U.S. President Donald Trump has withdrawn his plan to impose a 10 percent tariff on eight European countries, including the United Kingdom, Germany, and France, which was set to take effect on February 1. The decision followed his meeting with the NATO Secretary-General during the World Economic Forum in Davos, Switzerland. Trump announced on Truth Social that they had developed a framework for a future agreement concerning Greenland and that, based on this understanding, he would not proceed with the tariffs.

Trump described the meeting as highly productive and said the potential agreement would benefit both the United States and all NATO members. He added that discussions regarding an initiative called “The Golden Dome” related to Greenland are ongoing, with Vice President JD Vance, Secretary of State Marco Rubio, and special envoy Steve Witkoff involved in the talks.

Despite the announcement, questions remain about the future U.S. role in Greenland. Trump had previously expressed interest in Greenland’s ownership due to increasing Russian and Chinese presence, a stance opposed by several European nations.