World Business Report

President Trump makes a u-turn on tariffs after reaching a framework for a future deal over Greenland. Leanna Byrne asks - what do we know about this deal?
We also follow the US Supreme Court hearing involving Federal Reserve governor Lisa Cook, who denies allegations of misrepresenting her home ownership status.
And the EU-Mercosur trade deal faces a legal challenge.
(Photo: US President Donald Trump speaking at the annual meeting in Davos, Switzerland, January 21, 2026. Credit: Photo by World Economic Forum/PA Wire)

The settlement comes just days before the landmark case was due to go to trial in LA

The World Economic Forum at the Swiss resort of Davos has been dominated by President Trump's ambition to take control of Greenland, and his threat to impose tariffs on European countries that resist.

EU leaders could be hitting back with tariffs of their own. So, what are the market reactions in the US and in Europe?

Also, it was tariffs on allies, tariffs on rivals, tariffs that sent shockwaves through the global economy. One industry that felt the impact is cars. We will hear businesses in South Africa, the US, and Canada.

(Photo: US President Donald Trump holds a press briefing with reporters at the White House in Washington, DC, USA, 20 January 2025. Credit: Photo by JIM LO SCALZO/EPA/Shutterstock).

President Trump insists there’s ‘no going back’ on taking control of the island

The US President remains committed to taking control of the semi-autonomous territory of Denmark, leading to strong push back from European leaders. We get reaction from the Duncan Edwards, CEO of the BritishAmerican Business trade body and Matthew Bartlett, Republican strategist and who worked in the State Department during the first Trump administration. Plus, we hear from American farmers in Texas, Minnesota and New York about how a year of tariffs has affected their businesses and livelihoods.
(Photo: A 3D-printed miniature model of U.S. President Donald Trump, and the EU and Greenland flags appear in this illustration taken January 17, 2026. Credit: REUTERS/Dado Ruvic/Illustration)