Trump withdraws his tariff threat against European nations.
by Web Administrator
Jan 24, 2026 02:40
President Trump announced on Wednesday that he will not impose the planned 10% tariffs on eight European countries set to take effect on February 1, 2020, due to ongoing discussions with NATO Secretary General Mark Rutte regarding a potential deal involving Greenland and the Arctic. Trump stated this framework would benefit the U.S. and NATO nations. His decision follows the European Parliament's vote to indefinitely suspend a trade deal with the U.S. that was established in August. The situation remains unclear regarding the impact of Trump's tariff cancellation on the EU's trade pact.