Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today
The tariff clock stopped just in time.
U.S. President Donald Trump announced Wednesday that he and NATO Secretary General Mark Rutte have agreed on what he called a “framework of a future deal” involving Greenland, prompting him to pull back threatened tariffs on European countries that were set to take effect Feb. 1.
Details, for now, remain elusive. Trump described the framework as more of a “concept” in an interview with CNBC’s Joe Kernen, saying it would involve U.S.-European collaboration on a proposed Golden Dome missile defense system and access to mineral resources in Greenland.
Trump, however, demurred when pressed for specifics, saying, “It’s a little bit complex, but we’ll explain it down the line.”
