Trump's Tariff Threat on Greenland Backfires: EU Unleashes 'Trade Bazooka'

• US President Donald Trump's aggressive policy on Greenland and tariff threats have united Europe unprecedentedly.
• Trump threatened a 10% tariff on European goods from February 1, increasing to 25% from June 1, if the US is not allowed to buy Greenland.
• Eight European countries issued a joint statement, calling Trump's threats dictatorial and blackmail, undermining transatlantic relations.
• The European Union held an emergency meeting in Brussels and is considering retaliatory tariffs of up to 93 billion euros on US goods.
• France is leading the charge, advocating for Europe's 'trade bazooka' which includes retaliatory duties and restrictions on American companies.

Why It Matters: Trump's tariff threats over Greenland have united Europe, leading to potential retaliatory 'trade bazooka' measures.