Trump backs off Greenland tariff threat based on new “solution” (Dave Lawler, Barak Ravid – Axios)

President Trump announced on Wednesday that he will not follow through on his threat to impose tariffs on eight European allies on Feb. 1 over their opposition to his claim of Greenland. Why it matters: Trump already dropped his threat to invade Greenland earlier Wednesday, and he’s now reversed his tariff threat — which had triggered a crisis in the transatlantic alliance and rattled global markets.

Trump backs off Greenland tariff threat based on new “solution”