Trump drops planned Feb 1 tariffs, cites Greenland deal framework

DAVOS, Switzerland -- US President Donald Trump said on Wednesday that talks with NATO Secretary General Mark Rutte produced "the framework of a future deal" concerning Greenland and the broader Arctic region, and announced he would not proceed with tariffs on eight European countries that were scheduled to take effect on Feb 1.

In a post on his Truth Social platform, Trump said the framework emerged from a "very productive meeting" with Rutte and would be "a great one for the United States of America, and all NATO Nations" if finalized.

"Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on Feb 1," Trump wrote, without providing details on the terms of the proposed agreement.

Trump also said further discussions were underway on "The Golden Dome," a proposed multi-layer missile defense system for the United States, as it relates to Greenland, adding that additional information would be released as talks progress.

He said that US Vice-President JD Vance, Secretary of State Marco Rubio and special envoy Steve Witkoff will lead the negotiations and report directly to him.

Ahead of his trip to the World Economic Forum in Davos, Trump had threatened new tariffs on eight European countries, including Denmark and major NATO countries such as the United Kingdom, France and Germany. At the time, Trump said the measures would remain in place until a deal is reached for the "complete and total purchase" of Greenland.