President Donald Trump said Wednesday he will not impose tariffs that were set to take effect Feb. 1, citing a "framework of a future deal" with NATO involving Greenland and the Arctic region.
"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 on Truth Social.
Trump said the deal, if finalized, "will be a great one for the United States of America, and all NATO Nations," adding that the agreement led him to halt the planned tariffs.
"Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st," he said.
Trump added that talks are continuing, saying, "Additional discussions are being held concerning The Golden Dome as it pertains to Greenland," and said Vice President JD Vance, Secretary of State Marco Rubio and special envoy Steve Witkoff will lead negotiations and "report directly to me."
In a spray later in the afternoon at the World Economic Forum in Davos, the president said the proposed deal framework "gets us everything we need to get."
"The deal is going to be put out pretty soon, we'll see. It's right now a little bit in progress, but pretty far along," Trump said to reporters. "It gets us everything we need it to get."
NATO CHIEF PRAISES TRUMP AT DAVOS, SAYS HE FORCED EUROPE TO ‘STEP UP’ ON DEFENSE
After being asked by another reporter about what NATO Secretary Rutte had to say during their meeting, Trump simply referred to him as "a great leader" and "fantastic."
"The Secretary General was representing the other side, which is really us too, because, you know, we're a very important member of NATO," he said. "I've done a lot for NATO. And it's really nice. I mean, it's a deal that everybody's very happy with."
NATO confirmed to Fox News Digital in a statement from Spokesperson Allison Hart that negotiations are aimed "at ensuring Russia and China never gain a foothold" in Greenland.
"The Secretary General had a very productive meeting with President Trump during which they discussed the critical significance of security in the Arctic region to all Allies, including the United States," Hart said in a statement.
"Discussions among NATO Allies on the framework the President referenced will focus on ensuring Arctic security through the collective efforts of Allies, especially the seven Arctic Allies. Negotiations between Denmark, Greenland, and the United States will go forward aimed at ensuring that Russia and China never gain a foothold - economically or militarily - in Greenland," Hart added.
CLICK HERE TO GET THE FOX NEWS APP
"As President Trump said, the details of the framework will continue to be unveiled as discussions continue," White House Spokeswoman Anna Kelly said to Fox News Digital. "The White House has nothing more to add at this time."
