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US Threat of Greenland Tariffs Raises European Geopolitical Risks
The threat of Greenland-related US tariffs on European allies and European retaliatory measures will be subject to intense discussions and implementation remains highly uncertain. But it signifies a serious upsurge in transatlantic tensions, increasing pressure in Europe to raise defence spending, posing risks to trade and growth, and weakening deterrence against future Russian aggression. US President Donald Trump threatened on 17 January a 10% tariff on Denmark and seven other European countries. The tariffs, which Fitch Ratings assumes would be levied in addition to existing tariffs, would take effect on 1 ... (full story)