US President Donald Trump announced a sudden reversal on his planned tariffs against European countries, following a breakthrough agreement on Greenland and the Arctic region at the World Economic Forum (WEF) in Davos on January 21, 2026. Trump’s change of stance came after a high-level meeting with NATO Secretary General Mark Rutte, during which the two discussed a framework for a potential future deal regarding Greenland, a Danish territory that Trump has long expressed interest in acquiring.
The decision to halt the tariffs, which were set to affect several European nations including Denmark, Finland, France, and Germany, sent US stock markets soaring. The S
