Trump won’t charge EU tariffs after Greenland deal
President Trump on Wednesday announced on Truth Social that he had reached a deal with NATO on the future of Greenland and that he will not impose the 10% tariff he had threatened on all European exports to the United States.
The tariff would have affected wine, champagne and the many high-end cheeses and meats that the European countries export to the United States.
Trump posted the statement after meeting with NATO officials in Davos, Switzerland, and speaking at the World Economic Forum.
“Based upon a very productive meeting that I have had with the Secretary General of NATO, Mark Rutte, we have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,” Trump wrote. “This solution, if consummated, will be a great one for the United States of America, and all NATO Nations. Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st.”
But Trump’s early statements led to ruptures with other world leaders in Davos, Axios noted.
Mark Carney, prime minister of Canada, one of the most important trading partners of the United States, especially in agriculture and food, gave a speech about “a rupture in the world order, the end of a pleasant fiction and the beginning of a harsh reality, where geopolitics, where the large, main power, geopolitics, is submitted to no limits, no constraints.”
Carney continued, “On the other hand, I would like to tell you that the other countries, especially intermediate powers like Canada, are not powerless. They have the capacity to build a new order that encompasses our values, such as respect for human rights, sustainable development, solidarity, sovereignty and territorial integrity of the various states.”
-The Hagstrom Report
