The dispute over Greenland continues as quite a few international locations from the European Union despatched army personnel to the island in a so-called reconnaissance mission.
US President Donald Trump, who retains claiming that his nation wants to regulate the island, simply introduced a brand new set of tariffs towards all nations which have despatched troops.
In a submit on his social media platform TruthSocial, the POTUS stated the tariffs will impression Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland.
At first, the taxation might be 10% on all items despatched to the US ranging from February 1, 2026. Nonetheless, if there’s no deal for the acquisition of Greenland by June 1, the tariffs will enhance to 25%.
BREAKING: President Trump declares a ten% tariff on Denmark, Norway, Sweden, France, Germany, the UK, Netherlands, and Finland starting February 1st.
This tariff might be elevated to 25% starting on June 1st.
Tariffs will stay in impact till the US reaches a deal to purchase… pic.twitter.com/978qAHjxao
— The Kobeissi Letter (@KobeissiLetter) January 17, 2026
In his assertion, Trump emphasised {that a} deal means a “full and complete buy of Greenland,” which, he claims, is crucial for his nation’s nationwide safety.
In a separate submit on X, the analysts from the Kobeissi Letter estimated that $1.2 trillion value of annual bilateral commerce might be impacted underneath these new tariffs. In addition they asserted that the potential acquisition of Greenland would value the US round $700 billion.
They warned that the US-EU commerce struggle, which started final yr shortly after Trump’s inauguration, simply “escalated to a complete new stage,” because it’s clear that Greenland has change into the POTUS’s “prime strategic focus.”
Recall that BTC’s value was among the many worst-performing belongings final yr when Trump introduced the primary wave of tariffs towards numerous international locations. It slumped from its then-ATH of $110,000 to underneath $75,000 within the span of just some months.
Trump’s announcement from earlier in the present day hasn’t harmed bitcoin’s value efficiency but. The cryptocurrency trades inches above $95,000, displaying little to no motion over the previous 24 hours.
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