The China Mail - Europe scrambles to respond to Trump tariff threat

USD -
AED 3.672504
AFN 65.503991
ALL 83.322563
AMD 380.250743
ANG 1.79008
AOA 916.000367
ARS 1429.503978
AUD 1.489425
AWG 1.8
AZN 1.70397
BAM 1.685235
BBD 2.016544
BDT 122.459179
BGN 1.67937
BHD 0.375856
BIF 2964.19801
BMD 1
BND 1.288872
BOB 6.918272
BRL 5.369204
BSD 1.001249
BTN 90.83538
BWP 13.372108
BYN 2.88751
BYR 19600
BZD 2.0137
CAD 1.391704
CDF 2175.000362
CHF 0.80266
CLF 0.022456
CLP 886.690396
CNY 6.96885
CNH 6.967445
COP 3690.233079
CRC 489.336952
CUC 1
CUP 26.5
CVE 95.010986
CZK 20.91615
DJF 178.294774
DKK 6.441504
DOP 63.788721
DZD 129.915988
EGP 47.100082
ERN 15
ETB 156.231959
EUR 0.861604
FJD 2.279504
FKP 0.747394
GBP 0.747077
GEL 2.690391
GGP 0.747394
GHS 10.848305
GIP 0.747394
GMD 74.000355
GNF 8765.671449
GTQ 7.676533
GYD 209.435182
HKD 7.79735
HNL 26.404722
HRK 6.495904
HTG 131.153332
HUF 332.103831
IDR 16909.1
ILS 3.145104
IMP 0.747394
INR 90.870387
IQD 1311.619491
IRR 42125.000158
ISK 125.980386
JEP 0.747394
JMD 158.002671
JOD 0.70904
JPY 158.19504
KES 129.15428
KGS 87.450384
KHR 4030.847443
KMF 425.00035
KPW 899.995691
KRW 1473.570383
KWD 0.30798
KYD 0.834346
KZT 511.981388
LAK 21649.218043
LBP 89660.247297
LKR 310.163285
LRD 180.724656
LSL 16.394037
LTL 2.95274
LVL 0.60489
LYD 5.440524
MAD 9.218129
MDL 17.165999
MGA 4652.966266
MKD 53.039507
MMK 2100.148553
MNT 3563.292689
MOP 8.043859
MRU 40.089613
MUR 46.303741
MVR 15.460378
MWK 1736.15958
MXN 17.625904
MYR 4.057504
MZN 63.903729
NAD 16.394037
NGN 1418.830377
NIO 36.8446
NOK 10.095204
NPR 145.336263
NZD 1.738526
OMR 0.383361
PAB 1.001249
PEN 3.364353
PGK 4.277282
PHP 59.430375
PKR 280.206626
PLN 3.63815
PYG 6843.307053
QAR 3.640429
RON 4.388704
RSD 101.107234
RUB 77.894102
RWF 1459.825083
SAR 3.749586
SBD 8.123611
SCR 15.263453
SDG 601.503676
SEK 9.221904
SGD 1.288604
SHP 0.750259
SLE 24.150371
SLL 20969.499267
SOS 571.194692
SRD 38.358504
STD 20697.981008
STN 21.11068
SVC 8.760501
SYP 11059.574895
SZL 16.398259
THB 31.410369
TJS 9.30645
TMT 3.51
TND 2.936625
TOP 2.40776
TRY 43.277504
TTD 6.798501
TWD 31.623038
TZS 2523.114041
UAH 43.417001
UGX 3559.519193
UYU 38.748869
UZS 11983.973116
VES 341.315304
VND 26275
VUV 120.406136
WST 2.790188
XAF 565.212184
XAG 0.011095
XAU 0.000218
XCD 2.70255
XCG 1.804489
XDR 0.702943
XOF 565.212184
XPF 102.761622
YER 238.475037
ZAR 16.40716
ZMK 9001.203584
ZMW 20.099953
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    -0.0600

    23.92

    -0.25%

  • GSK

    -0.9000

    48.22

    -1.87%

  • NGG

    1.5300

    80.89

    +1.89%

  • BCE

    -0.1000

    24.14

    -0.41%

  • BTI

    0.1400

    58.22

    +0.24%

  • CMSC

    -0.0700

    23.48

    -0.3%

  • AZN

    0.4000

    94.39

    +0.42%

  • BCC

    -0.7600

    85.51

    -0.89%

  • RIO

    -1.2200

    85.13

    -1.43%

  • BP

    0.2300

    35.38

    +0.65%

  • JRI

    0.1600

    13.7

    +1.17%

  • VOD

    0.0200

    13.47

    +0.15%

  • RBGPF

    0.0000

    84.04

    0%

  • RYCEF

    0.0500

    17.08

    +0.29%

  • RELX

    -0.2200

    41.63

    -0.53%

Europe scrambles to respond to Trump tariff threat
Europe scrambles to respond to Trump tariff threat / Photo: © 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

H.Ng--ThChM