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Trade war looms as European nations threaten to retaliate to Trump’s tariffs

Starmer says trade wars are 'in no one’s interest' amid US-Greenland tariff threats
  • Germany and France have threatened the US with retaliatory tariffs following threats from Donald Trump regarding higher tariffs over his attempts to acquire Greenland.
  • German Finance Minister Lars Klingbeil and French Finance Minister Roland Lescure stated that their nations would not tolerate blackmail from an ally.
  • Speculation arose that the European Union was preparing to impose €93bn in retaliatory tariffs on the US.
  • Sir Keir Starmer, the Prime Minister, condemned Trump's threats as "completely wrong" but cautioned against a trade war, advocating for calm.
  • The UK's Prime Minister appeared to rule out retaliatory tariffs, emphasising that trade wars serve no one's interest.
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