Trump backs off tariffs over Greenland after NATO security talks

We've got this just-into-action news here today in an abrupt about-face. President Donald Trump announced just in the last hour that he's cancelling those planned tariffs on our European allies over U.S. control of Greenland. He said that he and the leader of NATO agreed to a framework of a future deal on Arctic security. That news came as welcome relief on Wall Street today, sending stocks soaring. ABC's Karen Travers at the White House now with the latest today. President Trump posting on social media that after meeting with NATO's Secretary General, he has a, quote, framework of a future deal on Greenland. He provided no details of what a deal would include, but said Vice President Vance and Secretary of State Rubio would lead negotiations on the U.S. Golden Dome missile defense system and Greenland. The president also saying he's backing off his threat of new tariffs on eight NATO allies. But earlier, the president dug in. This enormous, unsecured island is actually part of North America on the northern frontier of the Western Hemisphere. That's our territory. But the president at the World Economic Forum in Davos stepping back from his previous rhetoric that suggested he could use the military to make that happen. People thought I would use force. I don't have to use force. I don't want to use force. I won't use force. The president was asked later why he took the military option off the table. I don't think it'll be necessary. I really don't. I think people are going to use better judgment. They'll use their best judgment, and I don't think that will not be necessary. And his message and warning to Denmark and NATO. They have a choice. You can say yes, and we will be very appreciative, or you can say no, and we will remember. The president maintains it's the U.S. alone that can protect Greenland, but European leaders are pushing back strongly. The future of Greenland is only for the Greenlanders to decide. President Trump says he'll meet on the sidelines of Davos tomorrow with Ukraine's President Zelensky. He said today they're reasonably close to reaching a peace deal between Russia and Ukraine, but the president has expressed similar optimism before, and no deal has been reached. Karen Travers, ABC News, the White House.