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U.S. President Donald Trump has threatened a rising wave of tariffs on several European allies, raising the alarm for industries and businesses across the region.
Trump on Saturday pledged to impose 10% tariffs on the U.K., Denmark, Norway, Sweden, France, Germany, the Netherlands, and Finland by Feb. 1, ramping up his push to make Greenland, a self-governing Danish territory, a part of the United States.
The levy on these countries will rise to 25% from June 1, Trump said.
European political leaders are set to hold emergency talks over the coming days as they consider their response, with retaliatory measures and broader punitive economic policies reportedly on the table.
