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UPDATE: With little official information on what Trump earlier called "a framework of a future deal with respect to Greenland", which prompted the president to call off tariff threats that he had issued in an effort to secure American ownership of Greenland, and sparked a massive market rally (just as JPMorgan's trading desk said would happen), the NYT reports that the announcement followed a NATO meeting on Wednesday "where top military officers from the alliance’s member states discussed a compromise in which Denmark would give the United States sovereignty over small pockets of Greenlandic land where the United States could build military bases."
The NYT goes on to note that according to two of the officials, who attended the meeting, the deal compares "to the United Kingdom’s bases in Cyprus, which are regarded as British territory," writes Zero Hedge.
UPDATE: During an interview with CNBC, Trump said:
Q: A deal of ownership for Greenland?
Trump: It is a little bit complex. We will explain it down the line.
It is the kind of a deal that I wanted to be able to make.
It’s better than Obama’s Iran nuclear deal — this one is forever.
President Trump has reached a deal with a 'NATO-framework' over Greenland, and is backing off the threat of tariffs on the EU.
More to come as it is released...
