In an abrupt about-face on Wednesday, President Trump said he was calling off planned tariffs on European nations over his pursuit of Greenland. Trump cited the “framework of a future deal” reached with NATO Secretary General Mark Rutte.
“This solution, if consummated, will be a great one for the United States of America, and all NATO Nations. Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st,” Trump wrote on Truth Social.
The turn in direction came after Trump arrived at the World Economic Forum in Davos, Switzerland, on Wednesday, with his revived tariff threats against allies over his pursuit of Greenland having roiled markets and upended trading relationships forged just months earlier.
In a keynote address, Trump said he was seeking “immediate negotiations” over Greenland but also appeared to rule out the use of force to acquire the Danish territory.
“You can say yes, and we will be very appreciative, or you can say no, and we will remember,” Trump said.
NATO Chief Mark Rutte said a deal with Trump was secured after discussing the security of the Arctic region, prompting Trump to immediately scrap his tariff threats against European allies. But Denmark’s prime minister said on Thursday that her country will not negotiate on its sovereignty.
Just days earlier, Trump had said the US would implement 10% tariffs on eight European countries that he says are getting in the way of a US purchase of Greenland. EU capitals entered discussions to implement tariffs of up to $108 billion on American products, while the US-EU trade deal hashed out last year now appears to be in limbo after the EU voted — before Trump’s U-turn — to freeze implementation of the agreement.
Meanwhile, the US Supreme Court’s first three opportunities to issue a verdict this year on the implications and legality of Trump’s global duties on trade partners have come and gone without a decision. The high court did not hand down a ruling on Tuesday, and it is unclear when it could rule next.
Read more: What Trump promised with his ‘Liberation Day’ tariffs — and what he delivered
LIVE 70 updates
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Rutte: Trump Greenland plan involved no sovereignty talk
In an interview with Bloomberg News at the World Economic Forum in Davos, Secretary General of NATO, Mark Rutte, said a breakthrough over Greenland was secured after discussing with President Trump regional security in the Arctic region, which led Trump to abruptly drop his threat to impose fresh tariffs on European allies.
The NATO chief added that the territory’s sovereignty was not discussed.
Trump had started to make threats against the EU over the week, stating he would impose 10% tariffs, which would come into force on February 1, if they prevented his takeover of Greenland; that would rise to a further 25% in June.
Bloomberg News reports:
Read more here.
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Japan’s exports rise in 2025 despite drag from US tariffs
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Latin America rides out Trump’s trade storm with help from China
President Trump’s tariffs have roiled markets and countries, but Latin America’s exports appear to have remained unscathed.
Argentina reported on Tuesday its second-highest exports for 2025. Brazil and Chile were not far off and reported this month that their own exports hit records in 2025. Mexico and Peru will soon release their figures, and experts believe it too will be a hit.
As Europe deals with renewed tariff threats from Trump, Latin America is heading into 2026 in a better position to withstand any further trade shocks from Washington. Latin American exporters are now benefiting from better logistics, sending shipments to emerging markets and improved relations with China
Bloomberg News reports:
Read more here.
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Wed, January 21, 2026 at 9:53 PM UTC
Some details of Trump’s ‘framework’ deal on Greenland
President Trump outlined more details of what he said was a “framework” agreement for a future deal with the European Union on Greenland:
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Wed, January 21, 2026 at 7:45 PM UTC
Trump backs away from his tariff Greenland tariff threats
President Trump says he is backing away from a threat of 10% tariffs on eight European nations over the Greenland issue, saying a meeting with the NATO secretary general has yielded “the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region.”
As a result, Trump added, “I will not be imposing the Tariffs that were scheduled to go into effect on February 1st.”
The still-to-be finished Greenland deal, which the president didn’t give any significant details on in his post, means that the tariff threats are now off after days of ups and downs in the market after Trump threatened the tariffs over the weekend and then backed away from military action Wednesday morning in a speech before taking tariffs of the table in the afternoon in his Truth Social post.
The news came after a meeting where Trump told reporters that NATO Secretary General Mark Rutte was doing a “fantastic job” and went out of his way to praise increased NATO-member defense spending.
“Further information will be made available as discussions progress,” Trump added, noting that Vice President JD Vance, Secretary of State Marco Rubio, and Special Envoy Steve Witkoff would head up the talks.
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Wed, January 21, 2026 at 3:47 PM UTC
EU freezes US trade deal approval over Greenland threats
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Wed, January 21, 2026 at 3:19 PM UTC
‘You all follow us down and you follow us up’: Trump rebuts talk that world can decouple from US
President Trump traveled to Davos on Wednesday and began with a combative message to Europe: You may not like what the US is doing, but you can’t ignore us.
The president opened his speech at the World Economic Forum outlining what he described as an economic miracle in the US and said that it is good news for Europe because the “USA is the economic engine on the planet.”
“When America booms, the entire world booms,” Trump said. “It’s been the history … you all follow us down, and you follow us up.”
The pointed comments came in addition to an extended discussion of Greenland and appeared to be a direct response to Canadian Prime Minister Mark Carney, who spoke at Davos on Tuesday with a pointed speech of his own in which he called a rules-based order led by the United States “a pleasant fiction.”
Carney sketched out a future in which Canada, Europe, and other smaller nations could be aligned without the US.
Without calling out Trump by name, Carney called on both companies and countries to make their own path when, as he put it, “great powers abandon even the pretense of rules and values for the unhindered pursuit of their power and interest.”
Trump ripped Carney’s speech, calling it “ungrateful.”
“Canada lives because of the United States,” Trump said. “Remember that, Mark, next time you make your statements.”
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Wed, January 21, 2026 at 1:17 PM UTC
JPMorgan CEO Dimon on tariffs: ‘I don’t think, in general, it’s a good idea’
JPMorgan (JPM) CEO Jamie Dimon spoke out about tariffs at the World Economic Forum in Davos on Wednesday.
Dimon said he doesn’t think tariffs in “general are a good idea.”
“I’m not a tariff guy. I don’t think, in general, it’s a good idea,” Dimon said.
The JPMorgan CEO did say there are times when tariffs are acceptable.
“There are three parts to trade, and some require tariffs. One part is national security, and we should do what we have to do around national security, around rare earths, and pharmaceutical ingredients and some that may require policy that is not typical, like tariffs.
Dimon said companies can not succeed if there are no barriers, quotas, tariffs or pay-for-play.
“The second one is unfair trade, and I just don’t think furniture or t-shirts are important trade, but there is unfair trade. If you are subsidizing China in this case, and anyone who tries to compete is gonna get sunk because of subsidies, then you should counter that with quotas or tariffs.”
Watch here.
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Wed, January 21, 2026 at 12:52 PM UTC
Trump arrives in Davos as Greenland spat continues
President Trump has officially landed in Davos, Switzerland, for the World Economic Forum. Trump’s flight was delayed after Air Force One reported a minor mechanical problem.
Trump plans to have meetings with various parties and will give a speech at Davos today.
The US President’s Davos address comes as markets and some US allies have raised concerns about his pursuit of Greenland.
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Wed, January 21, 2026 at 11:24 AM UTC
EU ‘fully prepared’ to hit back over Trump’s Greenland tariffs
Bloomberg News reports:
Read more here.
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Wed, January 21, 2026 at 9:35 AM UTC
ECB’s Lagarde sees little impact on inflation from more tariffs
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Wed, January 21, 2026 at 9:18 AM UTC
Bessent dismisses Danish Treasury sales as ‘irrelevant’
US Treasury Secretary Scott Bessent brushed off Denmark’s sale of US Treasurys on Tuesday at the World Economic Forum in Davos. Bessent said he is “not concerned at all,” and told reporters it is irrelevant.
“It’s less than $100 million,” the Treasury Secretary said. “They’ve been selling Treasurys for years.”
On Tuesday, Danish pension operator AkademikerPension announced it would be selling around $100 million in US Treasurys. Anders Schelde, AkademikerPension’s investing chief, said the move was due to “poor US government finances.”
The “sell America” trade has bounced back this week after Trump escalated his battle with European leaders over Greenland. US stocks and bond prices have dropped as tensions between the two sides escalate.
Trump also threatened to impose 200% tariffs on French wine and champagne, following France’s leader, Emmanuel Macron, texting Trump and telling him he was “confused” over his choice to take over Greenland and that he would not be joining his Board of Peace for Gaza committee.
The US president said on Monday that he will impose 10% tariffs on the EU as part of his push to acquire Greenland; the duties would take effect on February 1 and would rise to 25%. Trump doubled down on his pursuit of Greenland on Tuesday as he headed to Davos, saying the EU “won’t resist too much.”
Read more here.
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Wed, January 21, 2026 at 6:00 AM UTC
Novartis CEO: By mid-2026, we will not be ‘exposed to tariffs’
Novartis (NVS) CEO Vas Narasimhan said he expects the company’s agreement with the US to help shield it from any possible tariffs.
In an interview with CNBC, Narasimhan said that by the middle of this year, the company will not be “exposed to tariffs.”
Reuters reports:
Read more here.
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Wed, January 21, 2026 at 2:00 AM UTC
Tariffs are bumping up product prices: Amazon CEO
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Tue, January 20, 2026 at 9:31 PM UTC
Trump doubts Greenland threats will spoil EU trade deal
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Tue, January 20, 2026 at 8:38 PM UTC
Trump on how far he’ll go to acquire Greenland: ‘You’ll find out’
In a press briefing on Tuesday, President Trump said the US would pursue other strategies to acquire Greenland if the Supreme Court were to rule against his administration’s tariffs.
“We have other alternatives,” Trump said, “but what we’re doing now is the best, the strongest, the fastest, the easiest, the least complicated.”
When asked how far the US is willing to go to acquire Greenland, Trump answered, “You’ll find out.”
Trump said the US has “a lot” of meetings with Greenland scheduled at the World Economic Forum in Davos. Trump is expected to travel to Davos tonight.
Stocks were headed toward their worst day in two months on Tuesday as the markets digested Trump’s threats of fresh tariffs against European countries in order to obtain control of the Arctic territory.
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Tue, January 20, 2026 at 4:04 PM UTC
Supreme Court does not issue tariff ruling today
The Supreme Court issued three opinions on Tuesday, but none of them were the highly anticipated ruling on whether President Trump has the authority under the International Emergency Economic Powers Act (IEEPA) to issue tariffs.
The court heard oral arguments on the case, formally called Learning Resources, Inc. v. Trump, in November of last year and is expected to deliver an opinion before June. The Supreme Court did not say when the next decision day will be.
If the Supreme Court strikes down the tariffs, it could result in the US repaying more than $130 billion in tariff refunds. A negative ruling against Trump would be one of the largest legal blows to the administration’s policies so far. If that were to happen, “WE’RE SCREWED!” the president posted on Truth Social earlier this month.
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Tue, January 20, 2026 at 11:26 AM UTC
Trump says he will meet with ‘various parties’ in Davos concerning Greenland
President Trump posted on Truth Social that, following a phone call with the Secretary General of NATO, Mark Rutte, he will have a meeting at the World Economic Forum in Davos with various parties concerning Greenland.
“As I expressed to everyone, very plainly, Greenland is imperative for National and World Security. There can be no going back — On that, everyone agrees! The United States of America is the most powerful Country anywhere on the Globe, by far,” Trump posted.
“Much of the reason for this is a rebuilding of our Military during my First Term, which rebuilding continues at even more expedited pace. We are the only POWER that can ensure PEACE throughout the World — And it is done, quite simply, through STRENGTH! PRESIDENT DONALD J. TRUMP,” Trump added.
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Tue, January 20, 2026 at 11:21 AM UTC
EU tells Trump ‘a deal is a deal’ as Greenland threats escalate
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Tue, January 20, 2026 at 9:56 AM UTC
Market reaction to Trump’s Greenland threats
President Trump’s pursuit of Greenland has caused widespread concern, with European leaders expressing confusion at the president’s actions and protests taking place in Greenland. Markets have also been affected by the Trump administration’s latest moves.
Here’s how different pockets are reacting to Trump’s latest pursuit.
US futures: Nasdaq 100 futures (NQ=F) fell as much as 2%, while the Dow Jones Industrial Average futures (YM=F) pulled back 1.6% and S&P 500 futures (ES=F) fell 1.8%, as trade tensions escalated due to Trump’s Greenland threats.
Bonds: Bond prices dropped, as the threats made US investments look less attractive and raised fears that prices for goods would rise. The biggest losses were in long-term bonds; the 30-year Treasury yield rose to above 4.90%.
Dollar: The dollar fell to its lowest level in two weeks and currency hedging costs climbed as President Donald Trump showed no signs of backing down in his campaign for control of Greenland and threatened new tariffs on France.
French wine and champagne makers: Shares of French firms that make or are exposed to wine and spirits were hit. Champagne Luxury giant LVMH (MC.PA) — the owner of beverage brands like Veuve Clicquot (VRV.F) and Krug — was 2% lower, while peer Remy Cointreau (RMC.BE) shed 2%, and Laurent-Perrier (LPE.DU) dipped 1%.
Gold: Gold (GC=F) rose past $4,700 an ounce to a record high, while silver also reached an all-time peak.
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Tue, January 20, 2026 at 9:34 AM UTC
Trump repeats Greenland claims, says EU won’t push back hard
President Trump doubled down on his pursuit of Greenland on Monday, speaking in Florida, he said the EU won’t resist too much.
Bloomberg News reports:
Read more here.
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Tue, January 20, 2026 at 9:27 AM UTC
US Treasury Secretary Bessent brushes off ‘hysteria’ over Greenland-spurred trade war
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Tue, January 20, 2026 at 9:23 AM UTC
Trump floats 200% champagne tariff and reveals Macron’s text
President Trump took a swipe at French leader Emmanuel Macron on Monday, saying he would put 200% tariffs on French wine and champagne following Macron’s decision not to join his peace initiative.
“Nobody wants him because he’s going to be out of office very soon,” Trump told reporters.“I’ll put a 200% tariff on his wines and champagnes and he’ll join,” he added.
Macron declined Trump’s request due to his pursuit of Greenland, sending a text to the US president.
The Trump administration established the Board of Peace for Gaza over the weekend. It consists of Russian President Vladimir Putin, Argentine President Javier Milei, and Canadian Prime Minister Mark Carney. Other invitees include Turkey’s President Recep Tayyip Erdogan and Brazil’s leader Luiz Inacio Lula da Silva.
Bloomberg News reports:
Read more here.
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Mon, January 19, 2026 at 10:00 PM UTC
EU weaponizing US assets a risk: Deutsche Bank
Deutsche Bank (DB) has warned that if President Trump keeps up his threats of tariffs on Europe over Greenland, the European governments might start selling off their US assets, worth around $8 trillion. The results could lead to a weaker US economy and dollar. The move could also make the euro stronger, as investors move their money out of the US and back into Europe.
Bloomberg News reports:
Read more here.
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Mon, January 19, 2026 at 6:00 PM UTC
Goldman economists see limited US tariff hit to European growth
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Mon, January 19, 2026 at 1:59 PM UTC
Americans bear almost all the cost of Trump tariffs
A study, conducted by a German think tank, has concluded that American importers are paying almost entirely for President Trump’s tariffs on imported goods.
Bloomberg news reports:
Read more here.
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Mon, January 19, 2026 at 10:18 AM UTC
Trump links Greenland threats to Nobel Peace Prize snub
President Trump has claimed in a letter to the Norwegian Prime Minister Jonas Gahr Stor that his desire to purchase Greenland is due to his not being awarded the Nobel Peace Prize.
Trump initially said that his claims on Greenland related to reasons of national security; some have claimed it may come down to Greenland’s supply of natural minerals.
Bloomberg News reports:
Read more here.
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Mon, January 19, 2026 at 10:11 AM UTC
Europe can wield this $8T ‘sell America’ weapon as Trump reignites a trade war over Greenland
As the EU weighs retaliatory measures against President Trump due to his 10% tariff threat, experts believe the EU’s greatest weapon in its arsenal may be its financial markets.
Fortune reports:
Read more here.
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Mon, January 19, 2026 at 10:06 AM UTC
EU eyes tariffs on $108 billion of US goods over new Trump threat
The European Union is looking to impose tariffs on $108 billion of US goods after President Trump threatened to hit European countries with a 10% levy. Relations between the EU and the US started to unravel over the weekend as Trump continued his pursuit of Greenland. The US president said he would unleash 10% tariffs on goods from eight European countries starting from February 1, rising to 25% in June, unless a deal is struck on the “purchase of Greenland.”
Trump issued the threat after the EU said it would undertake token NATO military planning exercises in the semi-autonomous Danish territory.
It’s not just tariffs that the EU is looking to impose. Its 27 countries met Sunday to discuss options; the union is also weighing additional countermeasures beyond the tariffs.
Trump has been keen to purchase Greenland since he returned to office, framing it as essential for national security reasons and saying he will take the island the “easy way” or the “hard way
Bloomberg reports:
Read more here.
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Mon, January 19, 2026 at 12:15 AM UTC
EU poses retaliation tariffs against US totaling $107B
European capitals may hit the U.S. with 93 billion euros ($107.71 billion) worth of tariffs or restrict American companies from the bloc’s market in response to U.S. President Donald Trump’s threats to NATO allies opposed to his campaign to take over Greenland, the Financial Times reported on Sunday.
The retaliation measures are being drawn up to give European leaders leverage in pivotal meetings with Trump at the World Economic Forum in Davos this week, the FT report said, citing officials involved in the preparations for the meetings in Switzerland.
Read more here.
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Sun, January 18, 2026 at 5:19 PM UTC
Bessent dismisses ‘weak’ Europe pushback on Trump plan to annex Greenland
US Treasury Secretary Scott Bessent on Sunday dismissed European countries’ threat to nix a trade deal negotiated last year between the EU and the US as President Trump announced new tariffs to force a sale of Greenland to the US. Bessent made the remarks on NBC’s Meet the Press, Reuters reported:
Read more here
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Sun, January 18, 2026 at 4:19 PM UTC
‘Europe will not be blackmailed’: countries consider countermeasures to new Trump tariffs
To no one’s surprise, European Union states roundly condemned President Trump’s plan to implement new tariffs on eight European countries until the U.S. is allowed to buy Greenland. The countries — Denmark, Sweden, France, Germany, the Netherlands and Finland, Britain and Norway — are already subject to US tariffs between 10% and 15%, and have sent military personnel to Greenland in a show of support for the island, a territory of Denmark.
“Tariff threats undermine transatlantic relations and risk a dangerous downward spiral,” the eight nations said in a joint statement Sunday.
Read more here
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Sun, January 18, 2026 at 3:29 PM UTC
‘The U.S.-EU trade war is back on’: Trump plan for new tariffs over Greenland set to jolt markets
President Trump said Saturday that the US would impose 10% tariffs on eight European countries “until such time as a Deal is reached for the Complete and Total purchase of Greenland, effective Feb. 1. The tariffs would be raised to 25% if no agreement is in place by June 1, the president said.
European leaders and the governments of Greenland and Denmark have strongly pushed back against Trump’s quest to acquire the Arctic island, with his latest focus on a purchase of the country, which is an independent territory of Denmark.
Reuters reports that markets are beginning to react to the news, which threatens to upend a recent trade agreement between the EU and US.
Read more here
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Sat, January 17, 2026 at 5:00 PM UTC
Trump says US will levy 10% tariff on most of Europe over quest to purchase Greenland
In a lengthy Truth Social post Saturday morning, President Trump said the US would impose 10% tariffs on eight European countries “until such time as a Deal is reached for the Complete and Total purchase of Greenland.”
The tariffs would begin Feb. 1, the president wrote, and will apply to “any and all goods sent to” the US. The levies on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland would be raised to 25% on June 1 if no agreement is in place.
Trump alluded to the levies Friday during a roundtable event on healthcare, but did not offer specifics on which countries and how much. Germany, France, Sweden, and Norway have committed to sending military personnel to Greenland for what they called a reconnaissance mission. Greenland is an autonomous territory within Denmark, and the Danish foreign minister has said there is still “fundamental disagreement” with the US about control of Greenland.
Go deeper: Greenland looks like Trump’s next geopolitical priority. It could also be the oil industry’s next great hope.
But Trump has insisted that the US “needs” the island country to prevent expansion into the region by Russia and China. He repeated the claim on Saturday.
“World Peace is at stake! China and Russia want Greenland, and there is not a thing that Denmark can do about it. They currently have two dogsleds as protection, one added recently. Only the United States of America, under PRESIDENT DONALD J. TRUMP, can play in this game, and very successfully, at that!”
Reuters reported later Saturday that ambassadors from the EU’s 27 countries would hold an emergency meeting on Sunday in light of Trump’s latest remarks.
Read more: Trump vows tariffs on eight European nations over Greenland
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Fri, January 16, 2026 at 4:25 PM UTC
Trump floats tariffs on countries that ‘don’t go along with’ Greenland takeover
President Trump suggested on Friday that the US may impose new tariffs on countries that oppose a US acquisition of Greenland.
“I may put on a tariff on countries if they don’t go along with Greenland because we need Greenland for national security,” Trump said at a roundtable event on healthcare (see clip below).
Trump didn’t offer any specific details about what the tariff would look like and moved on from the topic to talk about healthcare instead.
His comments follow tense talks between officials from the US and Denmark, which is responsible for Greenland’s defense, about the autonomous territory’s future.
Trump has renewed his interest in taking control of Greenland following the US strike on Venezuela that removed its leader, Nicolás Maduro. “One way or the other, we’re going to have Greenland,” Trump said previously, noting that he’d prefer a negotiated settlement.
Since the talks at the White House, NATO countries Germany, France, Sweden, and Norway have committed to sending military personnel to the island for what they have called a reconnaissance mission. Denmark’s foreign minister has said that Denmark and Greenland “still have a fundamental disagreement” with the US about control of the island.
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Fri, January 16, 2026 at 12:44 PM UTC
Taiwan touts ‘best tariff deal’ with US amid Beijing’s objections
Taiwan’s Premier Cho Jung-tai praised the country’s new trade deal with the US, saying it’s the “best tariff deal” enjoyed by countries that sell more to the US than they buy. The Trump administration has targeted countries that tend to export more to the US than they import — in other words, have a large trade surplus.
However, China is less than happy with the deal; Beijing views Taiwan as a Chinese territory and therefore opposes the latest agreement.
Euronews reports:
Read more here.
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Fri, January 16, 2026 at 10:08 AM UTC
Taiwan aims to be strategic AI partner in US tariff deal
After reaching a deal to cut tariffs and boost its investment in the US, Taiwan aim’s to become a close strategic partner with the US in the area of AI, Vice Premier Cheng Li-chiun said on Friday.
Reuters reports:
Read more here.
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Fri, January 16, 2026 at 10:06 AM UTC
Canada, breaking with US, agrees to cut tariff on Chinese EVs in return for lower tariffs
Canadian Prime Minister Mark Carney announced on Friday that Canada and China have reached a deal for Beijing to cut tariffs on its canola by March 1. This latest move between the two countries is a sign that the trade rift, which disrupted crop flows, is starting to thaw.
In return, Canada agreed to cut tariffs on Chinese electric vehicles. Canada will allow up to 49,000 Chinese EVs at a tariff of 6.1%, Carney said after talks with Chinese leader Xi Jinping.
This is the first visit from a Canadian prime minister since 2017, as Canada seeks to build its strategic alliances with the country’s second-largest trading partner after the US.
It is also a sign that China may start to rebuild some of its strategic allies, while Canada may be breaking from the US.
Bloomberg News reports:
Read more here.
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Fri, January 16, 2026 at 9:06 AM UTC
White House says 25% semiconductor tariffs a ‘phase one’ action
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Fri, January 16, 2026 at 3:00 AM UTC
Lawmakers introduce bill to create $2.5B critical minerals stockpile
Republicans and Democratic lawmakers have joined forces to introduce a bill that would create a $2.5 billion stockpile of critical minerals, such as rare earths, in a bid to stabilise market prices and encourage more domestic mining.
The bill is Washington’s latest attempt to offset what policymakers view as China’s manipulation of prices for lithium, nickel, rare earths, and other critical minerals.
It also comes shortly after China agreed to ease export restrictions on rare earth materials, as part of its one-year trade truce with the US.
Reuters reports:
Read more here.
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Thu, January 15, 2026 at 7:50 PM UTC
US, Taiwan reach trade deal to cut tariffs, boost investment
The US and Taiwan reached a trade deal Thursday that will see tariffs cut between the nations, while the US said Taiwan would boost its investment in the US semiconductor industry.
According to a fact sheet from the US Commerce Department, Taiwanese semiconductor companies invest $250 billion to boost financing in American operations. The Taiwanese government will also “provide credit guarantees of at least $250 billion” to the companies for additional investment, the US said.
The department said the US “reciprocal” tariff rate on Taiwanese goods would drop to 15%, down from 20%.
TSMC (TSM) looks likely to play a large role. More from Bloomberg:
The deal was announced as Trump’s most sweeping tariffs still face judgment before the Supreme Court. If the high court rules against Trump’s levies, it could impede his ability to set “reciprocal” tariff rates, though other methods — like levying tariffs on certain sectors — look to be on firmer legal ground.
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Thu, January 15, 2026 at 12:53 PM UTC
South Korea to keep monitoring US chip tariffs to minimise impact
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Thu, January 15, 2026 at 9:15 AM UTC
Trump holds off on critical minerals tariffs after probe
President Trump announced on Wednesday that he will be opting out for now on imposing tariffs on rare earths, lithium, and other critical minerals. Trump has requested that his administration seek supplies from international trading partners.
Precious metals such as silver (SI=F) retreated following a rally after the US said it would hold off from imposing tariffs on critical minerals.
Earlier this week, US Treasury Secretary Scott Bessent held a G-7 meeting to discuss rare earth materials and to seek alternative suppliers to China, in a bid to reduce Western dependence on Beijing for the minerals.
Bloomberg News reports:
Read more here.
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Thu, January 15, 2026 at 3:00 AM UTC
Keep calm if Trump loses tariff case, trade expert urges nations
Despite the lack of a tariff ruling from the US Supreme Court, one expert offers some advice to global nations waiting with bated breath for the verdict: “Calm.”
Bloomberg News reports:
Read more here.
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Wed, January 14, 2026 at 9:59 PM UTC
Trump imposes 25% tariff on certain advanced semiconductors
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Wed, January 14, 2026 at 3:21 PM UTC
Another Supreme Court decision day passes without a ruling on President Trump’s tariffs
The Supreme Court convened on Wednesday and issued three opinions — but not the one that markets are watching most closely around President Trump’s tariffs.
The rulings concerned issues like warrantless entries, while the tariff decision was put off for another day. The court also issued an opinion last Friday.
The ruling in the tariffs case, formally known as Learning Resources, Inc. v. Trump, is still expected between now and the end of the court’s session in June. It is centered on the 1977 law called the International Emergency Economic Powers Act, which gives the president the ability to declare an economic emergency and take action but doesn’t specifically outline tariffs as a remedy.
Trump and his team had seized on the law to declare a variety of emergencies — over issues ranging from fentanyl to trade imbalances and more — and impose blanket tariffs in response.
Trump set the stage for this week’s decision with weeks of Truth Social posts, including one on Monday declaring that a negative decision would mean “WE’RE SCREWED!”
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Wed, January 14, 2026 at 11:48 AM UTC
China’s 2025 rare earth exports hit highest since at least 2014 despite restrictions
China’s exports of rare earth materials in 2025 hit the highest level since at least 2014, a sign that Beijing is delivering on its promise, as agreed as part of the one-year trade truce with the US, to start shipping rare earths.
In retaliation for President Trump’s “Liberation Day” tariffs, China restricted shipments of several elements in April.
Reuters reports:
Read more here.
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Wed, January 14, 2026 at 10:43 AM UTC
US approves Nvidia H200 chip exports to China with some conditions
President Trump gave the go-ahead on Tuesday for the sale of Nvidia’s (NVDA) H200 AI chips to China. Nvidia said in a statement that this latest move by Trump “strikes a thoughtful balance that is great for America” and will help the company compete in the global chip market.
However, sources claim that China’s customs department has told agents not to allow the H200 chip into the country.
Reuters reports:
Read more here.
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Wed, January 14, 2026 at 9:37 AM UTC
China’s customs agents told Nvidia’s H200 chips are not permitted
China has pushed back on Nvidia’s (NVDA) H200 AI chips, with Beijing’s customs department telling agents this week that the chips are not permitted to enter China, according to people familiar with the matter.
The H200 chip from Nvidia is the second most powerful and was approved by the Trump administration for export to China this week. There is strong demand for the chip from Chinese companies, but it is unclear if Beijing is planning restrictions.
Reuters reports:
Read more here.
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Wed, January 14, 2026 at 9:30 AM UTC
China’s trade ends 2025 with record trillion-dollar surplus despite Trump tariffs
