Trump is shifting gears on trade policy again this week. He threatened 100% tariffs on Canada due to their recent trade deal involving Chinese EVs. However, the previously threatened tariffs on European nations regarding Greenland have been called off. A framework deal with NATO about Arctic security seems to have resolved that dispute for now, which helped calm the markets. Here are some other updates from Davos and around the market: * **TSLA**: Elon Musk noted that tariff barriers for solar power remain extremely high. * **JPM**: Jamie Dimon said he generally dislikes tariffs but acknowledged they can be necessary for national security or combating unfair subsidies. * **TSM**: Taiwan's president indicated they are looking forward to more semiconductor investment in Arizona. * **NVS**: The Novartis CEO expects their agreement with the US to shield them from tariffs by the middle of the year. * **Latin America**: Exports from the region are hitting records, seemingly unaffected by the recent trade volatility.