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US Tariffs over Greenland Could Create ‘Spiral of Events’, Irish Deputy Premier
Simon Harris warns US tariffs linked to Greenland dispute could lower growth by 1.5% annually and cost 60,000 jobs, urging diplomacy to avoid economic retaliation.
- From February 1, President Donald Trump threatened a 10% tariff on eight European allies over Greenland and called for immediate negotiations at Davos on Wednesday.
- European resistance to the Greenland bid prompted the tariff threat, and Ireland warned annexing Greenland would fundamentally alter the transatlantic relationship.
- Economic models indicate a 15% tariff could reduce demand growth by 1.4%–1.5% annually and result in around 60,000 fewer jobs, Simon Harris warned of a `spiral of events` with an `enormous` impact.
- From Government Buildings in Dublin, Mr Harris said there is a negotiation window from now until February 1 and the European Union would respond without delay and in a united fashion if tariffs were imposed.
- Mr Harris urged cool heads and a step-by-step approach after meeting multinational companies last week that want to continue trade with Europe.
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20 Articles
American markets have stalled in the face of rising geopolitical tensions, rekindled by new tariff threats from Donald Trump and a potential European replica. ...
·Brussels, Belgium
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The geopolitical conflict between Washington and Brussels has claimed its first victims
Coverage Details
Total News Sources20
Leaning Left4Leaning Right0Center13Last UpdatedBias Distribution76% Center
Bias Distribution
- 76% of the sources are Center
76% Center
L 24%
C 76%
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