Trump Reverses Tariff Threat After NATO Talks, Eyeing Greenland Acquisition

Thu Jan 22 2026 11:54:48 GMT+0200 (Eastern European Standard Time)

Following a productive meeting with NATO Secretary General Mark Rutte, President Trump announced his decision to drop planned tariffs on European countries opposing the US acquisition of Greenland. This comes as he emphasizes potential deals involving mineral rights from Greenland’s rich resources.

In a recent social media announcement, President Trump stated he will not impose tariffs on European nations that disagreed with the US's ambitions regarding Greenland, particularly after productive discussions with NATO leaders. The president is eyeing long-term deals involving Greenland's mineral rights, which could impact global technology industries. Despite previous threats of tariffs against NATO allies, Trump assured future negotiations would be guided by Secretary of State Marco Rubio and Special Envoy Steve Witkoff, as the dynamics around Greenland's resources gain attention.

President Donald Trump has stated he no longer plans to impose tariffs on European countries that had opposed his ambitions for the US to acquire Greenland.

In a social media post, Trump mentioned that his decision followed a very productive meeting with NATO Secretary General Mark Rutte.

He tweeted, This solution, if consummated, will be a great one for the United States of America, and all NATO nations.

Trump explained to CNBC that the prospective deal could involve mineral rights, emphasizing the strategic importance of Greenland's untapped resources.

Trump's announcement further outlines that Secretary of State Marco Rubio and Special Envoy Steve Witkoff will oversee the negotiations.

Trump had previously threatened a 10% tariff on goods from the UK and several European countries if they did not cooperate on the Greenland acquisition, reflecting the heightened stakes surrounding this territory rich in rare earth minerals essential for modern technology.

During his speech at the World Economic Forum, Trump called for immediate negotiations while assuring he would not resort to force to acquire Greenland.

The situation remains dynamic as NATO members react to these developments, particularly in light of previous concerns about Trump's tariff threats and their implications for transatlantic relations.