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CEO NA Magazine > News > US-EU trade war reignited over Trump’s Greenland plan

US-EU trade war reignited over Trump’s Greenland plan

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Trump strikes tariff deal with Merck KGaA
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On Sunday, representatives from the EU’s 27 member states gathered to begin exploring possible responses if President Donald Trump follows through with his threat to implement a 10% tariff on European nations starting February 1.

EU leaders are considering imposing tariffs on €93 billion ($108 billion) worth of US products and have scheduled an emergency meeting in Brussels for later this week to discuss potential options.

The measures follow Trump’s announcement on Saturday of a 10% tariff on goods from eight European countries beginning February 1, which will increase to 25% in June unless a deal is reached for the US’s “purchase of Greenland.”

European Council President Antonio Costa stated on X that the EU shared “Recognition of the shared transatlantic interest in peace and security in the Arctic, notably working through NATO”.

He added that the EU showed “readiness to defend ourselves against any form of coercion”, unity on the principles of international law, territorial integrity, and national sovereignty, and solidarity with Denmark and Greenland.

The EU is reportedly considering additional countermeasures beyond tariffs but aims to explore a diplomatic solution first.

By CEO NA Editorial Staff

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