Published by Global Banking & Finance Review®
Posted on January 18, 2026
1 min readLast updated: January 19, 2026
The EU is considering $108 billion in tariffs on the US in response to Trump's Greenland threats, aiming to gain leverage at Davos.
Jan 18 (Reuters) - European capitals may hit the U.S. with 93 billion euros ($107.71 billion) worth of tariffs or restrict American companies from the bloc's market in response to U.S. President Donald Trump's threats to NATO allies opposed to his campaign to take over Greenland, the Financial Times reported on Sunday.
The retaliation measures are being drawn up to give European leaders leverage in pivotal meetings with Trump at the World Economic Forum in Davos this week, the FT report said, citing officials involved in the preparations for the meetings in Switzerland.
($1 = 0.8634 euros)
(Reporting by Rishabh Jaiswal in Bengaluru. Editing by Jane Merriman)
Retaliatory tariffs are taxes imposed by a country on goods imported from another country in response to trade barriers or tariffs imposed by that country.
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