Overview
- After meeting NATO Secretary‑General Mark Rutte in Davos, President Trump canceled planned tariffs on Denmark and seven other European allies that were set to start at 10% on Feb. 1 and rise later.
- Trump ruled out using military force and touted a long‑term framework tied to Arctic security, critical minerals and his proposed $175 billion “Golden Dome” missile‑defense concept.
- Rutte said Greenland’s sovereignty “did not come up” in talks, while NATO indicated Denmark, Greenland and the U.S. will negotiate to ensure Russia and China do not gain a foothold on the island.
- Danish leaders reiterated that Greenland is not for sale and set a clear red line against ceding sovereignty, as the EU Parliament paused approval of a separate U.S.–EU trade deal in protest of recent threats.
- Stocks rebounded on the de‑escalation, but key terms of the framework remain unspecified and negotiations will continue.