Variants of the EU's response to the tariffs threatened by Donald Trump. The measures will affect American companies
British Prime Minister Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz at a G20 summit Photo: Profimedia
The ambassadors of the member states of the European Union are currently discussing the response measures to the announcement of the American president regarding the imposition of additional customs duties for a number of European states.
According to the Financial Times, cited by Reuters, there are two options being considered, both of which could affect American companies doing business with or in Europe.
Extraordinary summit of EU leaders for talks after Trump's threats on Greenland
One scenario envisages a similar response, namely the imposition of tariffs on 93 billion euros worth of imports from the United States.
The second scenario is the restriction of the access of American companies to the common market of the European Union.
These two options would be used as an argument by European leaders during the discussions they will have with US President Donald Trump on the sidelines of the Economic Forum in Davos, which will take place next week, writes the Financial Times citing officials involved in the preparation of the meetings in Switzerland.
“The End of the International Order.” Why Trump's Aggressive Greenland Strategy Raises Fears of NATO's Death
The eight European countries threatened by US President Donald Trump with additional tariffs because they oppose the acquisition of Greenland by the US issued a joint statement on Sunday expressing solidarity with the people of Greenland, as an autonomous part of the Kingdom of Denmark, and underlining the importance of the Arctic island's sovereignty and territorial integrity, Reuters reports.
“As members of NATO, we are committed to strengthening security in the Arctic, in the common transatlantic interest,” Finland, France, Germany, Norway, the Netherlands, Great Britain and Sweden said in the joint statement with Denmark.
“Threats of tariffs undermine transatlantic relations and risk a dangerous downward spiral,” the signatory states said, referring to Trump's announcement on Saturday that they would be subject to additional tariffs of 10 percent from February 1.
“We are in full solidarity with the Kingdom of Denmark and the people of Greenland. Based on the process started last week, we are ready to engage in a dialogue based on the principles of sovereignty and territorial integrity, which we strongly support,” the eight countries said in the joint statement.
“It's a scary time.” The EU is preparing a response to Trump over Greenland, and some are considering an unimaginable option. The first step has already been taken
