🤝♟️Trump Walks Back Tariff Threat On European Countries Over Greenland 🌍
On January 17, 2026, Trump threatened a 10% tariff on imports from eight countries: Denmark, Finland, France, Germany, the Netherlands, Sweden, the United Kingdom and Norway.
These tariffs were set to begin on February 1, 2026, and rise to 25% by June 1 if a deal for the U.S. to acquire or gain control of Greenland was not reached.
Trump withdrew the threat after reaching a "framework of a future deal" regarding Arctic security and Greenland with NATO. While he reiterated his interest in acquiring the island, he explicitly ruled out the use of military force.
📈 Market Impact
The news immediately boosted risk sentiment:
⚡ European stocks moved higher
⚡ The euro strengthened slightly against the dollar
⚡ U.S. equity futures turned positive
⚡ Industrial and export-heavy stocks outperformed
⚡ Crypto markets also saw a mild bounce as macro uncertainty eased.