Trump Lifts Tariff Threat, Announces Greenland Deal
Trump lifts 10% tariff threat on eight EU nations, citing a new framework for Greenland deal.
On Wednesday, January 21, 2026, President Donald Trump announced that he and NATO Secretary‑General Mark Rutte had outlined a framework for a future deal with respect to Greenland and the broader Arctic region. Trump said the agreement would benefit the United States and all NATO members, and as a result he withdrew a 10 % tariff that was scheduled to take effect on February 1, 2026. The tariffs had previously been raised to 25 % until the U.S. could secure ownership of Greenland. Trump refused to use military force to take the island, insisting negotiations should proceed peacefully. European officials suspended a trade pact with the U.S. as a reaction to the earlier tariff threat.
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