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<h1>Asian shares rise after US president backs down on Greenland tariffs and rules out using force, easing market fears.</h1> A threatened 10% tariff on eight European countries and suggestion of military action over Greenland, followed by a public reversal disavowing force and reference to a NATO 'framework' on Greenland and Arctic security, constituted the operative legal and policy actions; those statements, and the substitution of allied security dialogue for coercive measures, directly eased geopolitical risk and drove equity gains, lower gold and Treasury yields, and shifts in currency and oil prices.