ByMike Stunson,
Forbes Staff.
President Donald Trump on Saturday announced he will impose a 10% tariff on eight European countries that have this week sent military personnel to Greenland, a semi-autonomous territory of Denmark that that president is attempting to take over.
Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland will face the tariff—effective Feb. 1— “on any and all goods sent to the United States of America,” Trump said in a post on Truth Social.
The tariff will increase to 25% on June 1, according to Trump, who said the payments will be due until his proposed purchase of Greenland is complete.
