Trump slaps tariffs against European countries
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Europe has options, but they are limited and will be difficult to co-ordinate. The 27 members of the European Union, plus Britain, Norway, Iceland and war-torn Ukraine, need a plan they can all live with.
The dispute between the United States and Europe over the future of Greenland isn’t the first time the allies have been at loggerheads.
“European countries own $8 trillion of US bonds and equities, almost twice as much as the rest of the world combined,” Saravelos pointed out. “In an environment where the geoeconomic stability of the western alliance is being disrupted existentially, it is not clear why Europeans would be as willing to play this part.”
European countries are deploying military personnel to Greenland for a quick mission as the Trump administration is pushing to acquire the Danish territory.
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US President Donald Trump’s announcement of new tariffs on eight European countries over Greenland weighed on risk sentiment as trading kicked off Monday.
A bipartisan U.S. congressional delegation on Saturday sought to reassure Denmark and Greenland of their support following President Donald Trump's threat to punish countries with tariffs if they don’t back the U.