"In a Truth Social post, Trump said he will levy a new 10% tariff in February on imports from those countries, set to jump to 25% in June "to protect Global Peace and Security" because these countries "have journeyed to Greenland, for purposes unknown" and "have put a level of risk in play that is not tenable or sustainable." Trumpadded that the tariffs will be in effect until a deal to buy Greenland is reached."
"That new round of tariffs could affect a slew of goods, with medicine and cars leading the way. The US imported a total of $365 billion in goods from the eight targeted countries in 2024. That included about $44 billion in pharmaceutical preparations and nearly $40 billion in new or used passenger cars. Some other main imports included aircraft, industrial engines, and toiletries and cosmetics."
""Tariff threats undermine transatlantic relations and risk a dangerous downward spiral," the countries said in a joint statement. "We will continue to stand united and coordinated in our response." Trump continues to insist the US acquire Greenland, but said at the World Economic Forum in Davos on Wednesday that he won't use force to do so. "We probably won't get anything unless I decide to use excessive strength and force, where we would be, frankly, unstoppable, but I won't do that," he said."
New U.S. tariffs of 10% in February rising to 25% in June are proposed against eight European countries because of their recent presence in Greenland. The measures are justified as necessary "to protect Global Peace and Security" and are to remain until a purchase of Greenland is concluded. Targeted countries include Germany, the Netherlands, Finland, and France among others. U.S. imports from the eight countries totaled $365 billion in 2024, including about $44 billion in pharmaceutical preparations and nearly $40 billion in passenger cars, plus aircraft, industrial engines, toiletries, and cosmetics. Targeted countries warned that tariff threats could undermine transatlantic relations and pledged a coordinated response.
Read at Business Insider
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