Trump cancels tariff plan on 8 European countries
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Trump cancels tariff plan on eight European countries after NATO signals talks on Arctic security
President Donald Trump has abruptly canceled the tariff he had threatened to impose on eight European countries after days of rising tension over Greenland. Only a short time earlier, Trump had insisted the United States needed the island and had even spoken about wanting it “including right,
The dispute between the United States and Europe over the future of Greenland isn't the first time the allies have been at loggerheads.
Europe has options, but they are limited and will be difficult to co-ordinate. The 27 members of the European Union, plus Britain, Norway, Iceland and war-torn Ukraine, need a plan they can all live with.
Several NATO countries are deploying small numbers of military personnel to Greenland to participate in joint exercises with Denmark as US President Donald Trump ramps up his threats to forcibly annex the Arctic island.
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The dollar was higher, gold softer and stocks on the rebound on Thursday after U.S. President Donald Trump dropped tariff threats and ruled out seizing Greenland from an ally by force.