#us-eu-relations

#us-eu-relations

EU leaders gathered for a hastily arranged summit in Brussels on Thursday evening, hours after most of them had been in Davos for the World Economic Forum amid the furore over Greenland caused by US President Donald Trump. The emergency summit was originally supposed to discuss a response to threats of fresh tariffs over Greenland. But US President Donald Trump's nebulous announcement of a "deal" appeared to have taken this specter off the table, at least in the immediate term.

"We are open, available, and interested," "I wouldn't consider it a smart choice for Italy and Europe to exclude themselves," "For us, there is a constitutional compatibility issue ... This certainly doesn't allow us to sign tomorrow."

Europe is weighing retaliation if President Donald Trump imposes more tariffs - and it threatens the US's big global advantage. French President Emmanuel Macron pushed to activate what's commonly referred to asa trade "bazooka" in response to Trump's recent threat to impose an additional 10% tariff on European countries unless they agree to a deal ceding control of Greenland.

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,

Markets reacted with speed and force. Gold jumped as much as 2.1% to a record $4,690 per troy ounce, while silver surged 4.4% as investors rush into havens. European equities opened sharply lower, with the Stoxx Europe 600 down 1.5%. Read more related news: Trump warns Norway he will not 'think exclusively about peace' US futures tracking the S&P 500 and Nasdaq 100 fell 0.9% and 1.2% respectively, even with US cash markets closed for Martin Luther King Jr Day.

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.

Against that backdrop, Europe's reliance on American-made AI begins to look more and more like a liability. In a worst case scenario, though experts consider the possibility remote, the US could choose to withhold access to AI services and crucial digital infrastructure. More plausibly, the Trump administration could use Europe's dependence as leverage as the two sides continue to iron out a trade deal. "That dependency is a liability in any negotiation-and we are going to be negotiating increasingly with the US," says Taddeo.

On Wednesday Brussels is due to outline the terms of the 90bn loan it has promised to Ukraine, amid internal tensions over whether Kyiv can use the money to buy US as well as EU weapons. On the same day, the US secretary of state, Marco Rubio, is due to meet ministers from Denmark and Greenland, as Donald Trump continues to insist that the US will take ownership of the latter one way or another.

Secretary of state Marco Rubio said the five people targeted with visa bans who include former European Commissioner Thierry Breton have led organized efforts to coerce American platforms to censor, demonetize, and suppress American viewpoints they oppose. These radical activists and weaponized NGOs have advanced censorship crackdowns by foreign states in each case targeting American speakers and American companies, Rubio said in an announcement.

There is pressure, fair enough, but this is not about US companies, but about the misuse of market power, no matter where the headquarters are,

she said that plans to deploy European troops to Ukraine as part of a post-conflict security guarantee were "pretty precise." "We have a clear road map, and we had an agreement [regarding US assistance] in the White House ... and this work is going forward very well," von der Leyen told the Financial Times in an interview on the matter published on Sunday.

"The targeting of India is unjustified and unreasonable," said Jaiswal, asserting the country's sovereign right to secure energy supplies in line with its needs. "Like any major economy, India will take all necessary measures to safeguard its national interests and economic security," he added.

German Finance Minister Lars Klingbeil is in Washington to discuss trade and global cooperation during his first official visit since taking office.

President Trump asserted that the United States will not go below 15% import taxes and is negotiating for fairer trade with the European Union.

Last week Musk, 53, ripped into Navarro, 75, as "truly a moron" who's "dumber than a sack of bricks," expressing frustration over the trade adviser's role in President Trump's tariff push.