US President Donald Trump
World
M
Moneycontrol17-01-2026, 22:59

Trump Imposes Tariffs on European Nations Over Greenland Dispute

  • US President Donald Trump announced a 10% import tax on goods from eight European countries starting February 1, 2026.
  • The tariffs are a response to these nations' opposition to US control of Greenland, a mineral-rich territory.
  • Affected countries include Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland.
  • The tariff will escalate to 25% on June 1, 2026, and remain until Greenland is "completely and totally" sold to the US.
  • Trump cited global peace and security concerns, while the legal authority for these tariffs remains unclear.

Why It Matters: Trump escalates Greenland acquisition efforts with tariffs on European nations, risking NATO alliance strain.

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