Trade

Trump’s Greenland Tariffs Blow Up the EU Appeasement Plan

WATCH: The EU is in talks to potentially impose tariffs on €93 billion of US goods if Trump follows through on his threat to hit European countries with a 10% levy. Oliver Crook reports.Source: Bloomberg

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By Jorge Valero and Alberto Nardelli

January 18, 2026 at 9:28 PM UTC

Updated on

January 19, 2026 at 10:09 AM UTC

Ursula von der Leyen was preparing to claim a rare victory on Saturday, sealing a trade pact with South America’s biggest economies. Donald Trump had other ideas.

Moments before von der Leyen stepped to the podium in Paraguay, the US president dropped a blistering announcement: He was piling more tariffs on Europe over its support for Greenland.