EU Reportedly Plans $100B Tariffs on US Firms Over Greenland Dispute

• EU is weighing €93B in tariffs and market limits after Trump linked new U.S. duties to a Greenland purchase demand.
• Trump plans 10% tariffs from Feb 2026, rising to 25% by June if Europe rejects U.S. control of Greenland.
• Eight European states backed Denmark as EU revives countermeasures ahead of Trump’s Davos meetings.

The European Union is reportedly preparing trade countermeasures worth 93 billion euros after U.S. President Donald Trump threatened tariffs over Greenland. The dispute surfaced in Europe and Washington ahead of the World Economic Forum in Davos this week. The plan involves U.S. tariffs starting February 1, 2026, tied to Trump’s Greenland purchase demand.

Retaliatory Measures and EU Strategy

European officials have revived a suspended tariff list targeting U.S. goods. The measures aim to counter Trump’s proposed tariffs on eight European countries. Notably, the list was drafted last year and paused until February 6 to avoid escalation. However, EU members reopened discussions as tensions widened.

Alongside tariffs, the bloc is considering market restrictions on American companies. According to Xinhua, officials discussed using the EU Anti-Coercion Instrument. That tool could limit U.S. firms’ access to the European market. These steps seek leverage before meetings with Trump in Davos, including talks with European Commission President Ursula von der Leyen.

Trump’s Tariff Timeline and Greenland Demand

Trump announced the tariff plan on social media on Saturday. He said the United States will impose a 10% tariff from February 1, 2026. However, the rate would rise to 25% on June 1 without a Greenland deal. Trump described the tariffs as payable until the United States secures “complete and total purchase” of Greenland.

The targeted countries include Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the United Kingdom. Trump linked the decision to European opposition to U.S. control of Greenland. He also cited Greenland’s role in the proposed “Golden Dome” missile defense system.

European Response and Diplomatic Context

Following Trump’s announcement, the eight targeted nations issued a joint statement. They declared “full solidarity” with Denmark and Greenland. As per the Financial Times, EU officials coordinated the response over the weekend.

Trump is scheduled to attend the World Economic Forum on Wednesday and Thursday. He is expected to hold private meetings with European leaders. He will also join discussions among Western countries supporting Ukraine.