The European Union is preparing a €93 billion ($107 billion) counterattack against U.S. trade threats tied to Greenland – a frosty geopolitical drama heating up ahead of this week’s World Economic Forum in Davos. ❄️💼
Why Now?
The EU’s tariff blueprint, drafted since 2025 but kept on ice until February 6, could now be activated after U.S. President Donald Trump threatened 10-25% tariffs on eight European nations unless they facilitate America’s "complete and total purchase" of Greenland. 🗺️💸
Unity in the North
Denmark, Finland, France, and five other targeted countries issued a joint "full solidarity" statement Sunday. Dutch Foreign Minister David van Weel slammed Trump’s move as "blackmail," while Germany vowed not to be "intimidated." 🇪🇺🤝
Davos Showdown Ahead
With Trump set to meet EU leaders this week, the bloc is also considering using its Anti-Coercion Instrument – a new tool to restrict U.S. market access. European Council President Antonio Costa warned tariffs would "undermine transatlantic relations" as emergency talks loom. ⚖️🔥
