A New Cold War Over Greenland: Trump's Tariff Threats Shake Global Alliances

President Trump’s determination to acquire Greenland links to his failure to secure the Nobel Peace Prize and has reignited trade tensions with Europe. His threats of tariffs could unravel NATO alliances, disrupt trade agreements, and cause economic instability amidst plans for an EU response.

In a dramatic escalation of geopolitical tensions, U.S. President Donald Trump has connected his ambition to gain control over Greenland with his disappointment at not winning the Nobel Peace Prize. Trump has threatened punitive tariffs on European countries, risking igniting a trade war and destabilizing NATO alliances.

The U.S. leader's unexpected push to acquire Greenland has put existing trade deals between the European Union and the U.S. at risk while raising questions over the security of Western alliances, including NATO. This comes at a time when the alliance is already under stress due to conflicts like the one in Ukraine and debates over defense spending.

In response to Trump's aggressive stance, EU leaders are contemplating retaliatory measures, with discussions scheduled at an emergency summit in Brussels. As the world watches nervously, the potential economic ramifications of these developments continue to send shockwaves through markets globally.

(With inputs from agencies.)