Update (1430ET): Global markets are roiling once again following a post from President Trump on his social media feed that “based upon a very productive meeting” with the NATO SecGen Mark Rutte:
“we have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region.
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.
Additional discussions are being held concerning The Golden Dome as it pertains to Greenland.
Further information will be made available as discussions progress.
Vice President JD Vance, Secretary of State Marco Rubio, Special Envoy Steve Witkoff, and various others, as needed, will be responsible for the negotiations — They will report directly to me. “
Of course, there is nothing in this statement that mentions any discussions with Greenland itself… or EU nations.
Additionally, President Trump spoke to CNBC’s Joe Kernen and made the following key points:
- *TRUMP: GREENLAND FRAMEWORK IS A LONG TERM DEAL
- *TRUMP: GREENLAND FRAMEWORK PUTS EVERYONE IN A GOOD POSITION
- *TRUMP: FRAMEWORK IS A DEAL THAT’S ‘FOREVER’
- *TRUMP SAYS `I ASSUME’ DENMARK HAS WEIGHED IN POSSIBLE DEAL INVOLVING GREENLAND
- *TRUMP: GREENLAND THREAT WAS A TRADE WAR, DON’T SEE US FIGHTING
- *TRUMP SAYS US TO BE ‘INVOLVED’ IN GREENLAND MINERAL RIGHTS
Who could have seen this coming?
As JPM noted:
- The most likely outcome is a NEGOTIATED ARRANGEMENT that expands US security/eco presence in the territory and addresses US stated objectives – stronger Arctic security posture, enhanced early warning for missile defense and access to Greenland’s natural resources – while Denmark preserves sovereignty.
- A SALE is less likely because the US does not need formal territorial control to achieve the stated objectives, and it would seem had to get approval from both Denmark and Greenland.
- An INVASION is really a tail outcome for more than one reason: polls horribly with voters and, needless to say, it would melt NATO faster than Arctic ice…
And there we go… will Denmark start buying USTs again now… with all the cash they are going to get from Trump?
Anyone else getting ‘China Trade Truce’ deja vu feelings all over again?
- Oct 26, 2025: US reaches “framework of a potential trade deal” with China
- Jan 21, 2026: US reaches “framework of a future deal” on Greenland
