US EditionUS Futures Sink After Trump Warns of Higher Tariffs for 8 Countries over Greenland Issue
Tariffs on goods from eight NATO allies start at 10% and will rise to 25% by June 1 unless the U.S. secures a complete purchase of Greenland, Trump said.
- On Saturday, President Donald Trump announced on Truth Social a 10% tariff starting February 1st, 2026 on goods from eight European countries, escalating to 25% on June 1st, 2026 unless a Greenland purchase deal is reached.
- The administration framed the move as leverage to pressure allies opposing U.S. acquisition of Greenland and to bolster Arctic security against Russian and Chinese ambition, citing the International Emergency Economic Powers Act now under Supreme Court review.
- European governments responded with condemnation and vowed a coordinated response while public protests in Nuuk and Copenhagen featured placards reading `Greenland is not for sale!`; markets reacted with FTSE 0.5% lower, Germany's DAX 1.23% lower and France's CAC 40 down 10.63%.
- A bipartisan congressional delegation and senators warned that legislation and Supreme Court review could block or complicate tariffs, while Pence expressed concerns about using questionable constitutional authority for unilateral actions.
- At the World Economic Forum in Davos, Switzerland, this week, further high-level diplomatic meetings are planned as European leaders may seek coordinated countermeasures using EU anti-coercion mechanisms.
26 Articles
26 Articles
US President Donald Trump is trying to force Greenland's sale to the US with punitive tariffs against European countries. Thus, the foreign press is looking at the conflict.
US President Donald Trump says he will raise tariffs on eight European countries unless the United States is allowed to buy Greenland.
Associated Press News
US futures sink after Trump warns of higher tariffs for 8 countries over Greenland issue
U.S. stock futures have skidded after U.S. President Donald Trump threatened to slap a 10% extra tariff on imports from eight European countries due to their opposition to his desire to take control of Greenland.
World markets face fresh jolt after US tariff threat over Greenland
German military personnel board the Icelandair flight leaving Nuuk airport in Greenland on Sunday.—AFP • Macron wants ‘never-before-used anti-coercion instrument’ against US• Meloni calls tariff threat a ‘mistake’• Dutch FM dubs it ‘blackmail’• UK, Norway mull over response LONDON: Global markets face a fresh bout of volatility after President Donald Trump vowed to slap tariffs on eight European nations until the US is allowed to buy Greenland. …
The US president is threatening to impose punitive tariffs on eight European countries, including France, if they do not let him seize the island. A crucial test for the Twenty-Seven.
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