All eyes were on Davos this morning as world leaders waited to find out how far Trump was prepared to go to acquire Greenland.
In a speech that lasted more than an hour, Trump said he was seeking “immediate negotations” to take control of the Arctic territory, but ruled out using “excessive force” to do so.
The US president had threatened to impose 10% tariffs on eight European allies if they opposed his plans.
But in a bombshell announcement this evening, Trump confirmed this was no longer the case and his latest tariff threats were off the table.
He also announced the “framework of a future deal” for Greenland, following a “very productive meeting” with Secretary General of Nato Mark Rutte.
US markets rose sharply following the announcement, which may also offer some relief for the US’s European allies.
But the news still poses more questions than answers, leaving allies guessing what exactly what role the US might have in the island terrority going forward, writes the BBC’s Washington correspondent.
We’re now pausing our live coverage, but you can read more here:

