"President Donald Trump is calling off his threat to impose tariffs on an array of European countries over Greenland. He made the announcement via a Truth Social post shortly after meeting with NATO Secretary General Mark Rutte at the World Economic Forum on Wednesday in Davos, Switzerland. Trump said that he and Rutte formed a "framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region." "Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st," Trump wrote."
"Over the weekend, Trump announced that he would be imposing tariffs on Sweden, Norway, France, Germany, the United Kingdom, the Netherlands, and Finland unless those countries agreed to a deal to transfer control of Greenland. A 10% tariff was set to take effect on February 1, with an increase to 25% in June if those countries didn't comply."
"During a speech earlier on Wednesday, Trump seemed to rule out using force to acquire the territory, after telling reporters on Tuesday that they would "find out" how he was willing to go to get it. "I don't have to use force, I don't want to use force, I won't use force," Trump said. "All the United States is asking for is a place called Greenland.""
President Donald Trump canceled threatened tariffs on several European countries over Greenland following a meeting with NATO Secretary General Mark Rutte in Davos and an announcement on Truth Social. Trump said he and Rutte formed a framework for a future deal concerning Greenland and the entire Arctic region and that tariffs scheduled for February 1 would not be imposed. He named Vice President JD Vance, Secretary of State Marco Rubio, and Special Envoy Steve Witkoff as part of a negotiation team. The tariffs had previously been threatened at 10% starting February 1, rising to 25% in June if demands were not met, and had unsettled markets.
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