Trump Calls Off Tariffs Over Greenland, Announces ‘Framework’ of Future Arctic Deal

‘This solution, if consummated, will be a great one for the United States of America, and all NATO Nations,’ Trump wrote on Truth Social.

A patrol vessel marked "P571" sails past fuel storage tanks along the coastline near Nuuk Airport, with snow-covered islands in the background, in Nuuk, Greenland, on January 20, 2026. Jonathan Nackstrand/ AFP via Getty Images

President Donald Trump has pulled back a threat to impose new tariffs on European countries on Feb. 1, after signaling progress on a deal addressing U.S. interests in Greenland.

Following a meeting with NATO Secretary General Mark Rutte in Davos, Switzerland, on Jan. 21, Trump said he formed the framework of a future deal for the island and the greater Arctic region.