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You are at:Home»Tech»Trump lifts threatened tariffs after reaching “framework deal” for Greenland
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Trump lifts threatened tariffs after reaching “framework deal” for Greenland

Nana MediaBy Nana MediaJanuary 25, 20262 Mins Read
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Trump lifts threatened tariffs after reaching “framework deal” for Greenland
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Introduction to the Recent Development

The US president recently made a significant announcement regarding his stance on tariffs and Greenland. This development came after he reiterated his interest in acquiring the island.

The Initial Demand

The president had expressed his desire for the US to "get Greenland," which was met with resistance from European nations. As a result, he threatened to impose tariffs on these nations.

The Tariff Threat

The tariffs, set at 10 percent, were scheduled to take effect on February 1. However, in a surprising turn of events, the president announced that he would not be imposing these tariffs as previously planned.

The Change of Heart

The decision to abandon the tariff plan came after the president claimed to have reached a "framework for a future agreement" with NATO chief regarding Greenland. This agreement apparently led to the president’s change of heart on the tariffs.

The Announcement

The news was shared on the president’s social media platform, where he stated that the agreement with NATO chief had prompted him to reconsider the tariffs. This move marks a significant shift in the president’s stance on the issue.

Implications of the Decision

The decision not to impose tariffs is likely to have significant implications for trade relations between the US and European nations. It remains to be seen how this development will affect the ongoing discussions about Greenland and future trade agreements.

Greenland International trade Tariff Trade agreement
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