Cyprus Times

Trump Backs Down on Tariffs, Hints at 'Everlasting' Greenland Deal

Published January 22, 2026, 08:12
Trump Backs Down on Tariffs, Hints at 'Everlasting' Greenland Deal

Donald Trump, at the World Economic Forum in Davos, announced he would refrain from imposing tariffs on European products, linking the decision to a 'future agreement' regarding Greenland. This move represents a retreat from his previous attempts to pressure Europe into relinquishing control of the island. The agreement, as described, will involve cooperation on Arctic security, mineral exploitation, and missile defense, with Trump stating it will be 'forever'. However, the details of the agreement remain vague, and Denmark has already ruled out any cession of Greenland. NATO Secretary-General Mark Rutte confirmed discussions on Arctic security, energy, and missile defense, but not on Greenland's sovereignty. Trump's visit to Davos generated significant interest, with business leaders waiting for hours to hear him speak.