US EditionEU eyes tariffs on $108 billion of U.S. goods over new Trump threat: Report
The European Union plans up to €93 billion in tariffs and may activate the Anti-Coercion Instrument to counter U.S. tariff threats over Greenland, aiming to protect trade and deter economic pressure.
- On Jan 18, the European Union began discussing retaliatory levies on €93 billion of U.S. goods to respond to President Donald Trump's latest tariff threats, FT reported.
- Escalating the dispute over Greenland, U.S. President Donald Trump vowed tariffs on Denmark, Sweden, France, Germany, the Netherlands, Finland, Britain and Norway tied to his push to buy Greenland, an autonomous territory hosting a U.S. military base since the 1940s.
- EU officials weighed using the Anti-Coercion Instrument to restrict U.S. companies' access and limit investment, with tariffs set for Feb. 1 rising to 25% on June 1.
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I have been coming to Davos for 16 years. I have never seen such a crisis in U.S./European relations
Every year business leaders, politicians and campaigning groups from around the world don their snow boots and $1,000 Arc’teryx Macai coats and head for the Swiss ski resort of Davos. Just as New Year follows Christmas, it’s January and time for the World Economic Forum’s annual meeting. WEF has its fair share of critics – a hot air playground for the rich and powerful, out of touch with the realities of life on Main Street, obsessed with ‘globa…
EU Considering Retaliatory Measures in Response to Possible U.S. Tariffs over Greenland
The European Union is weighing its response after U.S. president Donald Trump signaled that Washington could impose new tariffs on several European countries over their opposition to U.S. plans regarding Greenland. Trump Says U.S. May Use Tariffs Against Countries Opposing Greenland Control EU diplomats said on Sunday, January 18th, that member states have broadly agreed to intensify efforts to dissuade the United States from moving forward wi…
US President Trump wants Greenland - and threatens with punitive tariffs if he doesn't get it. Union faction vize Sepp Müller demands tough counter-sanctions. Among them: a digital tax against US tech companies.
EU Council President Costa has convened an EU special summit on US President Trump's tariff threats because of the Greenland dispute. There is a postponement of the trade agreement with the US. This could result in additional tariffs of EUR 93 billion on US products. France's President Macron proposed an even tougher approach.
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