"The United States's claim to the Danish territory has sparked fears of a trade war. United States President Donald Trump has threatened tariffs against seven European Union countries and the United Kingdom for opposing his plans to take control of Greenland. EU leaders are considering how to respond."
"What are their options? And what are the dangers for both sides? Presenter: Maleen Saeed Guests: Rebecca Christie Senior fellow at Bruegel, a European think tank that specialises in economics Ben Aris Founder and editor-in-chief of bne IntelliNews Pieter Cleppe European policy analyst and editor-in-chief of BrusselsReport.eu"
The United States asserted a claim related to the Danish territory of Greenland and President Donald Trump threatened tariffs against seven EU countries and the United Kingdom for opposing plans to take control. EU leaders are weighing responses that include diplomatic measures, legal options at the WTO and calibrated retaliatory economic measures such as counter-tariffs. Economic risks include disruption to trade, damaged supply chains and hits to export sectors. Political risks include deterioration of transatlantic relations, domestic political fallout and increased strategic tensions in the Arctic. Escalation could disproportionately harm smaller economies and invite broader trade retaliation.
Read at www.aljazeera.com
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