President Donald Trump has suddenly stepped back from threats to annex Greenland while in Europe.
For weeks, Trump has declined to rule out using military force for a U.S. takeover of the icy island, which is a self-governing territory of NATO member Denmark. He has emphasized the U.S. needs control of the island for national security.
But at the World Economic Forum in Davos, Switzerland, on Jan. 21, Trump said, "I don't have to use force. I don't want to use force. I won't use force. All the United States is asking for is a place called Greenland."
Later that day, he announced he reached a "framework of a future deal" with NATO on Greenland and would not be imposing the 10% tariffs on eight European countries he had previously threatened.
The whiplash on tariffs calls back to the early months of his return to office, when the status of tariffs on imports from countries, ranging from our biggest trade partners to an uninhabited island, was dizzying. It garnered the nickname "TACO trade," which some social media users quickly brought back this week.
What does it mean?
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