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Stock impact report

CNBC Daily Open: The EU has a nuclear option to deal with Trump's Greenland tariffs — and is mulling over it [CNBC]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: CNBC
Nurphoto | Nurphoto | Getty Images Taken from CNBC's Daily Open, our international markets newsletter — Subscribe today Greenland's Prime Minister Jens-Frederik Nielsen stood firm on the island's self-governance, saying on Monday that the “latest statements from the US, including threats of tariffs, do not change that line. We will not be pressured,” according to a Google translation. Europe is reportedly mulling bringing out its trade “bazooka” and imposing 93 billion euros ($108 billion) worth of tariffs on the U.S., in response to President Donald Trump threatening to hit eight European countries with tariffs if a deal over the sale of Greenland isn't reached. At an emergency meeting in Brussels on Sunday afternoon local time, France pushed for the European Union to use the “Anti-Coercion Instrument,” reported the Financial Times According to the EU , the instrument is designed to deter “economic coercion” that pushes for policy changes that could affect trade and invest Show less Read more
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