Did Trump Cross a Red Line on Greenland?

Watch on YouTube ↗  |  January 20, 2026 at 14:10  |  11:36  |  Bloomberg Markets
Speakers
Chad Thomas — Bloomberg Europe Executive Editor
Ian Bremmer — President and Founder, Eurasia Group

Summary

At the 2026 World Economic Forum in Davos, Ian Bremmer and Chad Thomas discussed with Francine Lacqua the fallout from President Trump's push to annex Greenland and his tariff threats against NATO allies, arguing the US will not get Greenland but that lasting damage is being done to its alliances. They noted Europe's reluctance to retaliate forcefully and flagged that some pension funds, particularly in Denmark, are weighing divesting US assets. Other topics included Canada's and Germany's deepening China ties, US midterm politics, and Japan's snap election and bond-yield spike.

  • Trump's Greenland annexation push and tariff threats against NATO allies dominate the Davos discussion.
  • Europe talks tough but has not acted; divisions constrain a forceful response.
  • Danish and other pension funds are said to be weighing US asset divestment, though it remains unconfirmed.
  • The speakers say the US will not get Greenland, but alliance damage is mounting.
  • Canada and Germany are deepening China ties, and Canada is leaning more toward Europe on defense.
  • Japan's snap election and bond-yield spike are discussed, with the prime minister's support seen holding.
  • US politics: Republicans are expected to stay loyal to Trump until the midterms or a major crisis.
Ideas
Chad Thomas Bloomberg Europe Executive Editor 5:32
Danish pension funds weigh US divestment
Conversations are said to be underway among some pension funds, particularly in Denmark, about divesting from US assets, including US Treasuries, over the Greenland standoff; Treasury Secretary Bessent has dismissed this as a false narrative, and whether any actual selling happens remains to be seen. It is a developing foreign-demand risk for US Treasuries worth monitoring.
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