On Saturday, President Trump announced an extra 10% tariff on Germany, France, the UK, Netherlands, Finland, Sweden, Norway and Denmark as of 1 February until a deal on Greenland is reached. The tariffs would be increased to 25% by 1 June, if no deal is reached by then. As has been the case before, it is not exactly clear how this will work out as there has been no official communication from the White House, yet, just Trump’s announcement on social media. This marks the latest escalation in what has become one of the most critical sources of tension between two allies: the US and the EU. President Trump has ... (full story)