Trump Greenland News Highlights: Trump cancels tariffs on Europe after NATO agrees on ‘framework’ for Greenland deal

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Shortly after his speech at the World Economic Forum (WEF) in Davos, where he softened his stance and signalled his openness to negotiations, Trump said that he had met NATO Secretary General Mark Rutte and chalked out a 'framework for a future deal'.

Click here to check details of the deal.

US President Donald Trump on Wednesday backed away from his threat to impose tariffs on several countries over their position on Greenland, saying he reached the outlines of an agreement with NATO regarding the island’s future.

“Based upon this understanding, I will not be imposing the tariffs that were scheduled to go into effect on February 1st,” Trump wrote on Truth Social following a meeting with NATO Secretary General Mark Rutte in Davos. He did not provide further details of the arrangement.

Donald Trump said he would be “announcing a new Fed chairman in the not-too-distant future", adding that he expected the pick to perform well. “I think he’ll do a very good job,” Trump said. “Everyone that I interviewed is great. Everyone could do, I think, a fantastic job. The problem is they change once they get the job.”

The S&P 500 Index gained 0.7% as of 11:38 am in New York, recovering after the benchmark slid in the previous session amid concerns about the risk of a full-blown trade war with Europe as Trump intensified his push to take over Greenland, Bloomberg reported. The Nasdaq 100 rose 0.9%, while the Russell 2000 Index advanced 1%. Wall Street’s fear gauge, the Cboe Volatility Index, or VIX, briefly fell below 18.

As per Reuters, US President Donald Trump said, ‘We’re getting closer on Ukraine war."

As per AP, in an extraordinary speech at the World Economic Forum, the president described the territory he was seeking as "cold and poorly located.” He added that the US had effectively saved Europe during World War II and remarked about NATO: “It’s a very small ask compared to what we have given them for many, many decades.”

US President Donald Trump expressed confidence that India and the US would strike a “good deal” under the proposed Bilateral Trade Agreement, and praised Prime Minister Narendra Modi while speaking after his Davos address. Read here

Trump Davos Speech LIVE: At the World Economic Forum in Davos, US President Donald Trump criticised Europe as “not heading in the right direction,” revived his push for US control of Greenland, while touting America’s economic revival under his leadership.

Trump Davos Speech LIVE: While speaking at Davos, Trump had claimed that the US is nearing a ceasefire agreement in Ukraine but acknowledged that “abnormal hatred” between Zelensky and Putin had delayed talks, adding that he had expected a deal to be reached sooner. Read here

Trump used his address at the World Economic Forum on January 21 to sharply criticise Europe’s direction, press for US control of Greenland as a strategic priority, question NATO commitments, highlight American economic strength, and preview leadership changes at the Federal Reserve. Read here

During the Q&A session with the World Economic Forum president, Trump brought up the situation in Minnesota and claimed the protesters there are "insurrectionists."

Trump Davos Speech LIVE: Following his speech at Davos, Trump claimed that he's always had a ‘very good relationship’ with Chinese president Xi Jinping.

Donald Trump has now ended his speech at WEF. "The United States is back, bigger, stronger, better than ever before, and I'll see you around," Trump said as his closed his remarks.

Trump Davos Speech LIVE: Donald Trump said he would be ‘announcing a new Fed chairman in the not-too-distant future’. I think he’ll do a very good job," Trump said. "Everyone that I interviewed is great. Everyone could do, I think, a fantastic job. The problem is they change once they get the job."

Trump Davos Speech LIVE: The European Parliament has formally put the implementation of the trade deal struck with Donald Trump on hold, following his threat to impose new tariffs linked to Greenland.

In a post on X, Bernd Lange, chair of the Parliament’s international trade committee, said the pause was now official. “The EU–US deal is on hold until further notice,” he wrote, adding that the negotiating team had decided to suspend work on the legal implementation of the Turnberry deal.

Trump Davos Speech LIVE: Donald Trump claimed that after he came to power, Washington DC has become the ‘safest place in the US' – which earlier – he described, was ‘very dangerous’.

Trump Davos Speech LIVE: After speaking about Greenland, Trump detailed tense tariff talks with Swiss leaders amid trade friction. He said lower Swiss tariffs ‘doesn’t mean it couldn't go up'

Davos 2026 LIVE: Trump claimed he was not confident that NATO would come to the United States’ aid if it were ever needed — despite the alliance having done exactly that in the past.

“We’ll be there for them 100%, but I’m not sure that they’d be there for us,” Trump said.

Davos 2026 LIVE: "I know Putin very well he and I would discuss Ukraine. It was the apple of his eye, but he wasn’t going to do anything," Trump said. "I said, flatter me. You’re not doing it. He would never have done it. It was terrible. What happened. I could see it happening too. After I left, I could see it happening."

Trump took aim at Denmark for what he called inadequate NATO security spending, arguing that the United States alone is capable of protecting Greenland. He also spoke about developing and improving the island, without spelling out what those plans would involve.

The US president went on to call for “immediate” negotiations over American control of Greenland — a proposal that European officials have strongly and repeatedly rejected.

Trump Davos Speech LIVE: Focusing on his ambition of acquiring Greenland, Donald Trump claimed that all the US is asking for is ‘to get Greenland, Right, Title and Ownership’

Davos 2026 LIVE: The POTUS derided Europe while addressing the WEF on Wednesday. “I love Europe and I want to see Europe go good, but it’s not heading in the right direction,” Trump said. He added, “We want strong allies, not seriously weakened ones."

Trump also proclaimed that, “When America booms the whole world booms,” and, “You all follow us down and you follow us up.”

Davos 2026 LIVE: Trump, while addressing the WEF in Davos, made a bold claim that only 'great power’ US can defend Greenland. His comments come amid the massive tensions between US and its EU allies over his ambitions of acquiring the island.

Davos 2026 LIVE: Donald Trump took a swipe at China, while addressing the WEF, claiming that nation “makes wind farms, but uses coal.”

Davos 2026 LIVE: Trump's address is being closely watched around the world given prevailing tensions – which also comes after Canadian Prime Minister Mark Carney's explosive speech at the WEF on Tuesday, wherein he highlighted a "rupture" in the rules-based global order and warned of great powers acting without constraint, alluding to the US President without naming him

Davos 2026 LIVE: Trump, once again reiterated his claim that when ‘America booms, the whole world booms’. At WEF, Trump boldly declared: “When the United States goes up, you follow”. His speech comes amid escalating tensions between the US and the European Union (EU) over the issue of Greenland – a NATO ally.

Trump Davos Speech LIVE: Amid the escalating tensions between US and its EU allies over the issue of Greenland, Trump began his speech at WEF, claiming that “Europe is not heading in the right direction.”

Trump Davos Speech LIVE: Beginning his address at the WEF in Davos, Trump said the US economy is on the pace to grow at a double rate than projected by the IMF

Trump Davos Speech LIVE: The US President is set to begin his address at the WEF shortly

Davos 2026 LIVE: Trump arrived on a smaller Boeing 757 plane typically used by the US vice president and other Cabinet members, after the Air Force One – initially planned to use for the transatlantic trip encountered a snag. Trump’s first flight from Joint Base Andrews departed at about 9:45 p.m. local time on Tuesday before returning and landing shortly after 11 p.m.

Davos 2026 LIVE: On Tuesday, Trump down-played the risk of a trade rupture with Europe, expressing confidence that the European Union would continue investing in the United States even if he moves ahead with new tariffs tied to his push to take control of Greenland.

Davos 2026 LIVE: Donald Trump’s special address in Davos is set take place as scheduled, according to the World Economic Forum. He is set to give his speech at 2:30 PM CET, which is 7pm IST