Former U.S. President Donald Trump has threatened to impose new tariffs on several European countries, escalating tensions between the United States and the European Union. The proposed tariffs could start around 10% and rise sharply if European leaders do not align with U.S. demands linked to strategic and geopolitical issues, including Greenland.
European governments have strongly rejected the threats, calling them economic pressure on long-time allies. EU leaders say Europe will not be intimidated and are considering counter-measures, including retaliatory tariffs.
The news has already shaken financial markets, with European stocks falling and export-dependent countries warning of major economic losses if tariffs are enforced. Analysts fear that a renewed trade conflict could hurt global growth and further strain transatlantic relations.
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