"On Saturday, Trump took to social media to announce that he would impose additional tariffs on eight European nations that have spoken out against his plan to acquire Greenland from the Kingdom of Denmark. The president announced that, beginning on February 1st, goods from those nations will be charged an additional 10% tariff when they enter the United States. The nations Trump threatened to levy the additional tariffs against include: Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the United Kingdom."
"But Trump didn't stop there. He also announced that those additional 10% tariffs would rise to 25% on June 1 and "will be due and payable until such time as a Deal is reached for the Complete and Total purchase of Greenland." Currently, there is already a 10% tariff on goods from the United Kingdom and a 15% tariff on goods from the other countries Trump cited. The additional Greenland tariffs would raise the levies on goods from those countries to at least 25%."
President Donald Trump announced additional tariffs on eight European countries after opposition to his plan to acquire Greenland. Beginning February 1, goods from Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the United Kingdom will face an extra 10% tariff, rising to 25% on June 1. Trump said the tariffs "will be due and payable until such time as a Deal is reached for the Complete and Total purchase of Greenland." Existing levies include a 10% tariff on UK goods and 15% on the others; rates would reach at least 25% next month and 40% in June. Trump cited Greenland's strategic location and mineral resources. Gold and cryptocurrency markets are reacting.
Read at Fast Company
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