U.S. President Donald Trump on Wednesday announced that his administration had agreed on a framework for a future deal on Greenland following talks with NATO Secretary-General Mark Rutte, a move that prompted him to cancel tariffs earlier threatened against European allies.
In a post on his Truth Social platform, Trump said the understanding covered Greenland and the wider Arctic region, though he offered no details of the proposed framework. He added that, based on the agreement, tariffs due to take effect on February 1 against European countries opposing his bid to acquire Greenland would no longer be imposed.
“Based upon this understanding, I will not be imposing the tariffs that were scheduled to go into effect,” Trump wrote.
Trump’s renewed push to acquire Greenland, a strategically located and mineral-rich Arctic island that belongs to NATO ally Denmark, has unsettled allies and rattled markets in recent weeks.
Speaking earlier at the World Economic Forum in Davos, Trump ruled out the use of force to take the island for the first time, while calling for immediate negotiations with Denmark.
“I don’t want to use force. I won’t use force,” he said, insisting that Washington was seeking cooperation over Greenland, which he described as critical to U.S. and NATO security interests amid growing competition with Russia and China.
U.S. stocks rose on Wednesday following Trump’s remarks in Davos and climbed further after his Truth Social announcement.
Trump has repeatedly argued that Greenland’s strategic location and vast mineral resources make it vital for Western security in the Arctic.
