Finance
'Be in no doubt' EU will retaliate to any new US tariffs, Ireland says
Published by Global Banking & Finance Review®
Posted on January 18, 2026
1 min readLast updated: January 19, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 18, 2026
1 min readLast updated: January 19, 2026
Ireland warns that the EU will retaliate if the US imposes tariffs on European allies over Greenland, urging dialogue to prevent escalation.
DUBLIN, Jan 18 (Reuters) - The European Union will retaliate if U.S. tariff threats against European allies over Greenland materialise, but it is premature to consider using the bloc's "Anti-Coercion Instrument", Ireland's prime minister said on Sunday.
"The tempo here has increased very dramatically, very quickly. Be in no doubt that Europe will obviously retaliate if these tariffs are imposed, and that will lead to a very serious situation globally," Micheal Martin said.
"Obviously, dialogue has to happen to prevent that from occurring... We're not getting into specifics just yet, and I think that (the Anti-Coercion Instrument) is a bit premature today but of course it may be put on the table," Martin added in an interview with national broadcaster RTE.
(Reporting by Padraic Halpin;Editing by Elaine Hardcastle)
Retaliation in trade refers to actions taken by a country in response to trade barriers or tariffs imposed by another country, often to protect its own economic interests.
The Anti-Coercion Instrument is a proposed EU measure aimed at protecting member states from coercive economic practices by non-EU countries.
Economic dialogue is a process where countries discuss and negotiate economic policies, trade agreements, and other financial matters to foster cooperation and resolve disputes.
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