Trump Cancels Greenland Tariffs, Hints at Ukraine Trade Zone in Surprising NATO Reversal – 1/22/2026, 8:29:23 AM

Here are the major world news developments from January 22, 2026:

Trump Reverses Greenland Tariff Threat

President Donald Trump announced he was canceling planned tariffs on US allies in Europe regarding his interest in acquiring Greenland after reaching a “framework of a future deal” on Arctic security with NATO leadership[1]. Trump stated he would not use force to acquire Greenland but maintained his interest in the territory, describing it as “cold and poorly located”[1][2]. At the World Economic Forum in Davos, Trump argued the US had “effectively saved Europe during World War II” and called the territorial request “a very small ask compared to what we have given them for many, many decades”[1].

Ukraine Trade Considerations

US envoy Steve Witkoff indicated that Trump is considering a “tariff-free zone” for Ukraine to help develop industry in the war-torn country[5].

Trump’s Davos Rhetoric

Trump delivered a combative speech at the World Economic Forum, criticizing European allies and NATO while warning that “if America falls, the World falls,” issuing a global economic warning[3]. He also called Indian Prime Minister Modi a “fantastic leader” and indicated plans for favorable trade deals[2].

Diplomatic Uncertainty

Despite the tariff reversal, significant questions remain unanswered about what any potential Greenland agreement would entail[5], and NATO leadership has indicated they are working behind the scenes to address the dispute[3].