March S&P 500 E-Mini futures (ESH26) are up +0.66%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.89% this morning, pointing to further gains on Wall Street after U.S. President Donald Trump walked back his threats to impose tariffs on a group of European countries over Greenland.
President Trump said on Wednesday that he would not impose tariffs on eight European countries, citing a framework for a deal on Greenland and the Arctic. “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 said in a post on Truth Social. “Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st.” NATO’s chief said on Thursday that the compromise did not involve discussions about the territory’s sovereignty.
