After initially threatening the use of force to take control of Greenland, Trump later said he and NATO Secretary General Mark Rutte “have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region.” He did not commit to the specifics of the deal, but in a separate interview with CNBC suggested that it would last “forever” and include mineral rights.

Earlier Trump had said he wanted immediate negotiations on Greenland, a place of strategic importance to the U.S. for security purposes. That came after Trump’s Saturday Truth Social post, where he threatened to impose a 10% tariff on goods sent to the U.S. from Denmark, Norway, Sweden, France, Germany, U.K., Netherlands, and Finland starting Feb 1.

For the week, the S&P 500 lost 0.4%, while the tech-heavy Nasdaq Composite dipped 0.1%, and the blue-chip Dow fell 0.5%.