"President Trump posted his latest threat to take over Greenland late last night on Truth Social: "Now it is time, and it will be done!!!"Previously, on Saturday, he threatened to impose tariffs of 10%, rising to 25%, on Denmark, Norway, Sweden, France, Germany, the U.K., the Netherlands, and Finland, rising to 25% on June 1, " until such time as a Deal is reached for the Complete and Total purchase of Greenland.""
"But analysts noted this morning that the court is due to issue rulings on Tuesday and Wednesday of this week. The expectation on Wall Street is that the court will rule that the president does not have the power under the International Emergency Economic Powers Act (IEEPA) to impose tariffs on routine international trade. If that happens, Trump's threats could become meaningless, at least in the short-term."
President Trump renewed threats to acquire Greenland and posted on Truth Social that 'Now it is time, and it will be done.' He threatened tariffs starting at 10% and rising to 25% against Denmark, Norway, Sweden, France, Germany, the U.K., the Netherlands, and Finland until a deal for Greenland is reached. Market analysts expect upcoming U.S. Supreme Court rulings could rule the president lacks authority under the International Emergency Economic Powers Act (IEEPA) to impose tariffs on routine trade. Financial firms warned U.S. tariffs may be overturned, which would undercut the immediate effectiveness of the tariff threat and complicate any purchase plan.
Read at Fortune
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