"Well, you know, Michel, it casts a huge shadow over Davos. The standoff between the EU and the U.S. over Greenland escalated even more over the weekend. Eight nations showing their solidarity with Greenland and Denmark held a military exercise on the mineral-rich Arctic island. Trump responded by threatening those particular nations - and it was France, Germany, the U.K., the Netherlands, Sweden, Finland and Denmark - those are big players - with an extra 10% tariff to go into effect February 1,"
"And this is on top of the 15% already in place for the EU in general. In response, EU ambassadors met in Brussels and issued a rare joint statement reaffirming their solidarity with Denmark and the people of Greenland, saying tariffs only undermine transatlantic relations, and they warned there is a risk of a dangerous downward spiral. I spoke with Celia Belin, who heads the Paris Office of the European Council on Foreign Relations. She summed up the Europeans' mood like this."
President Trump will travel to Davos amid heightened tensions with European allies over his proposals concerning Greenland and threatened tariffs. European nations staged a military exercise showing solidarity with Greenland and Denmark, prompting Trump to threaten an extra 10% tariff on seven specific countries in addition to an existing 15% EU tariff. EU ambassadors issued a joint statement affirming solidarity with Denmark and Greenland and warning that tariffs undermine transatlantic relations and risk a dangerous downward spiral. European officials express panic and concern about the unpredictability of U.S. actions and the potential impact on diplomatic and economic ties.
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