#TrumpWithdrawsEUTariffThreats On January 21, 2026, President Donald Trump abruptly reversed course on the proposed “Greenland Tariffs,” cancelling the initial 10% import levies scheduled for February 1, which had been slated to escalate to 25% by June.
The decision immediately removed one of the most acute geopolitical pressure points hanging over global markets and triggered a broad-based relief rally across equities, risk assets, and European exports.
This move did not represent a change in strategic posture so much as a tactical retreat—one that fits neatly into what market participants