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Group 1 - The European Union (EU) is considering imposing tariffs on €93 billion worth of goods imported from the US as a response to President Trump's tariffs on eight European countries related to Greenland [1][3] - The EU's proposed measures aim to provide leverage for European leaders during their upcoming meeting with Trump at the World Economic Forum in Davos [1][4] - The EU's response indicates a significant strain in transatlantic relations, with experts noting that the dispute over Greenland reflects a recalibration of rights and obligations between the US and Europe [1][3] Group 2 - The EU has a mechanism in place, known as the Anti-Coercion Instrument (ACI), which could restrict US companies' access to the EU market, although it has not been used since its introduction in 2023 [3][4] - France has called for the activation of the ACI as a countermeasure, while many EU member states prefer to engage in dialogue with Trump before taking direct retaliatory actions [3][4] - The European Parliament has expressed concerns that the trade agreement reached in July 2022 may not be ratified due to the current tensions over Greenland [3][6] Group 3 - Trump's actions have been described as potentially destructive to decades of transatlantic cooperation, with calls from European leaders to consider using the ACI against the US [6][7] - The EU's approved retaliatory tariffs will target American industrial products, including Boeing aircraft, US-made cars, and bourbon whiskey [7] - Economic analyses suggest that if Trump implements a 25% tariff, US exports could decline by up to 50%, with Germany, Sweden, and Denmark being the most affected [7]