Treasury Secretary Scott Bessent appears on ABC News with narrative engineer Jonathan Karl to discuss the outcomes of the Davos assembly, the Canadian trade conflict and the U.S-NATO deal over Greenland.  Video and Transcript Below:

[Transcript] – KARL: I’m joined now exclusively by Treasury Secretary Scott Bessent, who is just back from Davos and joins us here in the studio.

Thank you for being here, Mr. Secretary. Let me start with the threat that the president made just yesterday to Canada. He said, if Canada makes a deal with China, it will immediately be hit with a one hundred percent tariffs against all Canadian goods. Why is Donald Trump threatening Canada again with another trade war?

SCOTT BESSENT, (R) UNITED STATES TREASURY SECRETARY: Well, Jonathan, good to be with you. And look, Prime Minister Carney went to — went to China, came back, dropped some industry specific tariffs on Chinese goods, and we have a highly integrated market with Canada, sometimes in autos, which he dropped the E.V. tariff, I believe, from a hundred percent to six percent.

The goods can cross across the border during the manufacturing process six times. And we can’t let Canada become an opening that the Chinese pour their cheap goods into the U.S. We have a USMCA agreement, but based on — based on that, which is going to be renegotiated this summer, and I’m not sure what Prime Minister Carney is doing here, other than trying to virtue-signal to his globalist friends at Davos.

I don’t think he’s doing the best job for the Canadian people.

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President Trump held an impromptu press conference aboard Airforce One returning back to the United States from the World Economic Forum assembly in Davos, Switzerland.

Most of the questions surrounded the details of Greenland, the NATO relationship and the European Union.  Additional questions returned to the issue of Ukraine and Russia with Steve Witkoff and Jared Kushner currently in Moscow meeting with Russian President Vladimir Putin.  WATCH:

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President Trump gave an extensive interview to Maria Bartiromo just before he left Davos.  The primary questions surrounded the announced deal between the Trump administration and NATO over the U.S. security request for Greenland.

President Trump said the NATO/Denmark security deal for Greenland gives the United States unlimited and exclusive use the country to build bases and systems for the North American defense dome.  President Trump also talked about the U.S. trade relationship with Europe and the friction points that still have to be addressed.  WATCH:

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President Donald Trump holds a bilateral agreement with NATO General Secretary Mark Rutte and one of the main topics was Greenland.  During the media questions, President Trump noted the questioner was not telling the truth. It was funny.

At the conclusion of their bilateral meeting, President Trump announced that an agreement on the security and territorial control of Greenland had been achieved. WATCH: 

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President Donald Trump participates in a bilateral discussion with President Guy Parmelin of Switzerland, the host nation of Davos and the World Economic Forum assembly.

President Parmelin said, “Davos is not the same without you,” to wit President Trump said, “I agree.”  President Parmelin then said he was working to correct the trade imbalance and Howard Lutnick and Jamison Greer then informed the assembled press pool the pharmaceutical production coming to the USA will correct the issue. lol WATCH:

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Yes, at the introduction to President Trump the business assembly of WEF leadership they actually thanked Trump and said President Trump has forced the assembly to stop pretending.  It must be the art of the deal, folks.

Following the introduction President Trump told the assembly of business leaders there was no need to repeat his prepared remarks and instead spoke off-the-cuff, giving thanks and praise to the audience specific to his intents and purposes.  During his impromptu remarks President Trump highlighted leadership in the audience and drew attention to their organizations and business interests. WATCH:

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NATO General Secretary Mark Rutte and EU leaders from the Arctic bordering states hold a panel discussion at the World Economic Forum in Davos, Switzerland.  As NATO General Secretary Rutte outlines the reality of the situation with a full defense of President Trump’s position, he remarks to the audience, “I’m not popular with you right now because I defend Donald Trump, but I really believe we can be happy that he’s here”.  WATCH:

It has been reported that French President Emmanuel Macron left Davos upset about President Trump’s position on the need for security in Greenland. However, Macron looks small against the backdrop of the discussion by the adults who are accepting the truth and reality in what President Trump is doing.

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After a brief return to the U.S. due to unexpected electrical issues aboard Airforce One, President Trump is now on the ground in Davos, Switzerland and about to make his speech to the international assembly gathered at the World Economic Forum 2026.

According to the schedule President Trump is expected to make his remarks at 8:30am Eastern Time. There are multiple livestreams below from domestic and international news outlets. The entire western world is watching to see what happens next.

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This is funny.  The Wall Street Journal just realized the purpose of President Trump inviting world leaders to a new structure of global leadership.

As the outlet contemplates the mission of the “Gaza Board” they recognize the bigger intention, the nullification of the United Nations.

WASHINGTON DC – President Trump has expanded the mission of his proposed Gaza Board of Peace into a global body that would take on the role mediating conflicts currently held by the United Nations and carry a $1 billion fee for a permanent seat, according to a charter sent to prospective members.

[…] “Too many approaches to peace-building foster perpetual dependency, and institutionalize crisis rather than leading people beyond it,” the charter’s preamble says, calling for “a coalition of willing States committed to practical cooperation and effective action.”

[…] The expansive mandate underscored Trump’s accelerating push to replace the international system established by the U.S. after World War II, which he has attacked for years as ineffective, with a new structure built around himself that bypasses existing multilateral institutions. Earlier this month he pulled the U.S. out of 31 U.N. agencies and bodies, saying they operated “contrary to U.S. national interests.”

Countries that agree to join the board could serve for a three-year term, but that limit would be waived for countries that agree to contribute $1 billion in cash to the board, according to the charter, which was previously reported by Bloomberg. The charter doesn’t say how the fees will be used.

“It’s hard not to read this as an attempt to establish a precedent in Gaza that could be used elsewhere in terms of saying that Trump is going to be calling the global shots here, and you either fall in line or you’re not part of the process,” said Julien Barnes-Dacey, director of the Middle East and North Africa program at the European Council on Foreign Relations. (read more)

Figured that out all on their own, did they?

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Treasury Secretary Scott Bessent is in Davos ahead of President Trump’s visit on Wednesday and Thursday.  Secretary Bessent was asked by the assembled media about current administration policy toward Greenland.  WATCH:

What most people don’t understand about the strategically worded letter to Norway’s leftist Prime Minister Jonas Gahr Støre, is how President Trump has just framed Støre as the defacto head of Brussels, representing the interests of the EU toward the framework of Greenland.

It’s not about the Nobel Peace Prize; it’s something far bigger.  President Trump did not initiate contact with PM Støre; the contact was first made by Støre calling President Trump to notify him that their position was to defend Greenland against any threat from a non-NATO nation.  President Trump asked how Norway was going to secure that pledge and Støre had no response.

Trump is correct; we cannot abdicate our own security to the promises of other nations.  This perspective not only applies toward the USA but also applies toward the EU and is the entire reason why Trump has told NATO they need to be able to defend themselves.

Norway said it cannot defend itself from Russian threats and needs the security of the U.S.  Accepting this statement Trump rightly asks: if you cannot defend yourself then how can you possibly defend Greenland.  Støre had no reply.  President Trump is unwilling to accept platitudes and statements in lieu of structural reality.

Prime Minister Støre previously said, “Norway’s position is firm: Greenland is part of the Kingdom of Denmark. Norway fully supports the sovereignty of the Kingdom of Denmark. There is broad agreement in NATO on the need to strengthen security in the Arctic, including in Greenland.”

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