President Donald Trump said Wednesday that he would not impose new tariffs on 8 countries in Europe because they opposed his plan to annex Greenland.

The signal comes a day before EU leaders meet to find ways to respond to President Donald Trump’s Greenland grab and tariff threats.

As the transatlantic rift widens, Europe is slowly rebuilding its hard power to support Ukraine and counter a revanchist Russia. It must also wrestle with both the US and China, which have been weaponising tariffs,

The European Union's legislative body halted work on the final approval and implementation of the trade deal it reached last summer with President Donald Trump.

Europe should take a “deep breath” and listen to Donald Trump’s arguments for seizing Greenland, the US said before the president’s keenly anticipated speech in Davos.

Trump - who held a signing ceremony for his new board in Davos - has met Ukraine's President Zelensky, while his envoys are in Russia.

The FTSE 100 (^FTSE) and European stocks advanced on Thursday as traders breathed a sigh of relief after Donald Trump U-turned on his latest tariff threats. The US president wrote on his Truth Social platform overnight that he will not be imposing the threatened levies of 10% extra starting 1 February on eight European countries,

President Donald Trump said he was seeking “immediate negotiations” about the United States acquiring Greenland, but that he did not intend to use force to gain territory, during his speech at the World Economic Forum on Jan.