BySara Dorn,
Forbes Staff.
President Donald Trump on Wednesday called off his plan to impose new tariffs on eight European countries providing military support to Greenland, saying he’s reached a “framework of a future deal with respect to Greenland” with NATO’s secretary general.
Trump threatened over the weekend to impose a 10% tariff, starting Feb. 1 and increasing to 25% in June, on Denmark and seven other countries providing enhanced security to Greenland in the wake of Trump’s threats to take over the island.
Trump canceled the tariffs in an announcement on Truth Social after meeting with NATO Secretary General Mark Rutte at the World Economic Forum in Davos, Switzerland.
