EU leaders are set to impose retaliatory tariffs and threaten economic sanctions against the US over Donald Trump's threat to levy new taxes on imports from eight nations who oppose his attempt to annex Greenland. In a joint statement, Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland condemned Trump's actions as "blackmail" that undermine transatlantic relations and risk a dangerous downward spiral.
The EU's top diplomats met for crisis talks on Sunday and discussed reviving a plan to levy tariffs on β¬93 billion of US goods. The move would impose duties on US cars, industrial goods, food, and drink. European leaders are committed to upholding their sovereignty and will not be intimidated or blackmailed into changing course.
Trump's threat has cast a long shadow over NATO and thrown doubt over the EU-US trade deal signed last August. The leader of the European parliament's largest group, Manfred Weber, said approval is "not possible at this stage". Socialist and Green MEPs had already reached a similar conclusion.
European leaders are standing united in support of Denmark and Greenland, with Finland's president Alexander Stubb saying that tariffs would undermine transatlantic relations and risk a dangerous downward spiral. Germany's deputy chancellor Lars Klingbeil said his country will not be blackmailed and will extend a hand to the US in search of common solutions.
The EU is weighing its options and considering reactivating a package of counter-tariffs against β¬93 billion US goods, which were drawn up in response to Trump's previous economic threats. The measures would target US cars, industrial goods, food, and drink.
Trump has doubled down on his threat, claiming that NATO has been telling Denmark for 20 years that it must deal with the "Russian threat" to Greenland and that it is unable to do anything about it. He added: "Now it's time, and it will be done!!!" The US president's actions are being seen as a direct violation of article one and two of the North Atlantic Treaty.
The EU needs to activate its anti-coercion instrument, a law that allows wide-ranging economic sanctions in response to hostile actions from another state. The head of the European parliament's trade committee Bernd Lange said Trump is using trade as an instrument of political coercion, adding: "The EU cannot simply move on to business as usual."
As tensions rise, the EU and US are at risk of being poorer due to the dispute. China and Russia must be having a field day, according to the EU's top diplomat Kaja Kallas. The threat is distracting Europe from its core task of helping to end Russia's war against Ukraine.
The situation is being described as an "existential crisis" for NATO, with one former official saying that pretending it is not dealing with such a crisis is no longer possible or desirable.
The EU's top diplomats met for crisis talks on Sunday and discussed reviving a plan to levy tariffs on β¬93 billion of US goods. The move would impose duties on US cars, industrial goods, food, and drink. European leaders are committed to upholding their sovereignty and will not be intimidated or blackmailed into changing course.
Trump's threat has cast a long shadow over NATO and thrown doubt over the EU-US trade deal signed last August. The leader of the European parliament's largest group, Manfred Weber, said approval is "not possible at this stage". Socialist and Green MEPs had already reached a similar conclusion.
European leaders are standing united in support of Denmark and Greenland, with Finland's president Alexander Stubb saying that tariffs would undermine transatlantic relations and risk a dangerous downward spiral. Germany's deputy chancellor Lars Klingbeil said his country will not be blackmailed and will extend a hand to the US in search of common solutions.
The EU is weighing its options and considering reactivating a package of counter-tariffs against β¬93 billion US goods, which were drawn up in response to Trump's previous economic threats. The measures would target US cars, industrial goods, food, and drink.
Trump has doubled down on his threat, claiming that NATO has been telling Denmark for 20 years that it must deal with the "Russian threat" to Greenland and that it is unable to do anything about it. He added: "Now it's time, and it will be done!!!" The US president's actions are being seen as a direct violation of article one and two of the North Atlantic Treaty.
The EU needs to activate its anti-coercion instrument, a law that allows wide-ranging economic sanctions in response to hostile actions from another state. The head of the European parliament's trade committee Bernd Lange said Trump is using trade as an instrument of political coercion, adding: "The EU cannot simply move on to business as usual."
As tensions rise, the EU and US are at risk of being poorer due to the dispute. China and Russia must be having a field day, according to the EU's top diplomat Kaja Kallas. The threat is distracting Europe from its core task of helping to end Russia's war against Ukraine.
The situation is being described as an "existential crisis" for NATO, with one former official saying that pretending it is not dealing with such a crisis is no longer possible or desirable.