Europe considers trade bazooka over Greenland threats | 7NEWS

7 months ago The News Room

European Union leaders held crisis talks in Brussels to discuss retaliatory measures after US President Donald Trump threatened tariffs on eight European nations, including Denmark, the UK and Germany, unless they support his plan for an American takeover of Greenland. The EU is considering deploying its unprecedented ‘trade bazooka’ – a comprehensive set of financial, licensing and trade restrictions on American companies – ahead of meetings with Trump at the World Economic Forum in Switzerland. European leaders have condemned the threats as blackmail and warned they undermine transatlantic relations.

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