#trade-sanctions

#trade-sanctions

Ireland remains cautious about deploying the so-called "big bazooka" economic mechanism against the US, despite Europe moving closer to using the trade weapon in response to threats to take Greenland. Amid reports that Germany is moving towards supporting France in its call for EU member states to ask the European Commission to unleash the Anti-Coercion Instrument, Ireland has remained coy on its position and is instead calling for dialogue to avert an all-out trade war.

The announcement on 17 January that Washington will impose punitive tariffs of 10% to 25% on eight European allies unless they facilitate the complete and total purchase of Greenland is likely to be the death knell of the post-1945 transatlantic order. By linking the territorial sovereignty of a Nato ally to trade access, the US has transitioned from Europe's security guarantor to a 19th-century imperial rent-seeker. This is a moment of profound rupture.

Trump stunned Europe on Saturday when he vowed to slap EU members Denmark, Finland, France, Germany, the Netherlands, and Sweden -- and non-members Britain and Norway -- with levies of up to 25 percent unless the Danish territory is ceded to the United States. French President Emmanuel Macron has raised the prospect of hitting back with the EU's trade weapon, that was established in 2023 but has never been activated.

President Donald Trump said Monday that he'll impose a tariff of 25% on any country that does business with Iran. "Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America," Trump said in a post on Truth Social. The White House did not immediately respond to a request for comment. This story is breaking. Check back for updates.

The European Commission calls for a suspension of free trade agreements with Israel in response to the war on Gaza. The European Union says the humanitarian situation in Gaza is untenable. The bloc proposes a suspension of its trade agreement with Israel. list of 3 itemsend of list And it wants to impose sanctions on two ministers as well as settlers in the occupied West Bank.