Overview
- Trump announced tariffs of 10% from February 1 rising to 25% from June 1 on eight European NATO countries until the United States secures a deal to acquire Greenland.
- EU ambassadors held emergency consultations and a special leaders’ summit is planned for later this week to set a coordinated response.
- Reports say a large counter‑tariff package of roughly €93 billion is under consideration, with officials exploring use of the Anti‑Coercion rules and previously prepared measures that could take effect in early February if not extended.
- European Parliament leaders indicated the US‑EU tariff deal will be put on hold, removing prospects of near‑zero tariffs for many U.S. goods in Europe.
- NATO diplomacy and political pushback are intensifying, with Secretary‑General Mark Rutte and UK Prime Minister Keir Starmer speaking to Trump ahead of Davos talks, Denmark and Greenland officials meeting NATO today, and bipartisan U.S. senators warning the threats risk splitting the alliance.