Get ready, transatlantic ties are under pressure 🌍💥 The European Union is currently considering imposing 93 billion euros in tariffs on the United States in response to President Trump’s recent threats over Greenland.
According to the Financial Times, EU officials have drafted a list of potential levies – originally compiled late last year – and paused it until February 6 to avoid a full-blown trade war. But after a weekend of heated talks, representatives from key EU members agreed to reactivate the plan and explore using the Anti-Coercion Instrument, which could limit US firms’ market access.
The move comes after President Trump announced on social media that the US would charge a 10% tariff on goods from eight nations (Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden and the United Kingdom) starting February 1, jumping to 25% on June 1 if no deal is reached for the “complete and total purchase” of Greenland.
EU leaders have slammed the threats as coercive and unacceptable. Dutch Foreign Minister David van Weel called it “blackmail,” while German Vice-Chancellor Lars Klingbeil warned that “a line has been crossed.” European Council President Antonio Costa warned tariffs would undermine transatlantic relations and clash with the existing EU-US trade framework. He’s set to convene an extraordinary European Council meeting in the coming days to coordinate the bloc’s response.
With the World Economic Forum in Davos kicking off this week, both sides are gearing up for high-stakes talks. President Trump is expected to meet privately with European Commission President Ursula von der Leyen and other leaders as tensions simmer.
This unfolding drama is giving us some serious political thriller vibes 🎬. Stay tuned as Davos takes center stage!
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EU considering 93 billion euro tariffs against U.S. over Greenland
cgtn.com
