Tensions in trade relations between the United States and the European Union could begin to ease in the coming days. U.S. President Donald Trump has confirmed that his tariff policy will be a key topic at upcoming talks during the summit in Davos. The meeting is expected to bring together major stakeholders seeking to prevent further escalation of the trade dispute.

Tariffs and Greenland: Davos as a Diplomatic Arena

According to Bloomberg, Trump said that during the World Economic Forum he will meet with interested parties as part of broader discussions not only on tariffs, but also on his controversial plans to expand U.S. influence over Greenland.

On his social media platform Truth Social, the president said he had a “very good phone call” with NATO Secretary General Mark Rutte. According to Trump, both sides agreed that further talks would continue in Davos, Switzerland.

Rutte later confirmed that he discussed Greenland’s security with the U.S. president and that the goal of the Davos meetings would be to ease tensions triggered by Trump’s tariff threats.

European Response and Push for Safeguards

The talks come shortly after Trump announced a tougher stance toward countries opposing his plans. In response to resistance from parts of Europe, he imposed a 10% tariff on selected countries, prompting an immediate reaction from the European Union.

EU leaders have reportedly agreed to try to prevent further tariff escalation. An emergency summit is scheduled for Thursday, where protective measures and possible steps to defend European economies will be discussed.

Trump has meanwhile announced that he will deliver a speech on Wednesday addressing the latest developments around tariffs. He has insisted that he does not expect a major retaliatory response from the EU, arguing that talks will be more pragmatic than confrontational.

“We have to have it. I don’t think they’ll oppose it too much,” the president said, adding that the United States currently has an exceptionally strong economy, giving it a solid negotiating position.

Market Impact Remains Uncertain

Recent tariff announcements have unsettled global financial markets. Heightened uncertainty has affected both equity markets and the cryptocurrency sector, where investors have adopted a more cautious stance and reduced risk exposure.

Equity traders are also bracing for potential volatility as full U.S. trading resumes after the Martin Luther King Jr. holiday. Investors are reassessing their portfolios in case Trump moves to further tighten tariff policy.

At the same time, there is hope that successful talks in Davos could help restore calmer market conditions. Trump maintains that the U.S. economy is in strong shape and that the country could play a decisive role in reaching a broader agreement.

Whether Davos becomes the site of a genuine breakthrough or merely another chapter in a prolonged trade dispute will become clear in the days ahead.

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