Welcome back to Foreign Policy’s Situation Report, where it is Rishi’s turn to fly solo-ish (with help from our colleague Christina Lu) while John takes a well-earned vacation.

Speaking of flying, U.S. President Donald Trump’s speech at the World Economic Forum in Davos may have been slightly delayed by an apparent malfunction on Air Force One, but he stunned attendees at the Swiss mountain resort town all the same.

Welcome back to Foreign Policy’s Situation Report, where it is Rishi’s turn to fly solo-ish (with help from our colleague Christina Lu) while John takes a well-earned vacation.

Speaking of flying, U.S. President Donald Trump’s speech at the World Economic Forum in Davos may have been slightly delayed by an apparent malfunction on Air Force One, but he stunned attendees at the Swiss mountain resort town all the same.

On that note, here’s what’s on tap for the day: Trump makes a confusing Greenland announcement, his controversial Board of Peace takes shape, and an Israeli strike kills more journalists.

In what has become a familiar pattern, Trump (dramatically) escalated his campaign to acquire Greenland only to (abruptly) de-escalate hours later—a cycle that has been dubbed “TACO,” or Trump Always Chickens Out.

The de-escalation came in a late-night Truth Social post, in which Trump said he had “formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region” in a “very productive meeting” with NATO Secretary-General Mark Rutte.

Trump said he would hold off on his threatened tariffs against European countries that had actively opposed his bid to take Greenland pending the proposed deal, which the U.S. president said would be great “if consummated.” U.S. officials will also be discussing the “Golden Dome as it pertains to Greenland,” he added, referring to his proposed multibillion-dollar missile defense system for the United States.

The about-face came after Trump riffed extensively about Greenland during an hourlong speech in Davos, saying he wanted the United States to be granted “right, title, and ownership” over the Danish........

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