The Prague Post - Europe scrambles to respond to Trump tariff threat

EUR -
AED 4.263113
AFN 73.131211
ALL 95.933207
AMD 438.313959
ANG 2.077555
AOA 1064.471997
ARS 1633.874993
AUD 1.655854
AWG 2.092378
AZN 1.978106
BAM 1.955118
BBD 2.337663
BDT 141.953112
BGN 1.91262
BHD 0.438013
BIF 3444.319675
BMD 1.16082
BND 1.482206
BOB 8.019924
BRL 6.111953
BSD 1.160635
BTN 106.429889
BWP 15.615011
BYN 3.409634
BYR 22752.068019
BZD 2.334375
CAD 1.586643
CDF 2623.452448
CHF 0.906293
CLF 0.02664
CLP 1051.899917
CNY 8.006757
CNH 8.03238
COP 4402.269781
CRC 547.083111
CUC 1.16082
CUP 30.761725
CVE 110.220829
CZK 24.373156
DJF 206.30091
DKK 7.471187
DOP 69.032335
DZD 151.851455
EGP 58.154057
ERN 17.412297
ETB 180.030154
FJD 2.568836
FKP 0.868426
GBP 0.868781
GEL 3.140056
GGP 0.868426
GHS 12.513201
GIP 0.868426
GMD 85.317899
GNF 10177.921158
GTQ 8.902777
GYD 242.836866
HKD 9.076624
HNL 30.722879
HRK 7.534996
HTG 152.179014
HUF 387.507766
IDR 19638.749323
ILS 3.575406
IMP 0.868426
INR 106.528839
IQD 1520.490657
IRR 1531205.463774
ISK 144.696234
JEP 0.868426
JMD 181.436667
JOD 0.823036
JPY 182.836667
KES 150.02456
KGS 101.506035
KHR 4658.173347
KMF 492.187226
KPW 1044.707587
KRW 1719.342417
KWD 0.357057
KYD 0.967229
KZT 571.41854
LAK 24859.465779
LBP 103940.036422
LKR 360.86937
LRD 211.828758
LSL 19.150525
LTL 3.427599
LVL 0.702168
LYD 7.398417
MAD 10.781333
MDL 20.074301
MGA 4796.098603
MKD 61.648707
MMK 2437.595997
MNT 4141.977034
MOP 9.350714
MRU 46.345427
MUR 54.929596
MVR 17.94649
MWK 2012.628107
MXN 20.580302
MYR 4.577131
MZN 74.182168
NAD 19.151267
NGN 1608.081957
NIO 42.714538
NOK 11.228031
NPR 170.288023
NZD 1.967514
OMR 0.446341
PAB 1.160655
PEN 3.959867
PGK 4.998997
PHP 68.28642
PKR 324.362485
PLN 4.276008
PYG 7600.248799
QAR 4.232922
RON 5.090542
RSD 117.444768
RUB 91.32795
RWF 1696.349408
SAR 4.356871
SBD 9.346527
SCR 17.266844
SDG 698.236474
SEK 10.710327
SGD 1.486923
SHP 0.870915
SLE 28.436769
SLL 24341.809976
SOS 662.168859
SRD 43.782612
STD 24026.626109
STN 24.490185
SVC 10.15593
SYP 128.323313
SZL 19.157323
THB 36.86748
TJS 11.131031
TMT 4.074477
TND 3.401413
TOP 2.794976
TRY 51.072823
TTD 7.851887
TWD 37.093762
TZS 2977.502903
UAH 50.857719
UGX 4271.453784
USD 1.16082
UYU 45.551745
UZS 14128.338013
VES 493.513256
VND 30430.890975
VUV 138.654296
WST 3.162993
XAF 655.702697
XAG 0.014122
XAU 0.000228
XCD 3.137174
XCG 2.091862
XDR 0.814442
XOF 655.694228
XPF 119.331742
YER 276.974712
ZAR 19.328056
ZMK 10448.768476
ZMW 22.343431
ZWL 373.783501
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    -0.1990

    23.29

    -0.85%

  • RIO

    -2.8800

    93.37

    -3.08%

  • BCC

    -1.0100

    77.31

    -1.31%

  • BTI

    -2.4200

    58.59

    -4.13%

  • RYCEF

    -0.8200

    17.25

    -4.75%

  • CMSD

    -0.0900

    23.21

    -0.39%

  • NGG

    -0.6900

    89.74

    -0.77%

  • GSK

    -1.5600

    55.27

    -2.82%

  • AZN

    -4.0100

    197.52

    -2.03%

  • BCE

    -0.4700

    25.98

    -1.81%

  • RELX

    1.0000

    35.18

    +2.84%

  • JRI

    -0.1100

    12.8

    -0.86%

  • VOD

    -0.4100

    14.62

    -2.8%

  • BP

    0.4600

    39.3

    +1.17%

Europe scrambles to respond to Trump tariff threat
Europe scrambles to respond to Trump tariff threat / Photo: Alessandro RAMPAZZO - AFP

Europe scrambles to respond to Trump tariff threat

European leaders on Sunday hit back at US President Donald Trump's threat of tariffs over their opposition to his designs on Greenland, with far-right Italian leader Giorgia Meloni urging Washington against making a "mistake".

Text size:

Trump has made no secret of his desire to seize the vast Arctic island, an autonomous territory of Denmark, since returning to the White House for a second term, and a ramping up of this claim in recent weeks has deeply shaken transatlantic relations.

He again upped the ante on Saturday, threatening to punish eight European countries with tariffs after they sent a few dozen troops to Greenland as part of a military drill.

Meloni, who has a good relationship with Trump, said she had told him it was a "mistake" to punish Europe economically.

"I believe that imposing new sanctions today would be a mistake," she told journalists during a trip to Seoul, adding that "I spoke to Donald Trump a few hours ago and told him what I think."

However, Meloni also sought to downplay the conflict, telling journalists "there has been a problem of understanding and communication" between Europe and the United States on Greenland.

She said it was up to NATO to take an active role in the growing crisis.

British Prime Minister Keir Starmer is planning to discuss the situation with Trump "at the earliest opportunity", UK Culture Minister Lisa Nandy told the BBC, calling the president's tariff threat "wrong".

"We believe it's deeply unhelpful, and we believe it's counterproductive, and the prime minister has not shied away from making that clear," she said.

French President Emmanuel Macron meanwhile called on the European Union to combat the threatened tariffs by deploying its powerful "anti-coercion instrument".

- Bring out the 'bazooka'? -

That weapon -- never used before and dubbed the EU's trade "bazooka" -- allows for curbing imports of goods and services.

Trump has threatened to impose a 10-percent tariff from February 1 on all goods sent to the United States from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland.

That levy would then be increased to 25 percent on June 1 "until such time as a deal is reached for the complete and total purchase of Greenland", the US president said.

The EU, which clinched a deal in July for most EU exports to face a 15-percent US levy, has called an extraordinary meeting of its ambassadors in Brussels on Sunday.

EU Commission chief Ursula von der Leyen and Antonio Costa, president of the European Council, warned Saturday that tariffs would "undermine transatlantic relations and risk a dangerous downward spiral".

- 'Blackmail' -

Thousands of people in Greenland's capital Nuuk, Copenhagen and other Danish cities protested against the prospect of US annexation on Saturday.

Denmark's Foreign Minister Lars Lokke Rasmussen announced Sunday he would visit fellow NATO members Norway, the UK and Sweden in the coming days to discuss the alliance's Arctic security policy.

France's Agricultural Minister Annie Genevard warned that tariffs would hurt Washington, too.

"In this escalation of tariffs, (Trump) has a lot to lose as well, as do his own farmers and industrialists," she told broadcasters Europe 1 and CNews.

Dutch Foreign Minister David van Weel meanwhile called Trump's threat an "inexplicable" form of "blackmail".

burs-cc/jhb

O.Holub--TPP