Trump says he reached Greenland deal 'framework' with NATO, backs off Europe tariffs
By: Kevin Breuninger (CNBC)
TRUMP CAVES!
S E E D E D C O N T E N T
Published Wed, Jan 21 2026
- President Donald Trump said he and NATO Secretary General Mark Rutte have "formed the framework of a future deal with respect to Greenland."
- Trump said that as a result of that negotiation, he would no longer impose punitive tariffs on a slew of European countries that were set to begin Feb. 1.
- Stocks shot up immediately after Trump posted the update.
U.S. President Donald Trump holds a bilateral meeting with NATO Secretary General Mark Rutte at the World Economic Forum (WEF) in Davos, Switzerland, Jan. 21, 2026. Jonathan Ernst | Reuters
President Donald Trump on Wednesday said he and NATO Secretary General Mark Rutte have "formed the framework of a future deal with respect to Greenland."
Trump said that as a result of that negotiation, he would no longer impose punitive tariffs on a slew of European countries that were set to begin Feb. 1.
Read Trump's entire announcement, which he posted on Truth Social:
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. This solution, if consummated, will be a great one for the United States of America, and all NATO Nations. Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st. Additional discussions are being held concerning The Golden Dome as it pertains to Greenland. Further information will be made available as discussions progress. Vice President JD Vance, Secretary of State Marco Rubio, Special Envoy Steve Witkoff, and various others, as needed, will be responsible for the negotiations — They will report directly to me. Thank you for your attention to this matter!
Stocks shot up immediately after Trump posted the update.
Details about the framework agreement were unclear. The White House did not immediately respond to CNBC's request for additional information.
Despite its lack of detail, the announcement marks a stunning twist in the ongoing controversy over Trump's persistent efforts to acquire Greenland for the U.S.
The Trump administration in recent weeks has floated buying the island or even utilizing the U.S. military to take control of it, even though it is a territory of Denmark, a NATO ally.
Danish and Greenlandic officials have rebuffed the U.S., reiterating that Greenland is not for sale. As tensions ratcheted up, a slew of European NATO nations increased their military presences in the territory.
Over the weekend, Trump responded by threatening to hit those countries with new tariffs starting at 10% next month and increasing to 25% in June.
Earlier Wednesday, during a speech at the World Economic Forum in Davos, Switzerland, Trump laid out his case for the U.S. to obtain Greenland on national-security grounds.
But Trump said he would not use military force in pursuit of the territory. Stocks, which had plummeted a day earlier amid Trump's increasing aggression toward Greenland, immediately rebounded.
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What the hell does NATO Secretary General Mark Rutte have to do with making a deal over Greenland? Trump is spreading bullshit trying to hide the fact that he was forced to back down. Or is Trump really so stupid he doesn't realize he's bought the Brooklyn Bridge?
They probably told him it would take a couple of years and they would rename it Trumpland. /s
There are certainly elements among European leadership that are willing to bow down to Trump. Gavin Newsom talked at a little length about this just yesterday.
Now Trump will want more. He will probably ask for a special Nobel Prize titled All -Time Benefactor Of Humanity and Rutte will do all he can to see he gets it.
Denmark isn't involved. This was only a discussion between Trump and Rutte.
Yep...
Sorry, Nerm. I just read evil's satire blog and thought this was a bit of satire. Especially the part about stocks going up
Yes, stocks have moved up nicely into the close today!
Nope, not satire, just sad. At least Trump got to ride his war pig in the parade.
It's a concept of a framework of a timeline of a future deal... that will last "forever". I'm sure we will hear all about it in 2 weeks.
I believe Rutte is the one who called Trump "Daddy" last year.
He did. Rutte is from the Netherlands. "Daddy" means "big, fat stupid pig" in Dutch.
I was just thinking that a "framework of a deal" is the same as Trump's "concept of healthcare".
Exactly the same. In fact, they're the same plan. Non-existent.
MAGA will just believe this fantasy without question and praise him for making “another great deal.”
If Greenland is invaded.