00:00Without collective governance, cooperation gives way to relentless competition.
00:04Competition from the United States of America, through trade agreements that undermine our export interests,
00:11demand maximum concessions, and openly aim to weaken and subordinate Europe,
00:18combined with an endless accumulation of new tariffs that are fundamentally unacceptable,
00:24even more so when they are used as leverage against territorial sovereignty.
00:30I doubt it. Look, they need that agreement very badly with us. They really do.
00:34They fought very hard to get it, so I doubt that, but we'll see what happens.
00:38We have a lot of meetings scheduled on Greenland.
00:44President Trump there says that he is confident the EU will stick to buy their trade deal,
00:49even as he imposes, of course, new tariffs in his quest to take control of Greenland, as France, of course,
00:54in the sunglasses at that, too. Blasting.
00:57We can do that. We can do that now. He set the president.
01:01But yeah, I know. It's pretty cool.
01:03We could talk about it today. We're running out of time.
01:05Okay, let's bring in our team to talk us through the highlights of Davos so far as we make our way into another day there.
01:11Of course, Jill Deezus is with us here, our news desk managing editor.
01:14Okay, what stood out to you, apart from the sunnies?
01:17I mean, I think at this point, David, it's just really extraordinary to watch how unsettling this entire week has really kicked off here.
01:26I mean, you've got Donald Trump continuing, and maybe it's not really a surprise after all, but continuing to append decades of international policy here, obviously has really kind of created this incredible environment of concern among the U.S.'s European allies here over Greenland in particular.
01:46I think what's really interesting to watch is sort of the difference between Trump, who's obviously, I mean, this is very classic Trump, just kind of going in all bluster, trying to make demands.
01:56And I have to mention this. They've taken over this 19th century church in Davos with this big banner, as we're showing right now, House of God.
02:03I think it's just kind of very symbolic of, I guess, the power play that they're trying to bring to Davos.
02:08Exactly. And I mean, look, Trump, like, honestly, has like tons of reasons to be emboldened, right? Like a lot of his, you know, tariff policies last year, like kind of worked.
02:17He got, you know, almost every, you know, U.S. ally to kind of come to the table and negotiate over, you know, creating these, like, you know, fairly, you know, substantially higher tariffs than existed prior to last year.
02:27You know, he had, you know, this, this, at this point, seemingly successful operation in Venezuela to remove Nicolas Maduro from power.
02:35And he's also, you know, staring down a Europe at this point that has a lot of vulnerabilities over Ukraine, you know, some other issues.
02:42It's not entirely clear that all the European leaders ultimately agree with each other, can come to some kind of a consensus on how exactly they retaliate against Trump.
02:49That's, you know, really the question here is if he goes ahead with these February 1 tariffs, trying to push everybody to the table over Greenland negotiations.
02:56You know, there's a possibility that Europe could come in, you know, on February 7th with some retaliatory efforts.
03:02But Trump appears to be calling their block.
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