Trump drops tariff threat against Europe after Greenland talks with NATO’s Secretary General Mark Rutte

/ 2 min read
Summary

The US President stressed that US interest in Greenland was driven by security concerns, not rare earth minerals, and said the U.S. would not use military force to take over the territory

The move follows amid Trump’s renewed focus on Greenland, the autonomous Danish territory he views as strategically vital for the United States and its allies.
The move follows amid Trump’s renewed focus on Greenland, the autonomous Danish territory he views as strategically vital for the United States and its allies.

US President Donald Trump on Thursday said he had shelved plans to impose fresh import tariffs on eight European countries, citing progress towards a prospective deal on Greenland and broader Arctic security. The decision came after a meeting with NATO Secretary General Mark Rutte and was announced on Trump’s social media platform, Truth Social. 

ADVERTISEMENT
Sign up for Fortune India's ad-free experience
Enjoy uninterrupted access to premium content and insights.

The move follows amid Trump’s renewed focus on Greenland, the autonomous Danish territory he views as strategically vital for the United States and its allies. Earlier, he had warned of imposing steep tariffs on Denmark and seven other European countries if they declined to engage in talks on Greenland. 

Explaining his decision, Trump linked the tariff rollback to discussions on a broader security framework for the Arctic region. “Based upon a very productive meeting that I have had with the Secretary General of Nato, Mark Rutte, we have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,” Trump wrote. He said the proposed plan could benefit both the US and Nato allies. “Based upon this understanding, I will not be imposing the tariffs that were scheduled to go into effect on February 1st,” he added. 

Trump also said discussions were continuing what he referred to as “The Golden Dome” in relation to Greenland, without providing further details. He added that Vice President J.D. Vance, Secretary of State Marco Rubio, Special Envoy Steve Witkoff, and other senior officials would lead the negotiations and report directly to him. 

Call for talks with European allies on Greenland 

Earlier in the day, Trump addressed the World Economic Forum annual meeting in Davos, where he repeated his call for talks with European allies on Greenland.  

He said his position did not threaten Nato and argued that the US was best placed to protect the region. “It’s the United States alone that can protect this giant mass of land, this giant piece of ice, make it safe for Europe and good for us,” Trump said.  

Claims of security reasons in acquiring Greenland 

Trump also stressed that U.S. interest in Greenland was driven by security concerns, not rare earth minerals, and said the U.S. would not use military force to take over the territory. 

Recommended Stories

Denmark welcomed the decision to withdraw the tariff plan, with Foreign Minister Lars Lokke Rasmussen calling it a positive development. “The day is ending on a better note than it began,” he said, adding that easing trade tensions would help improve relations. 

The proposed tariffs were due to begin at 10% next month and increase to 25% by June. European leaders had strongly opposed the move, warning they would not yield to pressure over Greenland and would respond firmly if the tariffs were implemented. 

ADVERTISEMENT
Explore the world of business like never before with the Fortune India app. From breaking news to in-depth features, experience it all in one place. Download Now