EU Strikes Back: Tariff Tensions with Trump and Greenland Gamble

European Union ambassadors reached a consensus to counter U.S. President Trump's planned tariffs, which hinge on the purchase of Greenland. Strategies include retaliatory tariffs and possible use of the Anti-Coercion Instrument. The issue will be discussed at an emergency EU summit, with dialogue efforts anticipated in Davos.

On Sunday, European Union ambassadors agreed to ramp up efforts against U.S. President Donald Trump's looming tariffs on its allies, with the strategy including both dialogue and potential retaliatory measures.

Trump's proposition tied to the acquisition of Greenland has been labeled as extortion by EU major states. The EU's unified response incorporates a set of tariffs targeting $107.7 billion in U.S. imports and the potential employment of an Anti-Coercion Instrument.

This dispute will be a highlight at the forthcoming summit in Brussels and the World Economic Forum in Davos, where both trade tensions and diplomatic engagements will headline discussions as transatlantic relations hang in the balance.

(With inputs from agencies.)