Finance
Trump vows tariffs on eight European nations over Greenland
Published by Global Banking & Finance Review®
Posted on January 17, 2026
1 min readLast updated: January 19, 2026
Quick Summary
Trump threatens tariffs on European nations unless the US can purchase Greenland, with tariffs increasing from 10% to 25% by June.
Trump vows tariffs on eight European nations over Greenland
WASHINGTON, Jan 17 (Reuters) - U.S. President Donald Trump on Saturday vowed to implement a wave of increasing tariffs on European allies until the United States is allowed to purchase Greenland.
In a post on Truth Social, Trump said 10% tariffs would come into effect on February 1 on Denmark, Norway, Sweden, France, Germany, Great Britain, the Netherlands and Finland. Those tariffs would increase to 25% on June 1 and would continue until a deal is reached for the United States to purchase Greenland, Trump said.
(Reporting by Jason Lange; Editing by Sergio Non)
Key Takeaways
- •Trump plans tariffs on European nations over Greenland.
- •10% tariffs start February 1, increasing to 25% by June.
- •Targeted countries include Denmark, Norway, and others.
- •Tariffs aim to pressure a Greenland purchase deal.
- •Trade tensions between the US and Europe may escalate.
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