The European Union (EU) is considering hitting back at the United States with 93 billion euros (107.68 billion U.S. dollars) worth of tariffs or restricting American companies from accessing the bloc's market, in response to U.S. President Donald Trump's tariff threats over Greenland, according to the Financial Times newspaper on Sunday.
Citing officials involved in the preparations, the Financial Times said the retaliatory measures are being drafted to give European leaders leverage ahead of pivotal meetings with Trump at the World Economic Forum in Davos the following week.
The report said the EU had drawn up the tariff list since last year but kept it suspended until Feb. 6 to avert a trade war.
Amid the escalation of the transatlantic rift over Greenland, representatives from the 27 EU members convened an emergency meeting in Brussels on Sunday to discuss the issue of whether to reactivate the list, alongside talks about using the Anti-Coercion Instrument, which could curb U.S. firms' access to the bloc's market.
Although they discussed the countermeasures, it was difficult for the EU members to reach a consensus when substantive consultations began.
The report came after the eight countries directly targeted by the U.S. proposed tariffs -- Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the United Kingdom -- issued a joint statement on Sunday declaring "full solidarity" with Denmark and Greenland.
In a social media post on Saturday, Trump said the United States would levy a 10-percent tariff from Feb. 1 on goods from the mentioned eight countries. He warned the rate would rise to 25 percent on June 1 and remain in place until a deal is reached for the "complete and total purchase" of Greenland.
Greenland is a self-governing territory within the Kingdom of Denmark, with Copenhagen retaining control over defense and foreign policy. The United States maintains a military base on the island.
Since returning to the Oval Office in 2025, Trump has repeatedly voiced a desire to "obtain" Greenland and has recently ramped up his threat.
EU considering hitting U.S. with 93 bln euro worth of tariffs: media
EU considering hitting U.S. with 93 bln euro worth of tariffs: media
