CNBC Daily Open: A trade 'bazooka' against Trump's Greenland tariffs is in the cards for the EU

Group 1: Trade Tensions and Tariffs - The European Union is considering imposing tariffs worth 93 billion euros ($108 billion) on the U.S. in response to President Trump's threats regarding trade with Greenland [2] - The EU's "Anti-Coercion Instrument" aims to deter economic coercion affecting trade and investment, with potential repercussions extending beyond tariffs to financial restrictions and limits on public procurement [3][4] - The auto industry, luxury brands, and pharmaceutical companies are among the sectors most exposed to the potential impact of U.S. tariffs [5] Group 2: Market Reactions - Markets reacted negatively to the news of potential tariffs, with Dow Jones futures indicating a drop of over 600 points and European stocks falling [7] - Safe-haven assets like gold and silver surged to new highs following the announcement of tariffs, indicating increased market volatility and investor concern [7] Group 3: Specific Industry Impacts - French wine and champagne are particularly targeted by President Trump, facing a potential 200% tariff due to political disagreements with French President Macron [6]