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U.S. President #Donald Trump has announced new tariffs on some European countries for their opposition to the U.S. plan to take over Greenland. This comes ahead of the Supreme Court’s ruling on whether the Trump tariffs are legal, which could come as soon as next week.
Trump Announces Tariffs On 8 European Countries
In a Truth Social post, the U.S. #president stated that they will change 10% tariff on any and all goods from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland, starting February 1. He further declared that these tariffs will increase to 25% on June 1.
He also mentioned that this tariff will remain due and payable until they reach a deal for the complete and total purchase of Greenland. Interestingly, this development comes just ahead of a #Supreme Court ruling on the Trump tariffs. The court will determine whether the president has the authority to impose these tariffs under the 1977 International Emergency Economic Powers Act.
Explaining the rationale for these latest tariffs, Trump highlighted how these countries had moved into Greenland for “purposes unknown,” although likely to defend against the U.S. move to take over Greenland. He claimed that their move is a “very dangerous situation for the safety, security, and survival” of this planet.
“Therefore, it is imperative that, in order to protect Global Peace and Security, strong measures be taken so that this potentially perilous situation ends quickly, and without question,” the president said while announcing the latest tariffs. He added that the U.S. is open to negotiation with Denmark and any of these other countries.
The $BTC price remained largely unchanged following the announcement of these Trump tariffs. The flagship crypto is currently trading at around $95,200, down in the last 24 hours.

France’s #trade minister has reacted to Trump’s threat of tariffs on wine exports from France to the U.S. This came even though the U.S. #President scrapped plans to apply the trade policy against certain EU nations amid the dispute over Greenland.
French Minister Rebuffs Trump tariff threats, Warns of retaliation
According to a Bloomberg report, the French trade minister, Nicolas Forissier, criticized the threat by #Donald Trump to impose heavy tariffs on alcohol exports from the nation of France.
He made it clear that Paris would not think twice about retaliatory action should these policies be put into place. Forissier told Davos that the idea to use tariffs on culturally or economically significant items is, to us, unacceptable.
Trump had threatened to impose a 200% levy on French wine and champagne when President #Macron refused to join his “Board of Peace.” It was later shared that the United States is stepping back from the Trump tariffs plans targeting European nations that were against his goal of acquiring Greenland. However, the French authorities are holding their ground.
“It’s not acceptable to have this kind of weapon, taking some sectors which are very symbolic and important for us as hostage, this is not acceptable and if it was done there would be some responses,” Forissier said.
Before Trump’s partial retreat, France was among the European countries pushing a hard collective response. Forissier conceded that consensus within the EU remains difficult to achieve. Member states are divided on how aggressively to respond to the Trump tariff threats.
EU Trade War Cools, But France Threat Remains
Trade wars between the US and #Europe appeared to ease yesterday. Yesterday, the U.S President announced a delay of the implementation of the imposed duties against some European countries. This was meant to take effect beginning February 1.
Trump made the announcement after holding productive talks with NATO Secretary General Mark Rutte, according to the president. The news also provided a short-term positive effect on the market, and the cryptocurrency market turned green.
The European Union had suspended its trade agreement, which it had reached with the U.S., due to the recent tariff threats made by Trump.
Although currently in freeze mode, a strong indication was given that if this threat of tariffs manifests itself in reality, the response would be quite strong. The Board for Peace, led by President Trump, has been duly established through an agreement with world leaders.