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EU considers $108 billion in retaliatory tariffs on US over Trump's Greenland threat, FT reports

Published by Global Banking & Finance Review

Posted on January 18, 2026

1 min read

· Last updated: January 19, 2026

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EU considers $108 billion in retaliatory tariffs on US over Trump's Greenland threat, FT reports
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Jan 18 (Reuters) - European capitals may hit the U.S. with 93 billion euros ($107.71 billion) worth of tariffs or restrict American companies from the bloc's market in response to U.S. President

EU considers $108 billion in retaliatory tariffs on US over Trump's Greenland threat, FT reports

Jan 18 (Reuters) - European capitals may hit the U.S. with 93 billion euros ($107.71 billion) worth of tariffs or restrict American companies from the bloc's market in response to U.S. President Donald Trump's threats to NATO allies opposed to his campaign to take over Greenland, the Financial Times reported on Sunday.

The retaliation measures are being drawn up to give European leaders leverage in pivotal meetings with Trump at the World Economic Forum in Davos this week, the FT report said, citing officials involved in the preparations for the meetings in Switzerland.

($1 = 0.8634 euros)

(Reporting by Rishabh Jaiswal in Bengaluru. Editing by Jane Merriman)

Key Takeaways

  • EU may impose $108 billion in tariffs on US.
  • Response to Trump's Greenland acquisition threats.
  • Tariffs aim to leverage Davos meetings with Trump.
  • European leaders seek negotiation power.
  • Financial Times cites officials in report.

Frequently Asked Questions

What are retaliatory tariffs?
Retaliatory tariffs are taxes imposed by a country on goods imported from another country in response to trade barriers or tariffs imposed by that country.

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