EU expects 93 billion euros in response to Trump's threat against Greenland
EU countries have discussed options for retaliatory measures, including tariff increases of up to 93 billion euros, in response to President Donald Trump's decision to impose additional duties on some European countries over Greenland.
According to a Politico report, EU ambassadors held an extraordinary meeting in Brussels following President Trump's decision to impose additional tariffs on eight European countries over Greenland. During the meeting, they discussed specific steps that could be taken against the United States if no agreement was reached during negotiations with Washington.
The ambassadors assessed the various options that could be involved if Trump's tariffs take effect. In this context, the resumption of measures prepared by the EU last year, but suspended after a trade agreement with the United States was reached in July, was returned to the agenda. These measures include the rapid imposition of tariffs on up to 93 billion euros worth of American goods.
Another important option discussed was the EU's so-called "trade bazooka," officially known as an anti-coercion tool that had never been used before. This legal framework was created in response to economic pressure from other countries and allows the EU to take various economic measures against the United States. According to this document, American companies may be denied access to the European market, and their commercial licenses and participation in government tenders may be restricted.
On January 17, President Trump declared that world peace was at risk due to the Greenland dispute, and announced that he would impose duties against Denmark, Norway, Sweden, France, Germany, Great Britain, the Netherlands and Finland for opposing the purchase of Greenland by the United States. Trump said that from February 1, 2026, a 10% tariff will be applied to these eight European countries, which will increase to 25% after June 1, 2026, and that these rates will remain in effect until a deal is reached on the full purchase of Greenland.
Trump's remarks provoked a reaction from the leaders of the EU and European countries.
Meanwhile, EU leaders will gather for an extraordinary summit on Thursday, January 22, in connection with Trump's decision to impose additional tariffs on countries supporting Greenland. In a written statement, the spokesman for the President of the Council of the European Union announced that the President of the European Council, Antonio Costa, will hold a special summit of EU leaders at 19:00 on January 22 to discuss transatlantic relations. Costa also said that the leaders of the EU member states will meet again in the coming days to further discuss the Greenland issue.
Author: SteelRadar Editorial Team