"President Donald Trump seems to have found a "solution" to the Greenland crisis following talks with NATO leadership on Wednesday. He said he will back away from the threat to impose 10% tariffs on eight European allies - an announcement that had sparked a mass sell-off on Tuesday - that were set to take effect on Feb. 1. The reversal came only hours after Trump walked back an earlier threat to use force to secure Greenland during his World Economic Forum speech in Davos, Switzerland."
""We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region," Trump wrote on Truth Social, adding that the plan would be "a great one for the United States of America, and all NATO Nations." He said the tariffs would be shelved "based upon this understanding." The announcement followed a meeting with NATO Secretary General Mark Rutte, who has been seeking to defuse growing tensions between Washington and its European allies"
President Donald Trump said he will back away from the threat to impose 10% tariffs on eight European allies that were set to take effect Feb. 1. He walked back an earlier threat to use force to secure Greenland during his World Economic Forum speech in Davos. Trump said a framework for a future deal concerning Greenland and the Arctic has been formed and that tariffs would be shelved based upon that understanding. The announcement followed a meeting with NATO Secretary General Mark Rutte. Markets reacted with a 1.5% rise in the S&P 500 and a drop in long-term U.S. Treasury yields. Trump also mentioned additional discussions about a "Golden Dome" initiative related to Greenland. Denmark reiterated it would not give up Greenland's sovereignty, leaving questions about the framework's substance and whether it meets demands to control Greenland.
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