Blame Japan, Not Trump: The Truth Behind the Market Drop and Greenland Deal | E.J. Antoni
The Daily Signal
The Daily Signal
4.8 • 1.4K Ratings
🗓️ 31 January 2026
⏱️ 10 minutes
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| 0:35.2 | President Trump has been talking a lot about Greenland and has laid out a compelling case for the island's strategic importance to the U.S., but Europe has been incredibly stubborn on this |
| 0:38.3 | issue, just like they were when Trump told them during his first term that they should |
| 0:42.0 | diversify from Russian energy. Trump was literally laughed at by European leaders for that. |
| 0:46.9 | In response to Europe's refusal to even discuss the Greenland issue, Trump threatened additional |
| 0:51.6 | tariffs on many European countries. When equity markets opened |
| 0:55.2 | last Tuesday after the president's announcement, things turned red. Of course, those suffering |
| 1:01.8 | from Trump derangement syndrome couldn't help themselves and immediately drew the conclusion |
| 1:06.6 | that the stock market drop was the result of Trump's harsh negotiating tactics with Greenland. |
| 1:12.2 | And they were wrong. There was a much bigger move on later news halfway around the world. |
| 1:34.9 | Hi, I'm E.J, Tony, for The Daily Signal. I'd like to talk about two countries today, |
| 1:40.0 | Greenland and Japan. Now, aside from them, both being islands, they don't have much in common. |
| 1:45.9 | They're on opposite sides of the globe, after all. But they've both had a big impact on the news lately, and we should disentangle what's going on there. Obviously, President Trump has been |
| 1:51.5 | talking a lot about Greenland and has laid out a compelling case for the island's strategic |
| 1:56.3 | importance to the U.S., for those who are willing to listen with an open mind anyway. But Europe has been |
| 2:02.1 | incredibly stubborn on this issue, just like they were when Trump told them during his first term |
| 2:07.1 | that they should diversify from Russian energy. Trump was literally laughed at by European |
| 2:13.0 | leaders for that. But fast forward to Putin's invasion of the Ukraine, and now the Russians are the only |
| 2:19.4 | ones laughing. Since that conflict began, Europe has given more money to Putin via energy purchases |
| 2:26.4 | than to the Ukraine in the form of aid. Once again, Trump was right. Likewise, Europeans didn't want to pony up and pay their NATO obligations after they'd essentially been free-loading off the American taxpayer for decades. |
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