The US president has imposed 10% tariffs on eight NATO nations that oppose his plan to acquire the Arctic island<\/p>\n
US President Donald Trump has announced additional tariffs on eight European NATO members that oppose his plans to acquire Greenland.
\nA 10% levy is set to take effect on February 1, targeting Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland.
\nThe tariff is expected to rise to 25% in June and remain in place until what Trump has described as a \u201ccomplete and total purchase\u201d of Greenland is achieved.
\nHe announced the move in a post on his Truth Social platform, saying the measures would apply to \u201cany and all goods sent to the United States of America.\u201d
\nBoth Danish and Greenlandic authorities have rejected the prospect of ceding the island to the US, insisting that its future lies in the hands of its people, who voted in 2008 to retain autonomous status within the Kingdom of Denmark.<\/p>\n
Read more<\/p>\n
Thousands rally in Greenland against US annexation plans (VIDEOS)<\/p>\n
Thousands marched through Greenland\u2019s capital, Nuuk, on Saturday to protest against US plans to annex the island. Authorities estimated that about 4,000 people took part in the demonstration in a city of roughly up to 20,000 residents. A similar rally was held in Copenhagen. People held signs of protest, waved their national flag and chanted \u201cGreenland is not for sale.\u201d
\nHow has Europe responded politically?
\nTrump\u2019s tariff move followed a chorus of criticism from leaders of the affected EU and NATO member states.
\nOn Saturday, in a post on X, Swedish Prime Minister Ulf Kristersson promised a joint response from the other EU countries, as well as Norway and the UK.
\n\u201cWe will not allow ourselves to be blackmailed. Only Denmark and Greenland decide on issues concerning Denmark and Greenland. I will always stand up for my country, and for our allied neighbors,\u201d he said.<\/p>\n
Prime Minister of Sweden Ulf Kristersson.<\/p>\n
\u00a9\u00a0 Pier Marco Tacca\/Getty Images <\/p>\n
UK Prime Minister Keir Starmer said Trump\u2019s decision to impose tariffs was \u201ccompletely wrong.\u201d
\n\u201cOur position on Greenland is very clear \u2013 it is part of the Kingdom of Denmark and its future is a matter for the Greenlanders and the Danes,\u201d he said on Saturday evening.
\nFrench President Emmanuel Macron vowed a \u201cunited and coordinated\u201d response, calling the tariff threats \u201cunacceptable.\u201d He said they had \u201cno place\u201d at a time when Europe was seeking to defend Greenland and Denmark\u2019s status as an EU and NATO member, as well as a signatory to the UN Charter and international law.
\n\u201cNo intimidation or threat will influence us,\u201d Macron wrote on X.<\/p>\n
President of France Emmanuel Macron.<\/p>\n
\u00a9\u00a0 Tom Nicholson\/Getty Images <\/p>\n
In joint statement posted on Saturday, European Council President Antonio Costa and European Commission President Ursula von der Leyen rejected any questioning of Danish sovereignty over Greenland.
\n\u201cTerritorial integrity and sovereignty are fundamental principles of international law,\u201d they stated. \u201cThe EU stands in full solidarity with Denmark and the people of Greenland.\u201d
\nWhich European economy stands to suffer the most from US tariffs?
\nEU trade with the US is significant: in 2024, over one-fifth of the bloc\u2019s exports were imported by the country, making it the largest external purchaser. These exports were worth \u20ac532 billion ($580 billion), according to Eurostat data, giving the Europeans a significant trade surplus.
\nPharmaceuticals constitute around 15% of EU exports to the US, followed by automobiles and auto parts.
\nCountries which export the highest-value goods to the US face the greatest economic risk from the new tariffs. Germany, France and the Netherlands, all already subject to Trump\u2019s new 10% levy, are among the top five EU exporters to the US.
\nThe German economy relies heavily on exports, boosted by the country\u2019s motor vehicle sector. Nearly one-quarter (22.7%) of its total exports are US-bound.<\/p>\n
FILE PHOTO. Volkswagen cars stand on elevator platforms inside one of the twin towers used as storage at the Autostadt promotional facility next to the Volkswagen factory in Wolfsburg, Germany.<\/p>\n
\u00a9\u00a0 Stuart Franklin\/Getty Images <\/p>\n
The US-EU aviation sector is highly integrated. For example, French multinational aerospace and defense company Thales supplies US-based Boeing and European competitor Airbus with flight management systems and cockpit displays.
\nThe Guardian on Saturday called Trump\u2019s threat to impose tariffs \u201ca wrecking ball to the carefully stitched deals he concluded with those countries last summer.\u201d
\nWhat about the UK?
\nThe US is Britain\u2019s largest single export market, accounting for about 16% of all UK goods exports, according to the Office for National Statistics (ONS).<\/p>\n
Read more<\/p>\n
Brussels fears \u2018dangerous downward spiral\u2019 after Trump\u2019s Greenland move<\/p>\n
In the 12 months to November, Washington imported tens of billions of dollars\u2019 worth of British machinery, vehicles, chemicals and pharmaceuticals – all key sectors of the UK economy, the Telegraph reported on Saturday.
\nBritain\u2019s automobile industry alone contributes roughly $26.7 billion a year to the economy, about 0.9% of national output, and employs around 139,000 people.
\nTrump\u2019s proposed 10% tariff could hit British exporters to the tune of about $7.6 billion, the newspaper said.
\nEconomists warned that prolonged trade uncertainty, combined with the risk of higher tariffs from June, could be enough to push Britain\u2019s fragile economy back into recession.<\/p>\n","protected":false},"excerpt":{"rendered":"
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