US President Donald Trump has set out plans to introduce 10% tariffs on all goods from eight European countries from 1 February for their support for Greenland as the geopolitical crisis escalates.
In a lengthy post on his Truth Social account, the President said the new tariffs would extend to the UK, Germany, Netherlands, Finland, Denmark, Norway, Sweden and France. He threatened to increase them to 25% by 1 June.
“This tariff will be due and payable until such time as a deal is reached for the complete and total purchase of Greenland,” he wrote.
Additional tariffs would send shockwaves through all eight economies. German and UK business groups have warned of “severe fallout” and potentially tipping economies into recession if the trade war escalates.
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