Trump Greenland Tariffs 2026: EU Threatens €93 Billion Retaliation
Europe shifts to a hardline stance as Trump doubles down on his bid for Greenland. The EU considers €93 billion in retaliatory tariffs as the transatlantic alliance faces a 2026 breaking point.
They've shaken hands, but the fists remain clenched. Something in Europe has snapped. Donald Trump doubled down on Monday, January 20, 2026, insisting the US needs Greenland for national security. The president is now leaning heavily on Denmark and its allies to let the US take control, or face punitive taxes on all exports to the United States.
The Looming Trump Greenland Tariffs 2026 and Europe's Hardline Shift
It's a horror scenario for European economies already in the doldrums. Industries like Germany's car manufacturing and Italy's luxury goods market are directly in the crosshairs. "We won't allow ourselves to be blackmailed," said Germany's finance minister after an emergency meeting with his French counterpart. According to Bloomberg, the EU is considering imposing €93 billion ($101 billion) worth of retaliatory tariffs on US goods if Trump proceeds.
A line has been crossed... Europe must be prepared.
Security Guarantees vs. Economic Autonomy
The EU's dilemma is agonizing. While they want to stand up to Trump, they remain heavily reliant on Washington for NATO security guarantees and a peace deal for Ukraine. "It's in our national interest to work with the Americans on defense," noted UK Prime Minister Keir Starmer. However, EU top diplomat Kaja Kallas warned that Europe must "bare its teeth" to show global rivals like Russia and China that it won't shy away from a fight.
The tension is set to peak this Wednesday at the Global Economic Forum in Davos. Trump reportedly plans to unveil the "Board of Peace," a new international body that could rival the United Nations. While the Kremlin says Vladimir Putin has been invited to join, France has already declined, citing concerns over the undermining of UN principles.
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