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Business

European international locations weigh tariffs as Trump threatens Greenland commerce battle

Editor
Last updated: January 19, 2026 3:22 pm
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Published: January 19, 2026
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European international locations weigh tariffs as Trump threatens Greenland commerce battle


Alex Grey, a former NSC chief of employees underneath Trump, joined ‘Fox & Buddies First’ to debate his tackle European resistance to the president’s push to amass Greenland and the most recent on unrest in Iran.

European international locations are weighing plans to ramp up their very own tariffs towards the U.S. in a commerce “bazooka” to counteract strain from President Donald Trump on Monday.

Germany’s finance minister, Lars Klingbeil, teased the motion Monday whereas talking alongside his French counterpart in Berlin. French President Emmanuel Macron additionally urged the European Union to activate its Anti-Coercion Instrument on Monday, nicknamed the commerce “bazooka.”

“There’s a legally established European toolbox for responding to financial blackmail with very delicate measures. And we must always now think about using these measures,” Klingbeil stated.

“Every part have to be ready now,” he added. “We’re prepared to seek out options. We’re extending our hand, however we’re not ready to be blackmailed.”

TRUMP KNOWS GOOD REAL ESTATE — AND HE KNOWS GREENLAND’S VALUE TO NATIONAL SECURITY

President Donald Trump speaks with French President Emmanuel Macron. (Yoan Valat/Pool/AFP by way of Getty Photos / Getty Photos)

“We’re continuously experiencing new provocations. We’re continuously experiencing new antagonism, which President Trump is looking for. And right here we Europeans should make it clear that the restrict has been reached,” Klingbeil continued.

Greater than half a dozen European international locations warned in a joint assertion on Sunday that tariff threats over Greenland undermine transatlantic relations because the White Home seeks to strain allies right into a deal to amass the Arctic island.

Trump threatened on his Reality Social platform to impose a ten% tariff on the eight European international locations except a deal is reached for what he referred to as the “full and whole buy of Greenland.”

TRUMP SAYS GREENLAND’S DEFENSE IS ‘TWO DOG SLEDS’ AS HE PUSHES FOR US ACQUISITION OF TERRITORY

A view of a port in Greenland.

Residents in Greenland, the most important island on the earth, have expressed concern about President Donald Trump’s renewed curiosity in seizing the territory. (Julia Wäschenbach/image alliance/Getty Photos / Getty Photos)

The international locations embrace Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden and the UK.

Trump stated the ten% tariff would go into impact on Feb. 2 and will rise to 25% on June 1. 

Macron, European Fee President Ursula von der Leyen, Swedish Prime Minister Ulf Kristersson, Finnish President Alexander Stubb, Norwegian Prime Minister Jonas Gahr Støre and U.Okay. Prime Minister Keir Starmer condemned Trump’s publish Saturday on social media.

US CONGRESSIONAL DELEGATION VISITS DENMARK AMID BACKLASH OVER TRUMP’S PUSH TO ACQUIRE GREENLAND

Danish soldiers walk past a military headquarters building in Greenland’s capital.

Troopers move the Arktisk Kommando, the Danish Armed Forces’ Arctic Command, in Nuuk, Greenland, on Jan. 15, 2026. (Julia Wäschenbach/image alliance by way of Getty Photos / Getty Photos)

Kristersson wrote on X that allies wouldn’t be “blackmailed.”

“Solely Denmark and Greenland determine on points regarding Denmark and Greenland,” he stated, including that different European Union (EU) international locations had been discussing a coordinated response.

Kaja Kallas, the EU’s prime diplomat, additionally voiced concern over Trump’s remarks, warning that Russia and China had been “having a subject day” and stood to profit from divisions inside NATO.

CLICK HERE TO GET FOX BUSINESS ON THE GO

“If Greenland’s safety is in danger, we are able to deal with this inside NATO. Tariffs danger making Europe and america poorer and undermine our shared prosperity,” she stated. “We additionally can’t let our dispute distract us from our core process of serving to to finish Russia’s battle towards Ukraine.”

Fox Information’ Ashley Carnahan contributed to this report.

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