US EditionEU eyes tariffs on $108 billion of U.S. goods over new Trump threat: Report
The European Union considers retaliatory tariffs worth €93 billion and the use of its Anti-Coercion Instrument to counter U.S. tariff threats related to Greenland.
- 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.
164 Articles
164 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.
Trump says getting 'Russian threat' away from Greenland 'will be done'
U.S. President Donald Trump said on Sunday that Denmark has not been able to do anything to remove the "Russian threat" from Greenland, adding, "Now it is time, and it will be done!!!""NATO has been telling Denmark, for 20 years, that 'you have to get
In the dispute with Trump, Brussels is considering anti-tariff duties on goods worth 93 billion euros. But Italy is blocking – and Germany is enslaved.
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…
Irish deputy premier calls for ‘cool heads’ over new threatened tariffs
US President Donald Trump has threatened tariffs with a ‘very significant destabilising effect’, Simon Harris has said. US President Donald Trump has threatened tariffs with a “very significant destabilising effect”, Ireland’s deputy premier has said as he appealed for “cool heads” in negotiations between the EU and the US. Mr Trump has said he would impose a 10% tariff “on any and all goods” sent to the US from the UK, Denmark, Norway, Sweden, …
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