Summary
The European Union (EU) is considering imposing tariffs worth up to 93 billion euros in response to President Donald Trump's threat to tax nations opposing his efforts to acquire Greenland. This situation has created tension between the U.S. and European countries, who are exploring ways to manage the disagreement without escalating further.
Key Facts
- President Trump wants the United States to acquire Greenland, citing national security reasons.
- European countries disagree with Trump's stance and are planning tariffs worth up to 93 billion euros in response.
- The EU and the U.S. had a trade and tax deal agreed last summer, which has yet to be ratified.
- European leaders plan to discuss the issue with President Trump at the upcoming World Economic Forum in Davos.
- Both parties are seeking a compromise to prevent long-term damage to their alliance.
- There are discussions about limiting American companies' access to the EU market as part of the retaliation measures.
- Sweden's Prime Minister stated on social media that only Denmark and Greenland should decide on matters concerning themselves.
