CNN 5 Things Trump Drops Tariff Threat, New Immigration Crackdown, Clintons in Contempt and more
Jan 21, 2026
Trump drops planned tariffs following a new Greenland deal, dubbing Denmark ungrateful in the process. JPMorgan's CEO raises concerns that capping credit card interest could hurt the economy. Immigration authorities launch a controversial operation in Maine, sparking backlash from local leaders. Meanwhile, lawmakers move closer to holding the Clintons in contempt after they declined a subpoena related to the Epstein investigation. Lastly, the Supreme Court raises questions about Trump's power to fire a Federal Reserve official.
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Trump's Greenland De-Escalation
- President Trump said he will not impose February 1 tariffs after a Davos framework deal on Greenland with NATO leadership.
- He suggested buying Greenland and called Denmark ungrateful while stopping short of claiming US ownership.
Test Interest-Rate Caps Locally First
- Jamie Dimon warned a 10% cap on credit card interest would be an economic disaster and urged testing it in a few states first.
- He recommended piloting the policy in Vermont and Massachusetts to evaluate real-world effects.
New ICE Operations Targeting Somali Communities
- ICE launched a new enforcement operation in Maine targeting communities with sizable Somali populations, echoing actions in Minnesota.
- The moves have sparked clashes and prompted local leaders to warn the tactics are unwelcome.