Europe weighs trade “bazooka” after Trump’s tariff threat (Axios)

President Trump’s pledge to tax eight NATO allies to force a deal on Greenland triggered swift blowback across the Atlantic, jeopardizing the U.S.–EU trade agreement Trump once called the “biggest deal ever made.”. Why it matters: Trump’s escalating fixation on the self-governing island has triggered the sharpest European economic threats since World War II in a test of whether the post-war alliance has a breaking point. The latest: Trump threatened 10% tariffs starting Feb. 1 on France, Germany, the U.K., the Netherlands, Denmark, Norway, Sweden and Finland until the U.S. reaches a deal to buy Greenland. The tariffs would rise to 25% in June.

Trump’s Greenland tariff plan sparks EU backlash, threatens trade deal