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.

People protest against President Donald Trump's goal of acquiring Greenland in front of the U.S. consulate in Nuuk, Greenland, on Jan. 17, 2026. Evgeniy Maloletka/AP Photo

President Donald Trump has pulled back a threat to impose new tariffs on European countries on Feb. 1, after signaling progress on a deal for the U.S. acquisition of 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.