Donald Trump has walked back his threat to impose sweeping US tariffs on eight European countries, claiming he had agreed “the framework of a future deal” on Greenland. After what he called a “very productive” meeting with the Nato secretary general, Mark Rutte, on Wednesday, Trump claimed he had formed “the framework” of a deal over Greenland, without providing more information. I think it’s going to be a very good deal for the United States, also for them,” Trump told CNBC, the financial news network. Wall Street suffered its worst day since October on Tuesday, the first day it traded after Trump’s threat to attack Nato allies with tariffs over Greenland. In his speech at Davos, Trump said the US would not use military force to take Greenland but demanded “immediate negotiations”.

Source: The Guardian January 21, 2026 22:33 UTC