Trump Announces Greenland Framework Deal, Withdraws Tariffs on Eight European Nations

President Donald Trump announced Wednesday (January 21, 2026) that he has reached a preliminary framework agreement with NATO on Greenland-related issues, leading to the withdrawal of planned February 1 tariffs on eight European countries. The move eased market tensions sparked by earlier trade threats. Trump stated in a post on Truth Social that he held a "highly constructive" call with NATO Secretary General Mark Rutte, forming a draft framework covering Greenland and broader Arctic cooperation. The deal, still incomplete, would benefit both the U.S. and all NATO members if finalized. As part of the announcement, Trump is retracting previously threatened 10% tariffs on imports from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland—set to rise to 25% by June 1 if unresolved. The dispute arose after these nations defended Greenland’s sovereignty amid U.S. acquisition efforts. Further negotiations will continue, including discussions on the "Golden Dome" missile defense initiative. Vice President Vance, Secretary of State Rubio, and envoy Steve Witkoff will lead talks. Trump ruled out military action, urging diplomatic resolution during his World Economic Forum speech in Davos.