Greenland Conflict: Trump Threatens 10% Tariffs, EU Blocks US Trade Deal

World
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Moneycontrol•18-01-2026, 08:45
Greenland Conflict: Trump Threatens 10% Tariffs, EU Blocks US Trade Deal
- •European Parliament members are preparing to block the EU's trade deal with the United States.
- •Trump threatened a 10% tariff on goods from several European countries if they oppose US control over Greenland, effective February 1, 2026.
- •The tariff could increase to 25% if no deal is reached for Greenland's complete purchase.
- •Manfred Weber, EPP President, stated that an agreement with the US is not possible given Trump's threats.
- •The EU-US trade deal, signed last summer, requires parliamentary approval and faces opposition from MEPs who view it as one-sided.
Why It Matters: Trump's Greenland tariffs threat leads EU to block US trade deal, escalating transatlantic tensions.
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