US EditionEU eyes tariffs on $108 billion of U.S. goods over new Trump threat: Report
The EU plans to reactivate suspended tariffs worth €93 billion and consider the Anti-Coercion Instrument to counter U.S. tariff threats linked to Greenland negotiations.
- On Jan. 18, the European Union prepared retaliatory measures including €93 billion in tariffs as EU ambassadors convened in Brussels.
- Over the weekend, President Donald Trump threatened 10% tariffs from Feb. 1 on eight countries, rising to 25% on June 1 unless a Greenland deal is struck, while diplomats held emergency talks in Brussels on Sunday considering the Anti-Coercion Instrument.
- A Commission spokesperson confirmed on February 6 that the suspension of the €93 billion counter-tariff package expires, triggering automatic counter-tariffs unless renewed, and the Anti-Coercion Instrument could restrict U.S. companies' EU market access.
- With an assembly vote due on Jan. 26, the European Parliament looks likely to suspend work on the EU-U.S. trade deal, as Helen McEntee stated, `These tariffs are not compatible with the EU-US agreement and they risk undermining the strength of our trans-Atlantic relationship at a time when co-operation matters more than ever.`
- Several EU leaders are expected at the World Economic Forum in Davos later this week, with economists warning months or potentially quarters of tariff uncertainty could unsettle European markets.
108 Articles
108 Articles
Diplomacy or retaliation? The EU mulls its options as tensions with U.S. rise over Greenland
By SAM McNEIL, Associated Press BRUSSELS (AP) — Threats from the White House over Greenland have sparked outrage and a flurry of diplomatic activity across Europe, as leaders consider possible countermeasures, including retaliatory tariffs and the first-ever use of the European Union’s anti-coercion instrument. Related Articles Trump’s Board of Peace has several invited leaders trying to figure out how it’ll work T…
White House urges 'cooler heads to prevail' as EU fires back on Trump tariffs over Greenland
National Economic Council Director Kevin Hassett urged "cooler heads to prevail" Sunday as European leaders blasted President Donald Trump’s tariff threats aimed at forcing a Greenland purchase deal."When you are engaged in negotiation with any country and with President Trump, you'll see both sides take very strong extreme positions, but, in the end, the president is the person who wrote ‘The Art of the Deal’ because he's so good at deal-making…
Following the US President's customs threats, the EU has possible counter-tariffs available. The EU Commission warns against escalation, but at the same time emphasises its ability to act.
A look at the EU's 'Anti-Coercion Instrument' amid Greenland dispute with US
Trump on Saturday threatened to impose more tariffs on eight European nations until the US is allowed to buy Greenland, citing US national security concerns. EU governments are drawing up retaliatory measures, including possibly hitting the US with 93 billion euros' worth of tariffs or the so far unused "Anti-Coercion Instrument", which permits investment restrictions and curbs the export of services such as those provided by US digital giants.
EU seeks to de-escalate Greenland crisis and prepares tariff fightback
European Union leaders face a pivotal week as they seek to defuse tensions with the US while preparing to retaliate against Trump should he act on his tariff threats. Officials and diplomats say the EU is prepared to respond if appeasement fails.
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