18 Jan EU considering response to President Trump’s threat to impose tariffs
(Oilandgaspress) Calls are reportedly growing louder for the European Union to deploy its trade bazooka against the United States after President Trump said he would impose fresh tariffs on Denmark and its European allies until it agrees to sell Greenland in an unprecedented escalation.
European leaders are coordinating their next move after the Trump administration threatened to slap a new 10% tariff on all products coming from eight European countries including Denmark, Germany and France, and suggested more retaliatory measures could follow until a deal is reached for the “complete and total purchase of Greenland.”
Greenland is a semi-autonomous territory belonging to the Kingdom of Denmark. Thousands of Greenlanders marched in the capital Nuuk on Saturday to oppose US President Donald Trump’s declared interest in taking over the Arctic island.
On Sunday, the eight countries led by Denmark, Sweden, Finland, France, Germany, the Netherlands and the United Kingdom said “tariff threats undermine the transatlantic relations and risk a dangerous downward spiral” in a joint statement. Related News
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