Under immense purchase pressure, the EU warns Trump’s tariff threat might cause a “dangerous downward spiral” for the global economy. European leaders have pushed back against President Trump’s ultimatum to sell Greenland or face trade barriers. To organize a response, the EU has summoned its envoys for an emergency meeting this Sunday.
Ursula von der Leyen and Antonio Costa took to social media to voice their concerns. They stated that tariffs would undermine the transatlantic relationship and promised that Europe would remain united. The leaders stressed that the EU is coordinated and committed to upholding the sovereignty of its member states.
The financial threat is tiered and time-sensitive. Trump stated that from February 1, countries including Denmark and Germany would face a 10% tariff on all goods. He added that these tariffs would rise to 25% on June 1 if the US does not acquire Greenland, linking real estate ambitions directly to trade policy.
In addition to the trade dispute, the EU clarified the nature of military exercises in the Arctic. Leaders stated that the Danish drills were pre-coordinated and designed to strengthen security in the region. They insisted that these actions pose no threat to anyone and are part of a shared interest in Arctic stability.
The EU reaffirmed its commitment to dialogue, noting that talks between the Kingdom of Denmark and the US started last week. However, the bloc remains firm that economic bullying is not the way forward. Sunday’s meeting will focus on solidifying the EU’s collective stance and supporting Denmark.