Welcome to the NewsHour. Tonight, President Trump announced what he called the framework of a deal over Greenland,

the Danish island that until today he threatened to take over, if needed, by military force.

There are not a lot of details at the moment, but the President said it would allow the U.S. to build missile defense bases and mine for minerals under Greenland's ice. But even though President

Trump has taken an off-ramp, many Europeans and Canadians say the damage has already been done

to the U.S. relationship with its most trusted allies. Nick Schifrin starts our coverage.

In Davos today, after a week of threats against the U.S.'s closest allies, a week in which

he tied a possible takeover of NATO territory to not winning the Nobel Peace Prize, President

Trump walked back from the precipice.

We have a concept of a deal.

I think it's going to be a very good deal for the United States, also for them.

A deal for Greenland, the world's largest island, which has been part of the Kingdom of Denmark since 1721.

President Trump said he would no longer tariff European allies over Greenland, and the deal would

allow the U.S. to expand its military presence on Greenland for a new missile defense network.

The Golden Dome, they're going to be involved in the Golden Dome,

and they're going to be involved in mineral rights and so are we.

Is, you can't, it's not specific enough to know at this point how long this lasts,

how, whether it's...

Forever.

Forever.

It'll be forever.

For Greenland at this point.

Yeah.

...