US President Donald Trump has announced he has reached a "framework for a deal" over Greenland following a meeting with NATO chief Mark Rutte, and that he would therefore waive tariffs scheduled to hit European allies.
"We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region," Trump said in a post on Truth Social.
The US president did not provide any details on the framework, but added that his threatened tariffs against European countries who were resisting his quest to acquire Greenland were now off the table.
"Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st," Trump wrote.
He later told reporters that the deal "gets everything we wanted" and will be in force "forever."
Mr Trump, however, did not say if the deal framework met his demand of US ownership of the Danish autonomous territory.
"It's a deal that people jumped at, really fantastic for the USA, gets everything we wanted, including especially real national security and international security," he said.
Watch: Trump tells Davos he wants 'immediate negotiations' to acquire Greenland
Mr Trump's quest to take the strategic Arctic island of Greenland from NATO ally Denmark has deeply shaken the global order and markets.
Wall Street stocks opened higher today after his speech, and jumped further following his Truth Social post.
In a speech earlier today at the World Economic Forum at Davos, Trump had - for the first time - ruled out using force, but demanded "immediate negotiations" to acquire the island from Denmark.
"We probably won't get anything unless I decide to use excessive strength and force where we would be, frankly, unstoppable - but I won't do that," Trump said.
"I don't have to use force. I don't want to use force. I won't use force. All the United States is asking for is a place called Greenland."
Taoiseach Micheál Martin and Tánaiste Simon Harris welcomed the withdrawal of tariff threats by Mr Trump.
The Taoiseach said that business leaders had expressed to him that political stability was necessary for economic development.
Mr Harris said that the withdrawal of the threatened tariffs was welcome but warned that there was still much detail to emerge on any agreement and "much volatility", after Mr Trump had repeatedly stated his desire to acquire Greenland from the US' NATO ally Denmark.
'Day has ended better than it started' - Denmark FM
Denmark's foreign minister, Lars Løkke Rasmussen, has said the day has "ended better than it started" and that it was "positive" that Donald Trump has said he will "end this trade war".
He said that what is important for Denmark was that "we end this in a way that respects the Greenlandic people".
He said he hoped it was a "signal" and that talks could now commence with Mr Trump's people.
Europe and Canada had earlier closed ranks against what they view as a threat to the US-led global order from Mr Trump's territorial ambitions over semi-autonomous Greenland.
In Britain, Prime Minister Keir Starmer said he would not "yield" to pressure from Trump on Greenland.
Canada's Prime Minister Mark Carney won a standing ovation at Davos yesterday when he warned of a "rupture" to the US-led system. French President Emmanuel Macron meanwhile said Europe would not be bullied.
But Trump, who was due to meet a number of leaders in Davos, renewed his attacks on the French president and Canadian premier.
He mocked Macron for wearing sunglasses at Davos, which the French president said was because of an eye condition, and said that Carney "wasn't so grateful" and that Canada "lives because of the United States".
Prior to meeting Mr Trump, NATO chief Rutte had told Davos that "thoughtful diplomacy" was needed, as the US claims over Greenland provoked an existential crisis for the group.
"There are these tensions at the moment, there's no doubt," said Mr Rutte, who has been dubbed the "Trump whisperer" for his ability to deal with the US president.
Mr Rutte also pushed back against Trump after the US leader said he doubted NATO would come to the aid of the United States if asked. "I tell him, yes they will," he said.
Trump however repeated his doubts on NATO during his speech, saying Washington was treated "so unfairly".
The Greenland row has also soured relations with the European Union, which has threatened countermeasures after Trump vowed tariffs of up to 25% on eight European countries for backing Denmark.
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French President Emmanuel Macron's office had warned at Davos against US attempts to "subordinate Europe", and blasted Mr Trump's "unacceptable" threats to impose tariffs on allies over Greenland.
Mr Trump will tomorrow formally announce the first charter of his so-called 'Board of Peace', a body for resolving international conflicts with a $1 billion (€853m) price tag for permanent membership.
In a speech that veered from topic to topic, Trump also boasted of his achievements since his return to power a year and a day ago. He last spoke at Davos in his first term in 2020.
Trump unleashed his trademark anti-migrant rhetoric, particularly against Somalis in the United States - while hailing the US economy as the "engine" of the world.
The US president also expressed hope of ending the Ukraine war soon, saying he expected to meet President Volodymyr Zelensky in Davos on Thursday.
'Crisis' guidelines released by Greenland amid US threat
Greenland's government unveiled a new brochure offering advice to the population in the event of a "crisis" in the territory, which US President Donald Trump has repeatedly vowed to seize from ally Denmark.
Guidance includes stockpiling food and water, hunting weapons and ammunition.
It resembles a similar document released by the Polish government last week, which detailed special advice on how to navigate a crisis, as reported by RTÉ News' Liam Nolan.
The document is "an insurance policy", said Self-Sufficiency Minister Peter Borg at a press conference in Nuuk, the Greenlandic capital.
"We don't expect to have to use it," Mr Borg said.
Work on the brochure, titled 'Prepared for Crises - Be Self-Sufficient for Five Days', began last year "against a backdrop of power outages of varying duration", according to the Greenland government.
The guidance recommends storing five days' worth of food, three litres of water per person per day, toilet paper, a battery - powered radio, plus weapons, ammunition and fishing equipment.
Read the full coverage of Donald Trump's Davos speech here
