US Threatens New Tariffs on Europe as EU Prepares Retaliatory Measures

The trade landscape shifted after the US administration announced potential tariffs targeting European countries opposing US ambitions in Greenland. In response, the European Union signaled readiness to deploy retaliatory measures—described by officials as a “bazooka option” that could impose up to $100 billion in tariffs on US goods.

The escalation adds fresh uncertainty to global markets already grappling with geopolitical risk and slowing growth signals.