The US-European Union trade relationship is valued at close to $2 trillion, according to the European Council data for 2024, after accounting for both services and goods. The 27-country bloc has a trade surplus with the US when it comes to goods, but runs a deficit on the services front.
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CNBC TV1807-01-2026, 23:45

EU Firm: Greenland Belongs to Its People Amid Trump's Renewed Interest

  • EU Council President Antonio Costa stated Greenland belongs to its people, emphasizing no decisions without Denmark or Greenland's consent.
  • The EU offers full support and solidarity to Greenland and Denmark regarding its sovereignty.
  • US President Donald Trump has repeatedly expressed interest in gaining control of Greenland for military strategy.
  • Costa highlighted that the EU will not accept violations of international law, citing examples like Greenland, Cyprus, Ukraine, and Gaza.
  • The EU vows to remain a firm champion of international law and multilateralism.

Why It Matters: EU firmly backs Greenland's self-determination against external interests, upholding international law.

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