Trump Cancels Greenland Tariffs After 'Friendly Chat' in Davos

KEY POINTS

•Trump announced he would impose tariffs starting February 1 on multiple European countries over Greenland control.
•After meeting NATO’s Mark Rutte in Davos on January 21, he canceled the tariffs and hinted at a forthcoming Arctic deal.
•VP JD Vance, Secretary Rubio, and envoy Steve Witkoff will join negotiations following Trump’s Truth Social announcement.

In a dazzling display of international negotiation skills, Donald Trump suspended planned tariffs on Sweden, Norway, France, Germany, the UK, the Netherlands, and Finland—countries he threatened with a 10% tariff starting February 1, rising to 25% in June—over Greenland. This majestic island real estate drama unfolded after a Wednesday Davos powwow with NATO Secretary General Mark Rutte, where they hatched a 'framework for a future deal' on the Arctic, supposedly without any force. The team roping-in announcements featured VP JD Vance, Secretary of State Marco Rubio, and envoy Steve Witkoff, because when the US goes Arctic shopping, it likes to bring its A-team of reality TV, lawmaking, and private equity. Trump's Truth Social post was the final curtain, promising follow-up intel to the increasingly bewildered global markets that were rattled by the initial tariff tantrum.