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Trump Escalates Greenland Standoff With 200% French Wine Tariff Threats as EU Vows Firm Response at Davos

EU institutions moved toward retaliation including a freeze on ratifying the new US trade pact.

Overview

  • At the World Economic Forum, President Donald Trump said he will convene a meeting of the “different parties” on Greenland and vowed that opponents will “see how far” he is prepared to go.
  • Trump threatened 200% duties on French wines and champagnes after Emmanuel Macron declined to join his proposed Council of Peace, and he warned of additional tariffs on other European countries backing Denmark.
  • European Commission President Ursula von der Leyen promised a firm, united and proportionate response to any US trade measures, while Macron urged activation of the EU anti-coercion instrument.
  • The European Parliament moved to suspend ratification of the recently concluded EUUS trade agreement in reaction to Washington’s threats.
  • Denmark and Greenland proposed a NATO surveillance mission for the island, and Greenland’s premier reaffirmed the territory’s sovereignty as the US promotes a Council of Peace that reportedly seeks $1 billion member contributions and includes an invitation to Vladimir Putin.