United States President Donald Trump, on Wednesday, announced he had reached a framework for a future deal on Greenland following talks with NATO Secretary-General, Mark Rutte, a move that prompted him to cancel planned tariffs on European allies.
“We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,” Trump said in a post on Truth Social.
Although he did not disclose details of the framework, the US president said the tariffs earlier scheduled 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 on February 1st,” he wrote.
Trump’s renewed push to take control of the strategic Arctic island from NATO ally Denmark has unsettled global markets and diplomatic relations in recent weeks.
Speaking earlier at the World Economic Forum (WEF) in Davos, Trump for the first time ruled out the use of force but called for “immediate negotiations” with Denmark.
“We probably won’t get anything unless I decide to use excessive strength and force where we would be, frankly, unstoppable, but I won’t do that,” Trump said.
“I don’t have to use force. I don’t want to use force. I won’t use force. All the United States is asking for is a place called Greenland.”
Following his remarks, Wall Street stocks opened higher on Wednesday and extended gains after his Truth Social announcement.
Trump has repeatedly argued that mineral-rich Greenland is strategically vital for both US and NATO security interests, particularly in countering the influence of Russia and China in the Arctic region.
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