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Trump says he's reached a Greenland deal 'framework' with NATO — and is putting tariffs on ice

Trump says he's reached a Greenland deal 'framework' with NATO — and is putting tariffs on ice

"I will not be imposing the Tariffs that were scheduled to go into effect on February 1st," Trump wrote on Truth Social on Wednesday.

Donald Trump
Donald Trump
  • Trump had threatened to levy tariffs against a slew of European countries over Greenland.
  • Now, he's calling off those tariffs.
  • It comes after a meeting with the head of NATO in Davos.

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.

This is a developing story. Please check back for updates.

Read the original article on Business Insider