Key Takeaways
- President Trump announced a 10% tariff on eight European countries over the Greenland issue.
- The tariffs will affect Denmark, Norway, Sweden, France, Germany, UK, Netherlands, and Finland.
President Donald Trump announced today that Denmark and seven European allies will face a 10% tariff on goods exported to the US starting in February, unless Denmark agrees to sell Greenland.
In a post on Truth Social, Trump stated that these countries have benefited for years from US protection and favorable trade treatment, and that it is now time for them to “give back” by agreeing to sell Greenland.
The countries affected by the tariffs, besides Denmark, include Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland, and the rate would rise to 25% on June 1 if no deal is reached.
The US president said Denmark lacks the capacity to defend its territory and warned that foreign powers are seeking greater influence in the region.
Trump added that the move is tied to the development of the “Golden Dome” missile defense system, which he claimed requires Greenland’s geography to operate to full effectiveness. He said that the policy is necessary to protect US and global security.
Source: https://cryptobriefing.com/tariff-european-countries-greenland/
