EU Prepares Trade Retaliation After Trump Demands Greenland Purchase

#Brussels, #Belgium
EU ambassadors agreed to intensify retaliatory preparations after Trump threatened a 10 percent tariff on eight NATO allies to pressure Denmark into selling Greenland to the USA.The bloc is considering activating its Anti-Coercion Instrument, a powerful trade mechanism that allows for import restrictions and investment curbs against economic blackmail.While leaders like Emmanuel Macron support a firm response, others warn of a potential trade war that could impact the 2 trillion dollar transatlantic trade relationship.
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