Trump drops planned Feb 1 tariffs, cites Greenland 'deal framework'

DAVOS, Switzerland -- U.S. President Donald Trump said on Wednesday that talks with NATO Secretary General Mark Rutte produced "the framework of a future deal with respect to Greenland" and announced he would not move forward with tariffs on eight European countries that were scheduled to take effect Feb 1.

In a post on his Truth Social platform, Trump said the framework emerged from a "very productive meeting" with Rutte and would be "a great one for the United States of America, and all NATO Nations" if finalized.

"Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on Feb 1," Trump wrote, without providing details on the terms of the proposed agreement.