Trump Threatens Tariff Policies: Economic Impact on 8 European Countries

2026-01-20 01:36:20

Source: TokenPost Original Title: [Market Analysis] Trump: “If Greenland isn’t sold, tariffs will be a bomb”… Europe’s 8 countries face unavoidable economic impact Original Link: U.S. President Trump has used the “tariff card” to push for the purchase of Greenland, announcing that high tariffs will be imposed on these countries before an agreement is reached.

According to the latest news, starting February 1, the U.S. will impose a 10% tariff on imports from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland. President Trump also threatened that if no agreement is reached by June 1, tariffs will be increased to 25%.

European exports face a 270 billion euro hit, Germany’s economy sounds the alarm

According to Goldman Sachs analysis, GDP in Germany and other European countries could decline by up to 0.3%. This move has prompted the EU to consider retaliatory measures.

The implementation of this trade policy will have a substantial impact on the European economy, potentially further increasing global economic uncertainty and affecting the risk appetite in the cryptocurrency market.

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