CNBC Daily Open: A trade 'bazooka' against Trump's Greenland tariffs is in the cards for the EU

In this article

Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

Greenland’s Prime Minister Jens-Frederik Nielsen stood firm on the island’s self-governance, rejecting any suggestion that trade pressure could sway the island’s politcal future.

“The latest statements from the US, including threats of tariffs, do not change that line. We will not be pressured,” Nielsen said, according to a Google translation.

Europe, meanwhile, is reportedly mulling bringing out its trade “bazooka” and imposing tariffs worth 93 billion euros ($108 billion) on the U.S., after President Donald Trump threatened to impose duties on eight European countries if a deal over the sale of Greenland isn’t reached.