EU on Donald Trump Tariff Bomb: US President Donald Trump has his eyes fixed on Greenland. He is once again expressing his intention to buy Greenland. At the same time, Trump announced to impose tariffs on some European countries protesting against the American occupation of Greenland. Apart from this, NATO allies have also been threatened with tariffs. Now the European Union (EU) has prepared to respond to this ‘extortion’ diplomacy in its own language.
Know that the 8 European countries supporting Greenland which have come under Trump’s tariff bomb include Denmark, Norway, Sweden, France, Germany, United Kingdom, Netherlands and Finland. Goods entering the US from these countries will face a 10% tariff from February 1, and if an agreement is not reached, it will increase to 25% on June 1.
EU badly enraged by imposition of tariff
Now the EU is planning to counter Trump’s tariffs. It is reported that a meeting in this regard was also held on Sunday. In this meeting, there was discussion about taking retaliatory action against America or stopping it from imposing tariffs on allies.
Greenland is technically part of Denmark, but Trump is keeping an eye on it due to its strategic location and natural resources. But, the people there clearly said that ‘Greenland is not for sale’.
If EU imposes tariff…
EU leaders will consider options at a summit in Brussels on Thursday. One of which is to impose a package of 93 billion euros on American imports. It will automatically start from February 6 after a suspension of 6 months.
If EU countries impose retaliatory tariffs of 93 billion euros, it will have a deep impact on America. Because this amount is so big that it can shake the major sectors of the American economy – agriculture, automobile and technology sectors. European officials believe Europe has the right to take equal action to protect its economy if Trump flouts trade rules. This retaliatory action can especially target those states which are considered to be Trump’s vote banks.
Warning from European leaders and diplomats
Apart from this, European leaders and diplomats, angry with Trump’s tariff bomb, have warned that his move could weaken America-Europe relations. It also warned that this could give rise to a dangerous negative phase.
Why is Greenland important for Trump?
Let us tell you that Donald Trump considers Greenland, a semi-autonomous region of Denmark included in the NATO alliance, important for the security of the United States. Due to its location, Greenland holds great importance in terms of defense. It is said that if there is a possibility of a missile attack from anywhere, the systems installed here can detect it very quickly and give a warning in time. By doing this, there is a chance to prepare before any major danger.