Neil Freiman

I need to get on cross-country skis ASAP, and the Swiss hot dog game is on point.

Toby, what are your observations from Davos so far?

Well, what's the occasion?

And you know what else is mouthwatering?

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You go away for a three-day weekend, and what do you come back to?

A potential fully-blown trade war, not to mention diplomatic crisis.

between the U.S.

and Europe over who controls Greenland.

On Saturday, President Trump dropped an economic and geopolitical bomb, threatening to hit eight European allies with a 10% tariff by February 1st, rising to 25% in June, should there not be a deal for, quote, the purchase of Greenland from Denmark.

With the tariff threat, Trump singled out eight countries, Denmark, Norway, Sweden, France, Germany, the U.K., the Netherlands, and Finland,

who were rallying in defense of the territory.

But there's more.

Yesterday, Norway's prime minister revealed that Trump said his pursuit of Greenland

was tied in part to not receiving the Nobel Peace Prize, which is awarded by a committee in Norway.

Whereas Europe played nice with Trump last year around Liberation Day tariffs, they are drawing the red line now, warning that tariff threats, quote, undermine transatlantic relations and risk a dangerous downward spiral.

The EU is reading tariffs on over $100 billion worth of US goods if Trump follows through, and some outraged leaders have even floated the so-called bazooka option, known as the anti-coercion instrument,

which could limit European market access for tech giants like Google.