EU Prepares Retaliation as Trump Threatens Greenland Tariffs

• EU ambassadors agreed to intensify efforts to dissuade U.S. President Donald Trump from imposing tariffs on European allies.
• Trump vowed to implement increasing tariffs from February 1 on several EU members, Britain, and Norway, linking them to the U.S. buying Greenland.
• EU leaders will discuss options at an emergency summit in Brussels, including a 93 billion euro tariff package on U.S. imports or the 'Anti-Coercion Instrument' (ACI).
• The eight targeted countries, including Denmark, have sent military personnel to Greenland, escalating the dispute.
• The tariff threats have unsettled global markets and raised questions about existing U.S. trade deals with the EU and Britain.

Why It Matters: The EU is preparing retaliatory measures against potential U.S. tariffs linked to the Greenland dispute.