US EditionEU eyes tariffs on $108 billion of U.S. goods over new Trump threat: Report
The European Union plans €93 billion in tariffs and may activate the Anti-Coercion Instrument to counter U.S. pressure over Greenland, targeting eight allied countries.
- 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.
- EU ambassadors met in Brussels as they considered a joint response to Trump’s announcement of 10% tariffs on eight European countries, and the European Parliament indicated it would suspend work on the EU-U.S. trade deal, with a vote planned for January 26.
- This coming week, the dispute risks undermining trade deals with Britain and the EU, as the €93 billion tariff list from last year remains suspended, FT reported.
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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.
EU eyes tariffs on €93 billion of US goods over new Trump threat
The EU is preparing to impose tariffs on $108 billion of US goods if President Trump follows through on his threat to levy duties on European countries starting February 1. The bloc is also exploring other countermeasures and will prioritize diplomatic solutions, with leaders set to meet this week to discuss retaliatory measures.
"NATO has been telling Denmark for 20 years that 'you have to remove the Russian threat from Greenland'. Unfortunately, Denmark has been unable to do anything about it," he wrote on Truth Social.
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