Workflow
Transatlantic relationship
icon
Search documents
'Unacceptable': European leaders hit back at Trump's Greenland tariffs threat
CNBC· 2026-01-18 09:16
Core Viewpoint - The U.S. President Donald Trump's intention to acquire Greenland has led to escalating tensions with European allies, who are facing potential tariffs if they oppose the acquisition [1][2]. Group 1: Tariff Threats and Responses - Trump announced that eight European NATO allies would face increasing tariffs starting at 10% on February 1, rising to 25% by June 1 if a deal to purchase Greenland is not reached [1][2]. - The targeted countries include Denmark, Norway, Sweden, France, Germany, the U.K., the Netherlands, and Finland [2]. - European leaders, including U.K. Prime Minister Keir Starmer and French President Emmanuel Macron, condemned the tariff threats as "completely wrong" and "unacceptable," emphasizing a united European response [3][4]. Group 2: Diplomatic Reactions and Meetings - Danish Foreign Minister Lars Lokke Rasmussen expressed surprise at the tariff threats following a constructive meeting with U.S. officials [5]. - The European Union has called for an emergency meeting to address the situation, highlighting the urgency of the diplomatic discussions [5]. - Finnish President Alexander Stubb advocated for calm and further dialogue, indicating a preference for resolution through discussion rather than pressure [6]. Group 3: Economic Implications - The proposed tariffs could significantly impact U.S. consumer prices, with estimates suggesting a potential increase of up to 0.15% due to a 10% levy on goods from affected countries [9]. - The tariffs threaten the EU-U.S. trade agreement established in August, with implications for future economic relations [7][8]. - Chief economist Holger Schmieding noted that the geopolitical situation presents a "moderately significant economic problem" for Europe [9].
Trump Vows Tariffs Will Reach ‘Extremely Strong’ Levels | WSJ News
WSJ News· 2025-07-14 11:19
- We have tariffs pouring in at levels that we have never seen before, and they've only just started. That's really a small portion. It's mostly from cars and aluminum and steel, a little bit of lumber, but they'll really start in about another week.And then in about a month, they'll come in at levels that are extremely strong. And our country's making a lot of money. And our country made $25 billion last month. 25 billion.That hasn't done that in a long time. And a lot of that's done because of good manage ...