President Donald Trump on Wednesday announced that he had a “framework” of a deal with the North Atlantic Treaty Organization over the future of Greenland.
“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 posted on Truth Social.
“This solution, if consummated, will be a great one for the United States of America, and all NATO Nations.”
The president did not provide details of the deal, but said that Vice President JD Vance, Secretary of State Marco Rubio, and Special Envoy Steve Witkoff will be responsible for further negotiations.
Trump also withdrew his threat to impose tariffs on a number of nations that have rebuffed his efforts to purchase the island. This news sparked a stock market rally, with the S&P 500 index rising more than 1.5% following his announcement.
The news of a potential Greenland deal came hours after Trump assured allies that he would not use force to gain control of the autonomous territory in the North Atlantic owned by Denmark.
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“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,” he said during his speech to business and political leaders at the World Economic Forum in Davos, Switzerland.
“That’s probably the biggest statement I’ve made, because people thought I would use force, but I don’t use force,” Trump continued.
Trump has long insisted the U.S. needs Greenland under its control for national security reasons, including for constructing a “Golden Dome” missile defense system, as well as keeping the island from falling under the control of Russia or China.
He called the potential U.S. purchase of Greenland a benefit for NATO, saying, “You need the ownership to defend it. You can’t defend it on a lease.”
Reuters contributed to the reporting on this article.
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