Gaza ceasefire plan, which he suggested Tuesday could soon broker peace during global conflicts and replace the U.N.
The White House previously said Trump’s remarks at Davos would focus on his affordability agenda for housing.
Other news we’re following:
- US forces seize seventh sanctioned tanker linked to Venezuela: U.S. Southern Command said in a social media post that U.S. forces apprehended the Motor Vessel Sagitta “without incident” and that the tanker was operating in defiance of Trump’s “established quarantine of sanctioned vessels in the Caribbean.” The move is part of Trump’s continued efforts to take control over Venezuela’s oil and influence how the country is run. Trump told reporters just hours before the announcement that the U.S. already has taken 50 million barrels of oil out of Venezuela.
- Global markets slump after Trump threatens tariffs: U.S. futures tumbled alongside global markets early Tuesday after Trump threatened to hit eight NATO members with new tariffs. The losses were widespread, with nearly every sector losing ground. The S&P 500 fell 143.15 points, or 2.1%, to 6,796.86, in the steepest drop for the benchmark index since October.
- Justice Department subpoenas Walz and other Minnesota officials: The six grand jury subpoenas were part of an investigation into whether they obstructed or impeded federal law enforcement during a sweeping immigration operation in Minneapolis-St. Paul area, a person familiar with the matter said. The subpoenas, which seek records, were sent to the offices of Gov. Tim Walz, Attorney General Keith Ellison, Minneapolis Mayor Jacob Frey, St. Paul Mayor Kaohly Her and officials in Ramsey and Hennepin counties, the person said. The person was not authorized to publicly discuss an ongoing investigation and spoke to The AP on condition of anonymity.