Trump threatens 10% tariffs on 8 European countries
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In a post on social media, Trump said a 10% tariff will take effect on Feb. 1, and will climb to 25% on June 1 if a deal is not in place for the United States to purchase Greenland.
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Trump has vowed to place increasing tariffs on goods from EU members Denmark, Finland, France, Germany, the Netherlands and Sweden, as well as non-EU states Norway and Britain, until the United States was allowed to buy Greenland.
We "have agreed to a trade deal last July, and in politics, as in business, a deal is a deal. And when friends shake hands, it must mean something"
Stock markets opened in the red for the first time since President Trump threatened tariffs against European nations who oppose his plans to take over Greenland. Joe Ciolli, an executive editor at Business Insider,
President Trump threatens tariffs on eight European countries that oppose the U.S. takeover of Greenland. Former U.S. Ambassador to Denmark Rufus Gifford joins Meet the Press NOW to react to the president’s latest escalation and explain what he’s hearing from the people of Denmark.