US EditionEU eyes tariffs on $108 billion of U.S. goods over new Trump threat: Report
The EU considers reactivating a €93 billion tariff list and the Anti-Coercion Instrument to counter President Trump's tariff threats over Greenland, targeting eight European countries.
- 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.
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247 Articles
The US President Donald Trump's threat of imposing a massive duty on the European countries that had failed to protect Greenland had destroyed the transatlantic trade embargo last year and put the EU in a family dilemma: to stand firm or to try to win time. On paper, Brussels has options, according to Politico.
EU Claims It Has A "Trade Bazooka" Ready To Fire If Clash Over Greenland Continues
The United States has been good at one thing lately: making enemies. The European Union now says that it has a “trade bazooka” that it can fire up if the clash with Donald Trump over Greenland continues. The EU says it is considering revising an old €93 billion plan that would economically retaliate against Trump and the U.S. This “trade bazooka” is the most powerful trade weapon the EU has in response to Trump’s escalating tariff threats over …
Trump threatens with tariffs in the Gröndland dispute. The EU states react. The BSW proposes a far more drastic path in the conflict with Donald Trump.
The Morning Call
By SAM McNEIL BRUSSELS (AP) — U.S. President Donald Trump's threats 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 mechanism. Trump declared Saturday that he would impose a 10% import tariff starting in February on goods from eight European nations because of their opposit…
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