President Donald Trump after his speech at Davos said he had reached a deal on Greenland. That includes backing off tariffs. What does TACO mean?

The deal that persuaded President Donald Trump to defuse an escalating crisis over Greenland paves the way for NATO to beef up security in the Arctic region and fend off any threat from Russia or China.

By Patricia Zengerle WASHINGTON, Jan 22 (Reuters) - U.S. President Donald Trump has said repeatedly that he wants to acquire Greenland, possibly by purchasing it from Denmark, despite the U.S. ally's repeated insistence that it is not for sale.

President Donald Trump declares at Davos that the U.S. is the only nation capable of securing Greenland for national security reasons during his World Economic Forum speech.

Trump hasn't said if U.S. ownership of the island territory is part of the deal.

Asked whether the agreement involved the U.S. acquiring, Trump paused before replying, “Iit’s a long-term deal.”

Donald Trump and Nato secretary-general Mark Rutte discussed the renegotiation of a 1951 US-Denmark pact governing the stationing of US troops in Greenland, as part of talks that led the US President to dial back his threats over the Arctic territory.

Prseident Donald Trump backed off threatened tariffs on 8 European countries that did not support his bid to control Greenland

BRUSSELS, Jan 22 (Reuters) - The European Union must show unity in dealing with Greenland, the Board of Peace and return to discussions on helping Ukraine, which is the main security problem for Europe,