European Union Signals €93 Billion in Retaliatory Tariffs Against the U.S. Amid Unprecedented Escalation Over Greenland
Brussels Considers Restricting U.S. Companies Ahead of Davos Talks… Trump Administration Mocks Europe’s Ability to Protect Its Sovereignty
NYN | Reports and Analyses
The European Union is preparing to take sweeping retaliatory trade measures against the United States, marking a new escalation in transatlantic tensions, following threats by U.S. President Donald Trump to impose tariffs on EU countries linked to the Greenland issue.
The UK’s Financial Times quoted European officials as saying that Brussels is considering imposing tariffs worth up to approximately €93 billion on U.S. imports, as part of a package of potential responses aimed at countering mounting American pressure.
Measures Beyond Tariffs
According to the newspaper, European options are not limited to customs duties alone, but also include restricting U.S. companies’ access to the European market—a move reflecting an unprecedented hardening of attitudes within EU institutions.
This comes ahead of talks described as critical, expected to take place on the sidelines of the World Economic Forum in Davos, where Brussels seeks to send a clear message that it is capable of responding and will not accept a policy of diktats.
American Mockery Fuels Tensions
The dispute intensified after comments by officials close to Trump, including Bessent, who said that Europe is “too weak to guarantee Greenland’s security.” The remarks sparked widespread anger across European capitals and were seen as a direct affront to sovereignty and mutual trust.
Sovereignty at Stake
The Financial Times cited European sources as saying that the issue “is no longer purely commercial, but one of trust and sovereignty,” warning that any appeasement of Trump over Greenland could open the door to further political and economic pressure on the European Union in the future.
An Economic Confrontation on the Horizon
These developments, the newspaper noted, reflect a growing European shift toward confrontation rather than containment, amid rising anticipation of a potential new economic clash across the Atlantic—one that could cast a shadow over the global trading system.
