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NATO Reaffirms Arctic Cooperation as Denmark Reinforces Greenland and EU Plans Tariff Retaliation

European governments prepare roughly €93 billion in retaliatory tariffs, signaling rising economic stakes.

Overview

  • NATO secretary-general Mark Rutte said the alliance will continue working with Denmark and Greenland on Arctic security following talks with both governments.
  • Denmark announced additional troop deployments to Greenland after U.S. President Donald Trump refused to rule out using force to take control of the island.
  • The U.S. threatened extra tariffs on eight European countries—starting at 10% on February 1 and rising to 25% by June 1 absent a deal—while Treasury Secretary Scott Bessent urged taking the president's statements literally.
  • EU capitals are weighing tariffs worth about €93 billion and other measures restricting U.S. market access, as leaders including Emmanuel Macron and Keir Starmer condemned the pressure tactics.
  • European stock indexes fell more than 1% as the dispute deepened, Brazil’s Ibovespa held near flat, and analysts warned NATO cohesion is at risk as Russian state media celebrated the transatlantic rift.