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Stocks immediately rebounded after the president ruled out using the U.S. military

Trump calls for ‘immediate negotiations’ on Greenland, but rules out using force

Wed, Jan. 21, 2026
The World Economic Forum
The World Economic Forum

President Donald Trump on Wednesday called for “immediate negotiations” with Denmark to “discuss the acquisition of Greenland by the United States.”

But Trump, in an address to world leaders and others at the World Economic Forum, said for the first time that he would not use military force in pursuit of the territory.

“I won’t do that,” Trump said during the lengthy speech in Davos, Switzerland.

“Now everyone’s saying, ‘Oh, good,’” he quipped. “People thought I would use force. I don’t have to use force. I don’t want to use force. I won’t use force.”

Stocks, which had plummeted a day earlier amid Trump’s increasing aggression toward Greenland, immediately rebounded after the president ruled out using the U.S. military against the island.