President Trump's Board of Peace, Greenland Sovereignty, More
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What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Nathan Hager.
And I'm Karen Moscow.
Karen, we begin at Davos, Switzerland, where President Trump has officially launched his Board of Peace initiative on the sidelines of the World Economic Forum. The president is barreling ahead with a project he says will promote geopolitical stability, even as its creation spurs rancor and reservations from key allies. In comments heard live on Bloomberg Radio, the president said today is a, quote, very exciting day in efforts to end the war in Gaza.
We have...
What is President Trump's Board of Peace initiative?
Little fires that we'll put out, but they're little. They were giant, giant, massive fires. And now they're down to little fires. We can put them out very easily. We have 59 countries that are involved in peace in the Middle East.
President Trump was joined on stage by founding members of his board, Argentinian President Javier Mollet and Hungary's Prime Minister Viktor Orban, as well as representatives from Saudi Arabia, Turkey, the United Arab Emirates and a host of other nations.
While staying at the World Economic Forum in Davos, Nathan, there was a major reversal from President Trump when it comes to Greenland. The president now says he will not impose tariffs on goods from countries that oppose his effort to gain possession of the island. He says he's reached a framework of a future deal on Denmark's territory after a meeting with NATO Secretary General Mark Rutte.
How does President Trump's initiative aim to promote geopolitical stability?
It's the ultimate long-term deal, and I think it puts everybody in a really good position. especially as it pertains to security and minerals and everything else.
President Trump is not giving details of the deal, and he's not saying whether it grants the U.S. ownership of the island. Secretary General Rutte says Greenland's sovereignty was not part of the discussion.
We didn't go into those details at all. We know that the Danes are completely open to having more American presence in Greenland, and Greenland is open to that. And I think it is good that these discussions take place with the three of them, because at the end, I cannot negotiate on behalf of anyone.
In an interview with Bloomberg editor-in-chief John Micklethwaite, NATO Secretary General Mark Rutte said President Trump agreed that the seven nations in the high north should work together to protect the Arctic against any adversary. And you can catch the full conversation on the Bloomberg podcast channel on YouTube.
Meanwhile, Karen, European leaders are meeting in Belgium today for an emergency summit over Greenland. Bloomberg chief Europe correspondent Oliver Crook is covering the gathering in Brussels.
We know apparently there will not be an invasion of Greenland, which is a large relief for everybody in Brussels and everybody presumably sitting in the room there in Davos. We know that the tariffs will not go in effect on February the 1st. And we know that this is apparently down to Secretary General Mark Rutte's efforts to basically talk Trump down. And as ever, to create an off-ramp for the President of the United States to make it seem like there has been a victory in this, while at the same time trying to not contravene some of the red lines here in Europe. So Trump has said about this that this basically will deliver everything the United States wants from a security standpoint, also from a raw material standpoint.
In terms of the actual details of the deal, we have very little. We understand that it will apparently... not impinge upon Danish sovereignty.
Bloomberg's Oliver Crook reports Denmark has said repeatedly that Greenland's sovereignty is not up for negotiation. NATO Secretary General Mark Rutte says Denmark is completely open, though, to an increased U.S. presence on the island.
Nathan, President Trump's Greenland pivot helped to fuel a big rally on Wall Street. And we get the very latest with Bloomberg's John Tucker in New York. John, good morning.
Good morning, Karen. Call it a pivot or the taco trade for Trump always chickens out. The major stock averages in the U.S.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–0:33
2
What is President Trump's Board of Peace initiative?
0:33–1:23
3
How does President Trump's initiative aim to promote geopolitical stability?
1:23–5:01
4
What is the significance of Greenland in President Trump's recent statements?
5:01–5:42
5
What are the implications of President Trump's Greenland tariff reversal?
5:42–6:33
Speakers
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