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Greenland tensions escalate as Trump imposes tariffs on European nations
The dispute over Greenland continues to intensify as several European Union countries have sent military personnel to the island under what they describe as a “reconnaissance mission.”
US President Donald Trump, who has repeatedly claimed that the United States needs to control Greenland for national security reasons, has just announced a new round of tariffs targeting all countries that have deployed troops there.
In a post on his social media platform TruthSocial, Trump said the tariffs will affect Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland. Starting February 1, 2026, a 10% tariff will be imposed on all goods imported into the US from these countries. If no agreement on Greenland is reached by June 1, the tariff rate will increase to 25%.
Trump stressed that any deal must involve the “complete and total purchase of Greenland,” which he claims is essential to US national security.
In a separate post on X, analysts at the Kobeissi Letter estimated that around $1.2 trillion in annual bilateral trade would be impacted by the new tariffs. They also suggested that a potential US acquisition of Greenland could cost approximately $700 billion.
The analysts warned that the US–EU trade war, which began last year shortly after Trump’s inauguration, has now “escalated to a whole new level,” as Greenland has clearly become the president’s “top strategic focus.”
Notably, Bitcoin was among the worst-performing assets last year when Trump announced the first wave of tariffs against numerous countries, plunging from its then all-time high of $110,000 to below $75,000 within just a few months.
So far, today’s announcement has not negatively affected Bitcoin’s price. The cryptocurrency is trading just above $95,000, showing little to no movement over the past 24 hours.
The dispute over Greenland continues to intensify as several European Union countries have sent military personnel to the island under what they describe as a “reconnaissance mission.”
US President Donald Trump, who has repeatedly claimed that the United States needs to control Greenland for national security reasons, has just announced a new round of tariffs targeting all countries that have deployed troops there.
In a post on his social media platform TruthSocial, Trump said the tariffs will affect Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland. Starting February 1, 2026, a 10% tariff will be imposed on all goods imported into the US from these countries. If no agreement on Greenland is reached by June 1, the tariff rate will increase to 25%.
Trump stressed that any deal must involve the “complete and total purchase of Greenland,” which he claims is essential to US national security.
In a separate post on X, analysts at the Kobeissi Letter estimated that around $1.2 trillion in annual bilateral trade would be impacted by the new tariffs. They also suggested that a potential US acquisition of Greenland could cost approximately $700 billion.
The analysts warned that the US–EU trade war, which began last year shortly after Trump’s inauguration, has now “escalated to a whole new level,” as Greenland has clearly become the president’s “top strategic focus.”
Notably, Bitcoin was among the worst-performing assets last year when Trump announced the first wave of tariffs against numerous countries, plunging from its then all-time high of $110,000 to below $75,000 within just a few months.
So far, today’s announcement has not negatively affected Bitcoin’s price. The cryptocurrency is trading just above $95,000, showing little to no movement over the past 24 hours.
Отказ от отговорност: Включва мнения на трети страни. Това не е финансов съвет. Може да включва спонсорирано съдържание. Вижте Правилата и условията.