Trump Threatens Europe With New Tariffs Over Greenland

• On February 1, the U.S. may impose a 10% tariff on imported goods from a number of EU countries.
• From June 1, 2026, it will rise to 25%.
• The duties will remain in force until Europe cedes Greenland to the US.

US President Donald Trump said on the Truth Social platform that he intends to impose duties on imported goods from a number of EU countries. The tariffs will be in place until the island of Greenland is ceded to America, the politician said.

Trump said that Russia and China are planning to seize Greenland. In this case, allegedly the EU will not be able to defend the island. In this regard, he demanded to transfer it to the US in full and indefinite possession.

Also, the politician commented on the sending of troops by a number of European countries to the island. Recall, a few days earlier there transferred a small military contingent, as Trump said, “with unknown purposes”.

In this regard, he announced the introduction of duties on imported goods at the rate of 10%. Moreover, from June 1, 2026, they will increase to 25%. Denmark, Norway, Sweden, France, Germany, Great Britain, the Netherlands and Finland fall under the new tariffs. The duties will remain in force until a deal is reached on Greenland, Trump summarized.

The US president’s statement drew sharp criticism among the European political lobby. In particular, Danish Foreign Minister Lars Lekke Rasmussen said the following:

Danish Defense Committee Chairman Rasmus Jarlov put it more bluntly:

The US foreign policy agenda in general, as well as the Trump administration’s tariff policy, remains a significant influence on global markets, including cryptocurrency. Recall, the crypto market has twice faced a major drop amid the tightening of duties — in April and October 2025.

However, for now, the market remains stable. According to CryptoRank, some assets, if they have sagged, then slightly.

Also note that the U.S. Supreme Court has yet to rule on whether the president exceeded his authority by imposing the new duties. The ruling was expected on January 14-15, 2026, but has not been published.