Trump backs off Greenland tariffs
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 21 January 2026
⏱️ 4 minutes
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Analysts defend Netflix amid underwhelming guidance
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:09.7 | Good afternoon. Today is Wednesday, January 21st, and I'm your host, Kim Con. Our top story so far, |
| 0:15.9 | President Donald Trump has backed off his threat to impose new tariffs in February after negotiations in Davos |
| 0:21.5 | over Greenland. And whether you call it another taco, Trump all his chickens out, or another |
| 0:26.3 | example of the art of the deal, the markets are happy. Stocks are surging, treasury yields are falling, |
| 0:31.1 | and the greenback is firming. Trump posted that after a very productive meeting with NATO |
| 0:35.6 | Secretary General Mark Rout, they had formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic region. |
| 0:43.0 | Based upon this understanding, I will not be imposing the tariffs that were scheduled to go into effect February 1st, he added, |
| 0:49.1 | noting that additional talks are being held concerning the Golden Dome missile defense concept as it relates to Greenland. |
| 0:55.0 | Earlier in his keynote, Trump said he didn't want to use force, adding, |
| 0:58.0 | All I'm asking for is a piece of ice that can play a role in world protection. |
| 1:03.0 | Also heard in Davos, NVIDIA CEO Jensen Wong said AI has kicked off the largest infrastructure buildout in human history |
| 1:10.0 | and warned that the world |
| 1:11.1 | will need more energy, and skilled workers to keep up. He also praised Anthropics Claude as a |
| 1:16.8 | coding tool saying anyone who runs a software company should use it and highlighted OpenAI's |
| 1:21.4 | chatGBT for its success in the consumer space, calling it easy to use and approachable. Also on the AI front, meta-CTO |
| 1:28.9 | Andrew Bosworth said the first high-profile AI models built by its Super Intelligence Labs team |
| 1:34.4 | were delivered this month and are already showing a lot of promise. J.P. Morgan Chase's |
| 1:38.8 | CEO Jamie Diamond warned that a proposed Trump plan to cap credit card interest rates at 10% |
| 1:43.4 | would remove credit |
| 1:44.5 | from 80% of Americans, adding that the people crying the most will not be the credit card |
| 1:48.8 | companies, it will be the restaurants, retailers, travel companies, the schools, the municipalities. |
... |
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