U.S. President Donald Trump announced Wednesday that he has reached an "framework for a future agreement" with European countries, through NATO, regarding Greenland and the entire Arctic region, during his meeting with NATO Secretary General Mark Rutte on the sidelines of the World Economic Forum in Davos.
Based on this understanding, Trump announced that he would not impose the tariffs that were scheduled to take effect on February 1 on his European allies, which ended the threat of trade sanctions that could have ignited widespread tension in transatlantic relations.
Trump wrote in a post on his platform "Truth Social" that the meeting was "very productive" and that the solution based on this framework agreement would be "great" for the United States and all NATO countries, but he has not yet specified the final details of the anticipated agreement.
At the same time, Trump stated that the talks are still ongoing and that the final agreement has not been issued yet, which means that this announcement represents an initial step towards a broader understanding regarding Greenland and not a detailed or officially approved agreement.