U.S. President Donald Trump says he has reached a “framework of a future deal” on Greenland and Arctic security, and is backing off his threat to impose tariffs on European countries in his bid to annex the island.

Mr. Trump made the announcement after a meeting with NATO Secretary-General Mark Rutte at the World Economic Forum in Davos, Switzerland, on Wednesday. He did not reveal any details of the agreement.

Earlier in the day, Mr. Trump warned that that “Canada lives because of the United States,” and called out Prime Minister Mark Carney by name after the Canadian leader warned that the Washington-led rules-based international order is over.