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Daily News Brief

January 20, 2026

Welcome to CFR’s Daily News Brief. Today we’re covering top-level talks over Greenland, as well as...

  • Syria’s tenuous deal with Kurdish rebels
  • Plans for U.S President Donald Trump’s Gaza board of peace
  • The International Monetary Fund (IMF)’s 2026 projections
 
 

Top of the Agenda

Trump announced this morning he will attend talks on Greenland in Davos this week, after rebuffing European attempts at de-escalation in recent days. Trump said he agreed to the meeting during a call with NATO Secretary-General Mark Rutte. Trump’s insistence on U.S. ownership of Greenland—and threats of tariffs to achieve that goal—prompted European countries to consider economic retaliation over the weekend. The value of the U.S. dollar slid on international markets today amid uncertainty over how the matter would be resolved.    

 

The latest. Trump threatened in a social media post Saturday to impose 10 percent tariffs on eight European countries beginning on February 1 unless a “Complete and Total purchase of Greenland” was agreed to. Without a deal, the tariffs would rise to 25 percent on June 1, he added. The threat triggered crisis talks in European capitals over the weekend. French President Emmanuel Macron urged the European Union (EU) to retaliate via the EU anti-coercion instrument, which could restrict U.S. access to the EU market. 

 

European Commission President Ursula von der Leyen said in her own Davos address today that the bloc would respond in an “unflinching, united, and proportional” way to U.S pressure over Greenland. She did not detail potential economic measures, but said broadly that Brussels would surge investment into Greenland and work with the United States and all partners to bolster Arctic security. 

 

The context. The EU is one of the United States’ largest trading partners and a tariff escalation between the two could have global impact. As Trump doubled down on his Greenland stance, the three highest-ranking Catholic archbishops in the United States issued a rare warning yesterday about the direction of U.S. foreign policy, renouncing militarism and supporting countries’ self-determination.  

 
 

“Europeans have [begun] to complement their strategy of engagement with deterrence. The idea is to raise the stakes of any forceful U.S. action on Greenland and demonstrate that annexing the island will not be an easy win…Europeans hope that Trump is just testing the boundaries of how much resistance he will evoke, and that standing firmly united will make him back off.”

—CFR expert Liana Fix and CFR’s Benjamin Harris

 

What Davos Shows About Global Cooperation

President Donald Trump makes a special address remotely during the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025.

Yves Herman/Reuters

This year’s WEF will test the world’s ability to adjust to globalism with Trumpian characteristics, CFR President Michael Froman writes in the New York Times. 

 
 

Across the Globe

Trump’s proposed board of peace... The leaders of countries including Argentina, Kazakhstan, Hungary, Morocco, and Vietnam said they would join Trump’s proposed so-called Board of Peace to oversee the next phase of the Gaza peace plan—and potentially other world conflicts. Additional leaders, including Russian President Vladimir Putin, are debating whether to accept the invitation. Macron was among those invited, but Paris does not plan to join due to the concerns the proposal raises about undermining the United Nations, an unnamed French official told reporters. Trump yesterday threatened to impose 200 percent tariffs on French wine and champagne if Macron did not join the board.

 

…and executive board for Gaza. On Friday, the White House announced plans for a separate so-called Gaza Executive Board to liaise with the enclave’s new technocratic governing committee. It includes Turkey’s foreign minister, senior Qatari and Emirati officials, and an Israeli businessman, but no Israeli officials. Trump’s son-in-law Jared Kushner and U.S. envoy Steve Witkoff are also members. The Israeli prime minister’s office issued a statement calling the executive board “at odds with Israeli policy,” without going into detail. Israel previously rejected a possible role for Turkey in postwar Gaza.

 

Clashes in Syria. Detainees associated with the self-declared Islamic State have escaped from a Syrian prison, testing a freshly-minted truce between Syria’s military and Kurdish forces. Syria’s interior ministry said today that around 120 detainees had escaped and at least 81 had been recaptured, while a Kurdish website reported that roughly 1,500 had escaped. Each side blamed the other for the incident. They had announced a truce and plans to merge on Sunday, following a Syrian military’s offensive against the Kurdish group.   

 

IMF annual forecast. The IMF projects the world economy will grow 3.3 percent in 2026, 0.2 percent higher than its October projection for the year, it said in a new report. The global economic shock from U.S. tariffs has been lower than initially expected in part due to trade agreements and de-escalation, IMF chief economist Pierre-Olivier Gourinchas told reporters. Both the United States and China are expected to grow more than previously expected.

 

Russian attack on Kyiv. Overnight Russian strikes disabled much of Kyiv’s electricity, water, and heating supply, Mayor Vitali Klitschko wrote on social media. Russian forces used ballistic and cruise missiles and more than three hundred drones to carry out strikes across Ukraine, President Volodymyr Zelenskyy wrote. Russia has continually targeted Ukraine’s power grid each wartime winter, and Zelenskyy warned Moscow was preparing another “massive strike” in the coming days.

 

Japan’s election. Prime Minister Takaichi Sanae announced yesterday that a snap legislative election will take place on February 8. She will dissolve the lower house of parliament on Friday to prepare for the vote, she added. Takaichi pledged to end “excessive austerity” and deliver a temporary tax cut to citizens in a preview of post-election goals.

 

Australia’s new gun laws. Australia’s legislature approved tighter gun restrictions today in response to a mass shooting at a Jewish festival in Sydney last month. They include a framework for a national gun buyback, stricter background checks for gun licenses, and new regulations for importing guns. Lawmakers also passed a bill that will increase jail terms for hate crimes and the ability to authorize visa restrictions on people deemed to have extremist views. 

 

Violence in Guatemala. President Bernardo Arévalo declared a monthlong state of emergency on Sunday following a spate of gang-related violence. Gangs took hostages inside three maximum security prisons. As security officials retook the facilities, seven police officers were killed outside the prisons. Arévalo characterized the gang unrest as a response to his crackdown on crime.

 
 

Quantum Computing, Explained

An Atom Computing's Phoenix quantum computer is seen in Berkeley, California, July 21, 2022.

Jane Lanhee Lee/Reuters

This emerging field has implications for innovation, security, and global governance. Leading experts Gorjan Alagic and Spyridon Michalakis lay them out at this CFR meeting.

 
 

What’s Next

  • Today, senior officials from countries including Canada, China, France, and the United States speak at the World Economic Forum (WEF) in Davos.

  • Tomorrow, a NATO heads of military meeting begins in Brussels.

  • Tomorrow, the United States suspends immigrant visa processing for applicants from seventy-five countries.

 
 

Important Trade Events in 2026

U.S. Commerce Secretary Howard Lutnick, U.S. Trade Representative Jamieson Greer, Denmark's Foreign Minister Lars Loekke Rasmussen and EU Trade Commissioner Maros Sefcovic speak to the media in Brussels, Belgium, November 24, 2025.

Piroschka van de Wouw/Reuters

Trade policy will remain an important issue in Trump’s second year. Stay up to date on significant trade-related events with this CFR calendar.

 
 

Council on Foreign Relations

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