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Stocks Steady as Trump Renews Greenland Demands at Davos

Trump described Greenland as a 'piece of ice' and claimed the U.S. could be 'unstoppable' if it used force; the S&P 500 dropped over 2%, losing $750 billion.

  • On Wednesday at the World Economic Forum in Davos, President Donald Trump pressed the U.S. case to acquire Greenland, delivering an hour-long address.
  • During an hour-long speech, Trump confused Greenland with Iceland and repeatedly described Greenland as a `piece of ice`.
  • Market gauges showed immediate reaction: the S&P 500 fell just over 2% on Tuesday, wiping out over $750 billion amid tariff threats tied to Greenland opposition.
  • Trump warned the U.S. would be `frankly unstoppable` if it took Greenland by force, but aides said he was never going to invade it, while California Gov. Gavin Newsom called the speech `boring` and `it was never real`.
  • Facing market fallout, Trump blamed Iceland, saying it `has already cost us a lot of money` and urged talks, stating `We should negotiate` while reaffirming U.S. interest in Greenland.
Insights by Ground AI

15 Articles

Lean Left

Donald Trump makes it clear in Davos: America's protection is not an alliance promise, but a deal. Today he demands Greenland. Tomorrow perhaps more.

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  • 75% of the sources lean Left
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Channel 4 broke the news in London, United Kingdom on Wednesday, January 21, 2026.
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