On January 21, 2026, US President Donald Trump holds a bilateral meeting with NATO Secretary-General Mark Rutte at the World Economic Forum (WEF) in Davos, Switzerland.
Jonathan Ernst | Reuters
President Donald Trump said Wednesday that he and NATO Secretary-General Mark Rutte have “formed the framework for a future agreement on Greenland.”
As a result of the negotiations, President Trump said he would no longer impose punitive tariffs on many European countries, which were scheduled to begin on February 1st.
Read President Trump’s full announcement posted on Truth Social.
Based on a very productive meeting with NATO Secretary-General Mark Rutte, we formed the framework for a future agreement on Greenland, and indeed on the entire Arctic region. Once completed, this solution would be a great solution for the United States and all NATO countries. Based on this understanding, I will not impose the tariffs that were scheduled to take effect on February 1st. The Golden Dome is subject to additional discussion as it relates to Greenland. Further information will be released as discussions progress. Vice President J.D. Vance, Secretary of State Marco Rubio, Special Envoy Steve Witkoff, and various others as needed will be responsible for negotiations and will report directly to me. Thank you for your consideration in this matter.
Immediately after Trump posted the update, stocks skyrocketed.
Details of the framework agreement were unclear. The White House did not immediately respond to CNBC’s request for additional information.
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