Trump Claims He Has a Deal on Greenland

President Trump said he wouldn’t impose tariffs on several European nations after he reached the “framework of a future deal” on Greenland and the Arctic region with NATO Secretary-General Mark Rutte, the Wall Street Journal reports.

New York Times: “The details of any framework aside, the president’s decision to back down from steep new tariffs on European countries came days after financial markets recoiled over the prospect of a tit-for-tat trade escalation across the Atlantic. Some analysts felt that a protracted battle threatened to harm the U.S. economy, not just the countries that Trump had been trying to pressure over Greenland.”

“Nevertheless, it was not the first time that the president has retreated from his tariff plans, particularly in the wake of a strong market reaction. Since the beginning of his trade war, he has taken an on-again, off-again approach with some of his most punishing duties.”