“Trump always chickens out,” briefly explained

President Donald Trump disembarks Air Force One as he arrives at Zurich Airport before attending the World Economic Forum in Davos, Switzerland, on January 21, 2026. | Chip Somodevilla/Getty Images

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Welcome to The Logoff: Donald Trump is once again moving markets — and being moved by them in turn.

What happened? On Wednesday afternoon, the president said in a social media post that he was backing away from new tariffs on Europe after reaching a “framework of a future deal with respect to Greenland,” potentially........

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