Wall Street cashes in as Donald Trump ‘chickens out’ on Greenland
Donald Trump has retreated on his ambitions for Greenland, instead announcing an unspecified "framework of a future deal" for the island.
The US president went into few details about the agreement he had struck with NATO Secretary-General Mark Rutte.
"This solution, if consummated, will be a great one for the United States of America, and all NATO Nations," Trump wrote on his social media platform Truth Social.
'Trump always chickens out' is a common expression on Wall Street. (AP)
"Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st."
The president's apparent retreat is the latest example of what his critics refer to as TACO Trump.
The unflattering acronym is short for Trump Always ...
