Trump cancels the Greenland tariffs: Says they have the framework of a future deal

Stock futures are ripping higher and at the session highs after this post from Trump:

Based upon a very productive meeting that I have had with the Secretary
General of NATO, Mark Rutte, we have formed the framework of a future
deal with respect to Greenland and, in fact, the entire Arctic Region.
This solution, if consummated, will be a great one for the United States
of America, and all NATO Nations. Based upon this understanding, I will
not be imposing the Tariffs that were scheduled to go into effect on
February 1st. Additional discussions are being held concerning The
Golden Dome as it pertains to Greenland. Further information will be
made available as discussions progress. Vice President JD Vance,
Secretary of State Marco Rubio, Special Envoy Steve Witkoff, and various
others, as needed, will be responsible for the negotiations — They will
report directly to me. Thank you for your attention to this matter!

The S&P 500 is up 1.3%

This article was written by Adam Button at investinglive.com.