Trump backs off tariff threats against Europe after announcing a Greenland deal framework

Trump threatened new tariffs on several European countries, linking them to a dispute over Greenland. The threats caused stock markets to fall and prompted European leaders to prepare retaliatory tariffs and suspend work on a trade deal with the U.S.

Trump later announced he had reached the 'framework of a future deal' on Greenland and withdrew the tariff threats. Financial markets rallied in response, with U.S. stocks recovering losses. The European Union suspended a planned package of retaliatory tariffs for six months.

The Supreme Court has not yet issued a decision on the legality of Trump's broader tariff policies, a ruling that has been pending for months. An investigation has also been launched into links between Trump's associates and mining interests in Greenland.