Zürcher Nachrichten - Trump announces Greenland 'framework', backing off force and tariffs

EUR -
AED 4.253039
AFN 75.848841
ALL 92.870483
AMD 423.212334
ANG 2.072709
AOA 1063.115472
ARS 1724.246347
AUD 1.633351
AWG 2.085989
AZN 1.969006
BAM 1.957707
BBD 2.32967
BDT 141.988339
BGN 1.964525
BHD 0.436225
BIF 3457.969088
BMD 1.158078
BND 1.479542
BOB 13.481135
BRL 6.049775
BSD 1.156727
BTN 110.320485
BWP 15.583183
BYN 3.518228
BYR 22698.334915
BZD 2.326367
CAD 1.60589
CDF 2632.311481
CHF 0.940452
CLF 0.026882
CLP 1058.010682
CNY 7.809152
CNH 7.808528
COP 3626.869657
CRC 520.407031
CUC 1.158078
CUP 30.689075
CVE 110.372536
CZK 24.216802
DJF 205.980686
DKK 7.476774
DOP 67.705966
DZD 152.476557
EGP 58.231187
ERN 17.371175
ETB 187.115106
FJD 2.587376
FKP 0.855862
GBP 0.854604
GEL 3.022888
GGP 0.855862
GHS 12.666341
GIP 0.855862
GMD 85.150881
GNF 10160.899732
GTQ 8.825599
GYD 241.955737
HKD 9.08773
HNL 31.008211
HRK 7.538165
HTG 151.297409
HUF 363.062208
IDR 20645.062068
ILS 3.422235
IMP 0.855862
INR 110.539212
IQD 1515.276329
IRR 1591879.972392
ISK 142.235156
JEP 0.855862
JMD 183.17847
JOD 0.821048
JPY 184.325569
KES 149.69342
KGS 101.273413
KHR 4680.560255
KMF 494.499737
KPW 1042.270821
KRW 1639.700321
KWD 0.357476
KYD 0.963939
KZT 536.732937
LAK 26106.435416
LBP 103582.620213
LKR 384.905012
LRD 209.944548
LSL 18.712932
LTL 3.419504
LVL 0.70051
LYD 7.365176
MAD 10.728453
MDL 20.057542
MGA 4979.851854
MKD 61.585002
MMK 2431.723122
MNT 4164.461595
MOP 9.349309
MRU 46.453259
MUR 54.556364
MVR 17.892503
MWK 2005.7542
MXN 19.702848
MYR 4.729705
MZN 74.012702
NAD 18.712932
NGN 1573.816785
NIO 42.571477
NOK 10.920927
NPR 176.512976
NZD 1.963898
OMR 0.44152
PAB 1.156727
PEN 3.901401
PGK 5.196063
PHP 71.182467
PKR 321.274016
PLN 4.308132
PYG 6942.764313
QAR 4.216708
RON 5.243312
RSD 117.454435
RUB 97.198323
RWF 1700.957237
SAR 4.342831
SBD 9.320889
SCR 15.930521
SDG 695.429857
SEK 11.015114
SGD 1.480832
SHP 0.857981
SLE 28.336876
SLL 24284.322267
SOS 661.044053
SRD 43.977445
STD 23969.882907
STN 24.523894
SVC 10.120861
SYP 15057.334103
SZL 18.710229
THB 38.355494
TJS 10.682108
TMT 4.064855
TND 3.391404
TOP 2.788375
TRY 55.471604
TTD 7.836635
TWD 37.06431
TZS 3068.849332
UAH 51.745115
UGX 4297.186735
USD 1.158078
UYU 46.345154
UZS 13770.416472
VES 891.846646
VND 30282.010741
VUV 136.584207
WST 3.166754
XAF 656.59672
XAG 0.017828
XAU 0.000265
XCD 3.129764
XCG 2.084631
XDR 0.818821
XOF 656.59672
XPF 119.331742
YER 274.692899
ZAR 18.739693
ZMK 10424.091552
ZMW 21.861299
ZWL 372.900744
  • CMSD

    -0.0100

    21.58

    -0.05%

  • CMSC

    -0.0250

    21.45

    -0.12%

  • BCC

    -0.8900

    83.24

    -1.07%

  • NGG

    -0.1500

    81.05

    -0.19%

  • RIO

    -0.4100

    95.68

    -0.43%

  • BCE

    0.1500

    23.47

    +0.64%

  • JRI

    0.0635

    12.61

    +0.5%

  • GSK

    -0.4785

    49.52

    -0.97%

  • RBGPF

    0.0000

    71.34

    0%

  • RELX

    -0.2400

    34.43

    -0.7%

  • RYCEF

    0.1300

    20.84

    +0.62%

  • BP

    0.2196

    42.53

    +0.52%

  • AZN

    -0.7900

    156.45

    -0.5%

  • BTI

    -0.2900

    57.06

    -0.51%

  • VOD

    0.2000

    16.42

    +1.22%

Trump announces Greenland 'framework', backing off force and tariffs
Trump announces Greenland 'framework', backing off force and tariffs / Photo: Fabrice COFFRINI - AFP

Trump announces Greenland 'framework', backing off force and tariffs

US President Donald Trump said Wednesday he had reached a framework of a deal that satisfies him on Greenland, as he backed down both on threats to seize the island by force from Denmark and on imposing tariffs against European allies.

Text size:

Trump said the deal was long-term but offered few details and was conspicuously silent on whether the deal would mean US control over the Arctic island, which he has repeatedly demanded.

Trump made the startling turnaround after talks with NATO Secretary-General Mark Rutte at the World Economic Forum in the Swiss ski resort of Davos.

"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 his Truth Social platform.

Trump said he would therefore scrap tariffs of up to 25 percent that he had vowed days ago to slap starting February 1 on Denmark as well as close European allies that have sent troops to Greenland in solidarity, including Britain, France and Germany.

He later told reporters from outlets including AFP that the deal "gets everything we wanted" and will be in force "forever".

Asked if the United States would gain sovereignty over the vast but sparsely populated island, Trump hesitated and then said, "It's the ultimate long-term deal."

"I think it puts everybody in a really good position, especially as it pertains to security, and minerals and everything else," Trump said.

"It's a deal that people jumped at, really fantastic for the USA, gets everything we wanted."

NATO spokesperson Allison Hart said that allies would discuss the framework which addresses Trump's claims that the island is not protected from Russia or China.

"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," she said.

- Relief in Europe -

Trump's threats had triggered one of the biggest transatlantic crises in decades, with warnings that he could single-handedly destroy NATO through aggression against a fellow member.

His apparent climbdown eased jitters in Denmark, long a steadfast US ally where Trump's bellicose language has triggered shock and feelings of betrayal.

"Trump said that he will pause the trade war, he says, 'I will not attack Greenland'. These are positive messages," Foreign Minister Lars Lokke Rasmussen told Danish public television DR.

Dutch Prime Minister Dick Schoof said that the United States and Europe were "now on the path to de-escalation".

Trump has repeatedly said that the United States, the key force in NATO, deserves Greenland as it would be forced to defend the island against Russia or China, although neither country holds any claim to the island.

The issue dominated Trump's first address to the World Economic Forum in six years, in which he slammed Denmark as "ungrateful" for refusing to give up the Arctic island.

But he appeared to take the threat of military action off the table.

"I don't want to use force. I won't use force. All the United States is asking for is a place called Greenland," Trump said.

The shift in tone also brought relief to global markets, with Wall Street's key indices climbing.

- Facing down Trump -

Before Trump's apparent turnaround, Greenland's government unveiled a new brochure offering advice to the population in the event of a "crisis" in the territory, saying it was an "insurance policy".

Trump repeatedly referenced Greenland in his speech, although he mistakenly called it Iceland several times.

The US president also lambasted Europe on a number of fronts from security to tariffs and the economy, saying it was "not heading in the right direction".

Europe and Canada had earlier closed ranks against what they viewed as a threat to the US-led global order from Trump's territorial ambitions.

Canada's Prime Minister Mark Carney won a standing ovation at Davos on Tuesday when he warned of a "rupture" to the US-led system. French President Emmanuel Macron for his part said Europe would not be bullied.

But Trump renewed his attacks on the two leaders, mocking Macron in particular for wearing sunglasses at Davos, which the French president said was because of an eye condition.

In remarks that veered from topic to topic, Trump also expressed hope of ending the Ukraine war soon, saying he expected to meet President Volodymyr Zelensky in Davos on Thursday.

burs-dk-sct/md

U.Ammann--NZN