Trump has said he will not be imposing tariffs that were scheduled to go into effect on 1 February.

In a post on Truth Social he said, based upon a “very productive meeting” with the Secretary General of Nato Mark Rutte they “have formed the framework of a future deal with respect to Greenland”.

He said: "This solution, if consummated, will be a great one for the United States of America, and all Nato Nations.

"Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st. Additional discussions are being held concerning The Golden Dome as it pertains to Greenland.

“Further information will be made available as discussions progress. Vice President JD Vance, Secretary of State Marco Rubio, Special Envoy Steve Witkoff, and various others, as needed, will be responsible for the negotiations — They will report directly to me. Thank you for your attention to this matter!”