TACO trade talks amid confusion over Trump’s Greenland deal


Traders work during BitGo’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) on Thursday, January 22, 2026 in New York, USA.

Michael Nagle | Bloomberg | Getty Images

When something is phrased as a the “framework” or “concept” of the deal.and being described as “a bit complicated” without further details, it’s no wonder things get lost in translation.

Denmark signaled this on Thursday Open to negotiations with the US over it”Golden domeGreenland’s Prime Minister Jens-Frederik Nielsen announced the missile defense plan, which is part of the Greenland “deal” announced by US President Donald Trump a day earlier. does not know what is in the agreement.

The broader sentiment among pundits and political observers showed a mix of relief and confusion.

Ed Price, a senior non-resident fellow at New York University, told CNBC on Thursday that it “takes two people to tango” to make a deal, describing Trump’s speech at the World Economic Forum in Davos, Switzerland, as “a monologue rather than a dialogue.”

But Trump backed off tariff threats against EU countries and slowed down rhetoric on Greenland, lifting global markets and reviving talks. TACO — “Trump always chickens out” — trade.

It was also signed by the US President Gaza “Peace Board” appearedand the President of Ukraine Volodymyr Zelensky Europe was accused of being “lost”. and trying to persuade Trump rather than unite in his own defense.

In Asia, all eyes are on Japan. Prime Minister Sanae Takaichi announced snap elections on February 8 and dissolved the Lower House. December inflation dataand the Bank of Japan announces its interest rate decision, as well as its 2026 forecasts for inflation and economic growth.

— CNBC’s Kevin Breuninger, Anniek Bao, Lucy Hnadley and Hugh Leask contributed to this report.

What you need to know today

Inflation in Japan has cooled sharply. The In December, the core inflation rate was 2.1%its lowest level since March 2022, down from 2.9% in November. But rice inflation was 34.4% — this could be a pressing issue for the February 8 election.

Inflation in the US remained above 2 percent. The price index of personal consumption expenditures showed inflation in November 2.8% for both subject and main Readings are in line with the Dow Jones Consensus.

Intel offers soft guidance for the first quarter. Chief Financial Officer David Zinsner said this was partly due to the company seasonal demand lacks supply. However, Intel beat expectations in its fourth-quarter earnings. Shares fell more than 11% in extended trading.

US stocks extend gains. Leading US indices rose on the second day After Trump lifted European tariffs. Pan-European Stoxx 600 Added 1.03%and shares Ubisoft then decreased to 35% informs about reconstruction.

(PRO) Stocks that look poised for growth. CNBC Pro already checked out the names updated for purchase or overweight and at least three more experts since late last year. A major trading platform and a Wall Street bank appeared on the list.

And finally…

India and EU consider ‘mother of all deals’ amid US tensions. But New Delhi needs an agreement with Washington

As Europe resists Trump, it seeks new trade alliances. European Commission President Ursula von der Leyen told the World Economic Forum in Davos on Tuesday that the European Union is “on the verge of a historic trade deal” with India.

It could be a much-needed blow to New Delhi, which has been facing punitive US tariffs. Since Trump imposed 50 percent tariffs on Asian economies in August last year, it has looked at alternative markets for its exports and struck trade deals with several countries.

Salve Priyanka



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