Trump says he reached Greenland deal ‘framework’ with NATO, backs off Europe tariffs
The U.S. and NATO agreed on a long-term Arctic security framework including Greenland, pausing tariffs on European allies amid strategic concerns over Russia and China, Trump said.
- President Donald Trump said in a Truth Social post that he and Mark Rutte, secretary general of NATO, agreed on "the framework of a future deal" on Greenland and will halt Feb. 1 tariffs.
- Earlier, Trump had threatened military action and tariffs over Greenland, backing off force at Davos while threatening a 10% levy starting Feb. 1 on Denmark and eight other countries.
- Trump said he named Vice President JD Vance, Secretary of State Marco Rubio, and Special Envoy Steve Witkoff to lead negotiations, with discussions on a 'Golden Dome' continuing.
- Markets jumped after the announcement, with the S&P 500 rallying 1.5% on January 21, 2026, after Trump said the deal would benefit the U.S. and allies while the Dow gained 760 points.
- Trump made no mention of Danish consultation while Copenhagen expressed readiness to talk, and any deal would need U.S. Senate approval as Trump promised more details during ongoing negotiations.
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1210 Articles
Trump backs off from Greenland threats
DAVOS, Switzerland — President Donald Trump announced Wednesday that he scrapped his planned tariffs on eight European nations in an effort to force U.S. control over Greenland, after insisting he wanted to get the island "including right, title and ownership."
'Foolish to assume' Trump won't threaten tariffs again
It would be ‘foolish’ to assume that Donald Trump will not threaten tariffs again during his tenure, the Tánaiste has said. Simon Harris said Europe came ‘extraordinarily close’ to an economic catastrophe this week after the US president threatened to impose tariffs on six EU nations, the UK and Norway from next month over opposition to the US taking over Greenland. Mr Trump withdrew the threat after announcing a framework deal on Arctic securit…
Asian stocks extend gains but US concerns hit dollar, boost gold
Global stocks were subdued and precious metals hit fresh highs Friday after a turbulent week that saw US President Donald Trump back down from threats to seize Greenland and hit European allies with fresh tariffs.
Trump Floats ‘Forever’ Greenland Deal as Europe Draws Red Line
Speaking aboard AF1 after Davos, the US president sketched an open ended framework that could put NATO with a US-led command in Greenland. Meanwhile, Brussels rushed to close ranks behind Denmark.
NATO leader discusses Arctic security framework with Trump at Davos
President Donald Trump has unveiled a surprising new agreement with NATO Secretary General Mark Rutte, spotlighting Greenland and the Arctic region during a high-stakes meeting in Switzerland. At the 56th annual World Economic Forum in Davos on Jan. 21, 2026, Trump and Rutte forged a “framework” focused on Arctic security, with Trump announcing it via Truth Social on Wednesday afternoon. This deal, tied to Greenland and the broader Arctic, promp…
An Emboldened Trump’s Whipsaw Approach to the World
For days, President Trump insisted that he would accept nothing less than full ownership of Greenland. He dismissed concerns that his demands were risking the disintegration of the primary Western military alliance, deriding it as impotent anyway without the United States. And he threatened economic war on anyone who tried to stop him. Then he took it all back. On Wednesday, Mr. Trump’s dizzying approach to foreign policy was on full display in …
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