CNBC Daily Open: The EU prepares to respond to Trump's Greenland tariffs [CNBC]
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Source: CNBC
Tom Brenner | Getty Images Taken from CNBC's Daily Open, our international markets newsletter — Subscribe today If economic sanctions are designed to apply pressure without firing a shot, then U.S. President Donald Trump has aimed directly at America's closest military allies. Trump said Saturday the U.S. will impose a 10% tariff on imports from eight NATO nations — Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland — starting Feb. 1. Trump added that duties on those nations would rise to 25% on June 1 until “a Deal is reached for the Complete and Total purchase of Greenland.” European leaders moved quickly to condemn the move , calling it “unacceptable.” After a meeting Sunday and broadly agreeing to dissuade Trump, EU officials are weighing retaliatory tariffs of as much as 93 billion euros ($108 billion) on U.S. goods, reported Reuters U.K. Prime Minister Keir Starmer is set to address the Greenland-related tariffs in a speech lat
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