EU scrambles to avert Trump Greenland tariffs, prepares retaliation
Summary
The European Union is intensifying efforts to dissuade US President Donald Trump from imposing tariffs on European allies over Greenland and is preparing retaliatory measures if the tariffs proceed.
Key Points
- European Union ambassadors agreed to increase efforts to dissuade US President Donald Trump from imposing tariffs on EU allies.
- Trump plans to impose tariffs on several EU member states until the US can buy Greenland, which EU states see as blackmail.
- EU leaders will meet in Brussels to discuss retaliatory options, including tariffs and the Anti-Coercion Instrument (ACI).
- The situation has unsettled global markets, cast doubt on US trade deals with the EU and Britain, and raised tensions in transatlantic relations.
