President Donald Trump withdraws February 1st tariff threat after reaching NATO deal outline on Greenland

President Donald Trump has withdrawn imminent tariff threats after reaching a NATO deal outline regarding Greenland. Global markets rallied as trade risks eased.

Insights:
President donald trump announced on Wednesday that the USUS has withdrawn a threat to impose tariffs scheduled for February 1st on a number of nations regarding their stance on GLGL. The announcement was made on Truth Social following a meeting with NATO Secretary General mark rutte in Davos. donald trump stated that he has reached the outlines of a deal with NATO on the future of GLGL, leading to the decision to halt the upcoming trade measures.
U.S. President Donald Trump listens during a bilateral meeting with NATO Secretary General Mark Rutte (not pictured) at the World Economic Forum (WEF) in Davos, Switzerland, January 21, 2026. REUTERS/Jonathan Ernst
U.S. President Donald Trump listens during a bilateral meeting with NATO Secretary General Mark Rutte (not pictured) at the World Economic Forum (WEF) in Davos, Switzerland, January 21, 2026. REUTERS/Jonathan Ernst
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