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

USD -
AED 3.672497
AFN 62.999883
ALL 83.141978
AMD 376.485471
ANG 1.790083
AOA 916.999665
ARS 1368.006033
AUD 1.451674
AWG 1.8025
AZN 1.698954
BAM 1.694558
BBD 2.010968
BDT 122.511751
BGN 1.709309
BHD 0.377013
BIF 2965.773868
BMD 1
BND 1.283101
BOB 6.914956
BRL 5.237301
BSD 0.998423
BTN 94.09624
BWP 13.729041
BYN 2.998376
BYR 19600
BZD 2.008109
CAD 1.385205
CDF 2285.501206
CHF 0.797075
CLF 0.023512
CLP 928.389903
CNY 6.91145
CNH 6.91936
COP 3689.39
CRC 462.899991
CUC 1
CUP 26.5
CVE 95.540739
CZK 21.297011
DJF 177.799726
DKK 6.488375
DOP 60.195193
DZD 133.090309
EGP 52.800201
ERN 15
ETB 154.307745
EUR 0.86838
FJD 2.257395
FKP 0.749063
GBP 0.751455
GEL 2.695031
GGP 0.749063
GHS 10.916401
GIP 0.749063
GMD 73.504116
GNF 8752.907745
GTQ 7.638886
GYD 208.893799
HKD 7.834165
HNL 26.511932
HRK 6.539599
HTG 130.753836
HUF 338.261502
IDR 16975
ILS 3.155801
IMP 0.749063
INR 94.8435
IQD 1307.999879
IRR 1313299.999571
ISK 124.519761
JEP 0.749063
JMD 156.917785
JOD 0.708975
JPY 159.934967
KES 129.949847
KGS 87.450186
KHR 3998.336553
KMF 426.999892
KPW 900.088302
KRW 1509.170276
KWD 0.30765
KYD 0.832088
KZT 480.998402
LAK 21565.798992
LBP 89410.383591
LKR 314.008846
LRD 183.234482
LSL 17.08101
LTL 2.95274
LVL 0.60489
LYD 6.375734
MAD 9.322411
MDL 17.537157
MGA 4161.215702
MKD 53.493871
MMK 2102.538494
MNT 3579.989157
MOP 8.045798
MRU 39.8269
MUR 46.770257
MVR 15.460257
MWK 1731.28406
MXN 17.998902
MYR 4.008992
MZN 63.910184
NAD 17.080862
NGN 1384.150032
NIO 36.742473
NOK 9.69965
NPR 150.534765
NZD 1.734925
OMR 0.38449
PAB 0.998471
PEN 3.455542
PGK 4.314509
PHP 60.451022
PKR 278.731944
PLN 3.722104
PYG 6536.015664
QAR 3.640948
RON 4.42596
RSD 101.972019
RUB 81.123939
RWF 1458.028296
SAR 3.751817
SBD 8.041975
SCR 13.466938
SDG 601.000122
SEK 9.43585
SGD 1.28704
SHP 0.750259
SLE 24.550021
SLL 20969.510825
SOS 570.594376
SRD 37.561989
STD 20697.981008
STN 21.225996
SVC 8.73675
SYP 110.526284
SZL 17.078983
THB 32.920501
TJS 9.556146
TMT 3.51
TND 2.938146
TOP 2.40776
TRY 44.460204
TTD 6.776842
TWD 31.999298
TZS 2578.987014
UAH 43.811372
UGX 3714.470144
UYU 40.481936
UZS 12161.933849
VES 466.018145
VND 26327.5
VUV 119.707184
WST 2.754834
XAF 568.30701
XAG 0.014578
XAU 0.000226
XCD 2.70255
XCG 1.799507
XDR 0.706792
XOF 568.311934
XPF 103.329218
YER 238.649987
ZAR 17.17215
ZMK 9001.194403
ZMW 18.745993
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    -0.8200

    15.24

    -5.38%

  • CMSC

    -0.0900

    22.82

    -0.39%

  • VOD

    -0.0900

    14.63

    -0.62%

  • NGG

    -1.8900

    82.4

    -2.29%

  • RELX

    -0.4000

    32.07

    -1.25%

  • GSK

    -0.7600

    53.94

    -1.41%

  • RIO

    -1.7500

    85.79

    -2.04%

  • BCE

    -0.0200

    25.47

    -0.08%

  • CMSD

    0.0700

    22.75

    +0.31%

  • AZN

    -3.7400

    183.4

    -2.04%

  • BCC

    -0.3600

    74.29

    -0.48%

  • BTI

    -0.1900

    58.26

    -0.33%

  • JRI

    -0.0300

    12.07

    -0.25%

  • BP

    0.7600

    46.17

    +1.65%

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