"We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region," Trump wrote on his Truth Social platform. "Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st." Wall Street benchmarks had been trading in positive territory at the time of the announcement, but soared in its wake as investors cheered the aversion of a potential new tariff war over the future of Greenland. Before the mid-afternoon Greenland announcement, Wall Street had been broadly positive, as investors responded to Tuesday's bruising selloff. Kraft Heinz fell 5.7% after a regulatory filing showed Berkshire Hathaway may shed its 27.5% stake in the consumer company.

Source: The Star January 22, 2026 01:05 UTC