Trump Halts Tariff Threat Over Greenland Deal Framework

• President Trump announced he would not impose tariffs on European nations after a "framework of a future deal" for Greenland and the Arctic Region was reached.
• The decision, shared on social media, reverses Trump's previous attempts to coerce Europe over Greenland and followed a meeting with NATO Secretary General Mark Rutte in Davos.
• Details of the "framework" remain unclear, with Denmark having previously ruled out negotiations on ceding the semi-autonomous island.
• US stocks rallied on the news, with the S&P 500 and Nasdaq 100 reaching session highs, while the Bloomberg Dollar Index also rose.
• Negotiations involving Denmark, Greenland, and the US will proceed to ensure Russia and China do not gain a foothold in Greenland, focusing on Arctic security.

Why It Matters: Trump paused tariff threats on Europe, citing a Greenland deal framework, despite Denmark's sovereignty stance.