Trump's Greenland Threats Spark Outrage From EU And Test Longtime NATO Alliance
HuffPost
President Donald Trump's push to control Greenland has sparked major tensions with Europe.
WASHINGTON (AP) — President Donald Trump’s pledge to provoke a sweeping tariff fight with Europe to get his way in taking control of Greenland has left many of America’s closest allies warning of a rupture with Washington capable of shattering the NATO alliance that had once seemed unshakable.
The European Union’s top official on Tuesday called Trump’s planned new tariffs on eight of its countries over Greenland a “mistake” and questioned Trump’s trustworthiness. French President Emmanuel Macron said the EU could retaliate by deploying one of its most powerful economic tools, known colloquially as a trade “bazooka.”
The rising tensions concerning Greenland, and threats of a deepening trade war between the U.S. and Europe, caused global investors to shudder Tuesday, as stocks on Wall Street slumped.
Trump prides himself on ratcheting up pressure to try to negotiate through a position of strength. He was leaving Washington Tuesday — the anniversary of his inauguration — for the World Economic Forum in Davos, Switzerland, a venue that offers Trump the chance to defuse tensions as quickly as he stirred them up.
But European leaders — digging in and vowing to defend Denmark and its control over semiautonomous Greenland — may be trying just as hard to meet an extraordinary moment with a show of their fierce resolve.
U.S. bank stocks fell in morning trading in a broader market decline, as investors awaited clarity on whether the Trump admin's Jan. 20 deadline to implement a 10% cap on credit card interest rates will take effect.
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"I want to show my support to Greenland and also show that I don’t like the president of the United States."
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