**🗞️ What happened (Today):**
U.S. President Donald Trump has **reversed plans to impose punitive tariffs on several European countries**, scrapping measures that were set to take effect soon.
The decision follows a **“framework” diplomatic understanding with NATO leadership**, centered on **Arctic security and Greenland**.
**📍 Context:**
* The tariff threat was part of Trump’s aggressive stance on **Greenland’s strategic role** and U.S. involvement in Arctic security.
* EU leaders viewed the move as **coercive**, raising fears of a broader **transatlantic trade conflict**.
* Trump’s sudden climbdown has been dubbed **“TACO Thursday”** (“Trump Always Chickens Out”) by market commentators.
**📈 Market & Political Impact:**
* **European and U.S. stocks jumped** as investors priced out near-term trade war risk.
* EU officials expressed **cautious relief**, but warned that trust has been shaken.
* Several European leaders stressed **sovereignty concerns** and the need for more predictable U.S.–EU cooperation.
**⚠️ What still worries Europe:**
* The episode exposed **fragile transatlantic relations**
* Ongoing uncertainty around **U.S. foreign policy direction**
* Greenland and Arctic security remain **unresolved pressure points**
**📌 Key Takeaway:**
Trump’s reversal **defuses immediate trade tensions** and supports markets, but **diplomatic scars remain**. The EU sees this as a pause—not a reset—in U.S.–Europe relations.
Trade $BTC here👇
#Trump #EUTariffs #TransatlanticRelations #Markets #WEFDavos2026