Trump Blinks at Davos: Europe Forces Greenland Climbdown

• Donald Trump abandoned his demand for Greenland's sovereignty after facing unified European resistance at the World Economic Forum in Davos.
• European leaders signaled unified NATO resistance, trade retaliation, and economic consequences, including potential tariffs and a halt to US-EU trade talks.
• Trump initially demanded full ownership of Greenland but later shifted to a "framework of a deal" focusing on access and cooperation.
• The US also faced the threat of a trade 'Bazooka' from the EU and potential sell-offs of US government bonds by European holders.
• Despite aggressive rhetoric and brinkmanship, the outcome effectively reverted to the status quo, with Greenland's sovereignty intact.

Why It Matters: Trump backed down on Greenland demands after Europe's unified economic and diplomatic pressure at Davos.