Yesterday afternoon, after a definitely cool organization in Davos, president Donald Trump did what he usually did – he abruptly withdrew from the threat he doubled only moments earlier And then he praised her as a immense achievement. This time Trump stated that it will no longer endanger any of America's European allies with additional duties, as it has reached "a framework for a future agreement on Greenland".
So all this shaking with the sword from last week, all these threats. which led European leaders to consider an economical counterattack in the form of ‘trading bazooka’ Oh, don't worry. Trump said he spoke to the NATO chief and they have a plan whose details are inactive unknown. (Danish Minister for abroad Affairs tweeted that his government welcomed the news that Trump had ruled out the anticipation of forcefully occupying Greenland and halted the trade war).
In an interview with CNBC, given just after the publication of this information on its social network, Trump remained enigmatic on the issue of an agreement with Greenland, which he called "in rule the concept of an agreement", which "regards safety issues... and another matters". The U.S. Exchange went up. After confirming that the TACO trade — in which the president is in danger and then Trump always cowards — returned.
Although this news pleased investors, it was not immediately clear how delighted the heads of government, gathered in a Swiss mountain resort, would be. Finally, only this week did they find out how rapidly all Trump agreement – or its framework, or even its concept – becomes just a consolation to the president, who will retreat as shortly as he decides he wants something new.
Just a fewer hours before Trump reported the events in Greenland, he arrived in Davos like a wrecking ball. In a twisted speech, the president immediately began throwing insults at the hall, criticizing Europe for utilizing wind energy, repeatedly misidentifying Greenland with Iceland and repeating the threat of imposing duties on allies who did not support his plan to take over the territory controlled by Denmark. (The same threats withdrew a fewer hours later).
"Our sovereignty and territorial integrity are at stake," wrote Bernd Lange, president of the Parliamentary Committee on global Trade, in X. "The continuation of activities as usual is impossible". But in Trump's real property world, it's a average thing to do. is I'm utilized to it. The thing is, countries are not golf courses and hotel towers. They have elected leaders, electoral districts and an army with a long memory.
As James Angel, an adjunct at McDonough School of Business at Georgetown University, told me, there is simply a immense difference between real property transactions on which Trump built his name and the types of global trade agreements it theoretically deals with another countries.
In properties, as he said, “if you don’t buy this lot, you will find another one; if you don’t build a tower, you will find another 1 elsewhere. In specified negotiations you can play hard. But Canada will inactive be where it is. Mexico will inactive be there. Europe will proceed to be there, and they remember that."
Summary: no of this — constant tension, intimidation, general political chaos — pleases American allies. Looks like the people in Davos are wondering what the hell's going on.
