Overview
- President Trump announced tariffs of 10% from February 1 rising to 25% on June 1 on imports from Germany, Denmark, Norway, Sweden, France, the United Kingdom, the Netherlands and Finland unless a Greenland deal is reached.
- The eight affected governments issued a joint condemnation vowing to defend sovereignty, while EU officials consider activating the Anti‑Coercion Instrument and reviving a roughly €93 billion retaliation package.
- European Council President António Costa called a special summit for later this week, and European Parliament leaders moved to shelve a pro‑U.S. trade deal as Ursula von der Leyen pledged to protect EU economic and security interests.
- Trump doubled down on Monday on Truth Social, arguing only the United States can secure Greenland, as NATO chief Mark Rutte and UK Prime Minister Keir Starmer engaged him directly ahead of possible talks in Davos.
- In the U.S., Senate leaders including Chuck Schumer signaled plans to block the tariffs by law, and early assessments from economists point to limited immediate effects on EU production.