tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Trump Cancels Greenland Tariffs Following ‘Framework’ Acquisition Plan

Trump Cancels Greenland Tariffs Following ‘Framework’ Acquisition Plan

President Trump announced on Wednesday that he will not move forward with his original proposal to impose a 10% tariff on eight European countries. The decision followed talks with NATO Secretary General Mark Rutte, which led to a “framework of a future deal” to acquire the self-governing territory.

Claim 50% Off TipRanks Premium

“Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st,” Trump said in a Truth Social post. “Additional discussions are being held concerning The Golden Dome as it pertains to Greenland.”

Denmark Pushes Back as Trump Seeks Greenland Talks

Trump didn’t immediately specify the details of the deal, although he mentioned that negotiations would be led by Vice President JD Vance, Secretary of State Marco Rubio, and Special Envoy Steve Witkoff.

Earlier today, Trump called for immediate negotiations to acquire Greenland and ruled out using force as part of his plan. Danish Foreign Minister Lars Løkke Rasmussen rejected Trump’s request for a discussion but said it was a “positive sign” that Trump will avoid utilizing the U.S. military.

Stay ahead of macro events with our up-to-the-minute Economic Calendar — filter by impact, country, and more.

Disclaimer & DisclosureReport an Issue

1