Trump calls off tariffs over Greenland, Supreme Court weighs firing of Lisa Cook, more | The Takeout

CBS NewsAbout 6 min readJan 22, 2026Watch original
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The Takeout - Davos 2024 & Related Discussions - Detailed Summary

Key Concepts:

  • Taco/JK Shorthand: Financial shorthand for President Trump’s tendency to back down from threats (Taco = Trump Always Chickens Out; JK = Just Kidding).
  • Greenland Acquisition: President Trump’s expressed interest in acquiring Greenland, initially through potential military force, later shifting to negotiation.
  • NATO Alliance: The North Atlantic Treaty Organization and its role in security, particularly in the Arctic region.
  • Federal Reserve Governor Lisa Cook: The Supreme Court case regarding President Trump’s authority to remove a Fed Governor.
  • Immigration as a Weapon: Peter Schweizer’s thesis in “The Invisible Coup” regarding foreign influence and manipulation of US immigration policy.
  • DHS/ICE Controversy: Discrepancies between Department of Homeland Security claims regarding released criminals and Minnesota state officials’ accounts.

I. Greenland & Trump’s Davos Performance

The broadcast began with a lighthearted reference to the “Taco/JK” shorthand used in financial circles to describe President Trump’s tendency to avoid confrontation. This set the stage for a discussion of his behavior at the World Economic Forum in Davos. Trump initially threatened military force to acquire Greenland, a territory the US previously held as a trustee and later returned to Denmark. He then abruptly shifted to a more conciliatory tone, stating he wouldn’t use force and was seeking a negotiated agreement. This shift coincided with threats of tariffs against the UK and seven European countries that sent troops to Greenland as a show of resistance.

The initial threats caused market volatility, but both stocks and bond markets stabilized after Trump signaled a willingness to negotiate. The details of any potential agreement remain unclear, with Trump stating it would “improve security forever” and involve cooperation on Arctic issues. Ed O’Keefe, reporting from Davos, noted the situation was characterized by “all the visibility of a howling blizzard.” Trump emphasized a desire for a “very good deal for the United States, also for them.”

II. Political Reactions & Perspectives

Kentucky Governor Andy Basher, interviewed by Ed O’Keefe, described Trump’s speech as “dangerous, disrespectful, and unhinged,” criticizing his disparaging remarks about allies and his overall approach. Basher expressed concern about the erosion of trust in the US leadership on the world stage. Senator Tom Tillis (R-NC), also in Davos, dismissed the Greenland pursuit as a “big waste of time,” arguing the existing military agreement with Denmark could have been updated without the theatrics. Lindsey Graham (R-SC), conversely, expressed support for Trump’s pursuit of Greenland.

HR McMaster, former National Security Advisor, characterized Trump’s approach as consistent with his worldview, highlighting a focus on economic growth and security. McMaster acknowledged Trump’s legitimate concerns about Arctic security and the need to counter Russian and Chinese influence, but criticized his methods, arguing they often undermine his objectives. He emphasized the importance of respecting the sovereignty of Denmark and Greenland. McMaster also pointed out the historical significance of Denmark’s contributions to NATO, particularly in Afghanistan.

III. Supreme Court & Lisa Cook Case

The Supreme Court heard arguments regarding President Trump’s attempt to remove Lisa Cook from the Federal Reserve Board of Governors. The central question is whether the President exceeded his authority, as the law requires “cause” for removal. Jan Crawford, CBS News Chief Legal Correspondent, reported that the Justices, both liberal and conservative, appeared skeptical of Trump’s arguments. The court’s previous rulings establish the Fed as a unique institution with a degree of independence. The case raises concerns about potential politicization of the Fed and the possibility of future presidents arbitrarily removing governors. Crawford noted that other Trump administration officials also had questionable mortgage applications, raising questions about the selective targeting of Cook.

IV. DHS/ICE Controversy in Minnesota

A dispute has emerged between the Department of Homeland Security (DHS) and Minnesota state officials regarding the release of alleged criminals. DHS claims Minnesota authorities have released approximately 450-500 individuals subject to ICE detainers. Minnesota Corrections Chief Paul Schnell vehemently denied these claims, stating the number is closer to 300 and that the state consistently cooperates with ICE. Nicole Skena, reporting from St. Paul, highlighted the conflicting numbers and the lack of transparency from DHS. The situation is further complicated by protests and concerns about ICE tactics.

V. “The Invisible Coup” & Immigration Policy

Peter Schweizer, author of “The Invisible Coup,” discussed his thesis that foreign powers and American elites are manipulating US immigration policy for political gain. He alleges that Mexico, China, the Muslim Brotherhood, and others are actively working to alter the demographics of the US and influence elections. Schweizer pointed to the large number of Mexican consulates in the US (53, compared to 6-7 for the UK and China) and their involvement in political activities. He also discussed the case of New York City Mayor Eric Adams, highlighting concerns about support from organizations with ties to foreign governments. Schweizer argued that the US needs to understand the strategic implications of immigration and the efforts to weaponize it.

VI. Potential 2028 Candidates & Political Landscape

The broadcast touched upon the presence of several potential 2028 presidential candidates at the World Economic Forum in Davos, including California Governor Gavin Newsom, Michigan Governor Gretchen Whitmer, and Kentucky Governor Andy Basher. Michelle Tafoya, a former NFL sideline reporter, announced her Republican Senate bid in Minnesota. The discussion also covered the ongoing redistricting process and its potential impact on the 2024 elections.

Notable Quotes:

  • Andy Basher: “The president’s speech was dangerous, disrespectful, and unhinged.”
  • HR McMaster: “What you got was the boasting, the deep sense of agreement. Everybody saw that. But you know, I think what you're going to see often times, as you do with President Trump, is some outlandish statement and then a walking back of that statement to a more rational approach.”
  • Tom Tillis: “This has been a big waste of time. All the president needed to do was use the updated or the existing military agreement and just update it.”
  • Peter Schweizer: “There are political implications, national security implications for mass migration… Their intention is for this mass migration and the activism accompanying it to have serious political repercussions inside the United States.”

Data & Statistics:

  • Trump’s Latino Vote Share: 28% in 2016, 36% in 2020, 48% in 2024.
  • Mexican Consulates in the US: 53
  • UK Consulates in the US: 6
  • Chinese Consulates in the US: 7
  • Minnesota Criminals Released (DHS Claim): 450-500
  • Minnesota Criminals Released (State Claim): Approximately 300

Conclusion:

The broadcast presented a multifaceted picture of President Trump’s actions and their repercussions, ranging from the Greenland saga and the NATO alliance to domestic political implications and concerns about foreign influence. The discussions highlighted the complexities of international relations, the challenges of maintaining alliances, and the potential for manipulation of immigration policy. The conflicting narratives surrounding the DHS/ICE controversy in Minnesota underscored the importance of accurate information and transparency. The segment also provided a glimpse into the emerging political landscape and the potential contenders for the 2028 presidential election.

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