President Donald Trump said the United States and NATO have formed a framework for a future deal involving Greenland and the broader Arctic region, announcing that previously scheduled tariffs set to take effect on February 1 will no longer be imposed.
- Trump said the framework followed a meeting with NATO Secretary General Mark Rutte and applies to Greenland and the broader Arctic region.
- The president said the tariff suspension is directly tied to the understanding reached with NATO partners.
- Additional discussions are underway related to “The Golden Dome” as it pertains to Greenland.
- Vice President JD Vance, Secretary of State Marco Rubio, and Special Envoy Steve Witkoff were named as lead negotiators reporting directly to the president.
- U.S. equities extended gains following the announcement, with the S&P 500 last up about 1.2%.
Relevant Companies
- Lockheed Martin ($LMT) – Potential involvement in missile defense or Arctic-related defense infrastructure tied to “Golden Dome” discussions.
- RTX Corp. ($RTX) – Exposure to missile defense systems and radar technologies relevant to Arctic and NATO defense planning.
- Northrop Grumman ($NOC) – Supplier of missile defense, space, and radar systems potentially relevant to Arctic security initiatives.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
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