Trump’s 10% tariff move jolts Europe, EU cautions against economic fallout (Image X @JIX5A)
Washington: Top leaders of the European Union had expressed serious concern over US President Donald Trump's recent tariff threat. Trump had indicated that if the US did not get permission to buy Greenland, import duties on European countries would be continuously increased. After this statement, a round of high-level meetings took place in Brussels, and the EU leadership called it a dangerous sign for the global economy. Both the European Commission and the Council made it clear that claiming sovereign territory through economic pressure is not acceptable.
European Commission President Ursula von der Leyen and European Council President Antonio Costa said such threats are not limited to trade but also to Europe's political freedoms. According to them, European countries are united on this issue and do not intend to succumb to any external pressure. They also warned that raising tariffs could lead to a breakdown in transatlantic relations.
Top EU diplomat Kaja Kallas said the higher tariffs would not only impact Europe, but American consumers and industries would also have to pay the price. According to him, due to expensive imports, the prices of everyday items may increase and the confidence of investors may weaken. He warned that this risked increasing economic inequality and poverty on both sides of the Atlantic.
Kallas believes that if there are concerns about Greenland's security or strategic position, then it can be discussed on a platform like NATO. Weaponizing tariffs creates distrust between allies. He also said that such differences can be taken advantage of by countries like Russia and China, who already want to weaken the unity of Western countries.
EU leaders fear this new confrontation could divert Europe's attention from the Ukraine war, which it considers its primary security challenge. Greenland comes under Denmark and Copenhagen has already rejected Trump's demand. Denmark has sought open support from the European Union in this matter.
International analysts say that talks may take place between America and EU in the coming days. At present there is uncertainty in the markets and investors are cautious about tariffs. The EU has appealed that all parties adopt the path of dialogue, so that the global economy does not suffer further shock. There has been no formal statement from the White House, but indications are that Trump is sticking to his stance.
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