EU Mulls Tariffs and Market Restrictions on US in Response to Greenland Threat

Flags of France (blue, white, red tricolor), the European Union (blue with yellow stars), the United States of America and the Zimmer Biomet company flutter in the sky in front of the entrance to the Biomet France company belonging to the American group Zimmer Biomet, one of the world leaders specializing in the design, manufacture and marketing of orthopedic implants, biomaterials, cementing products and medical devices, on the Lautagne plateau in Valence, France, on April 3, 2025.

European leaders are preparing a major response to US President Donald Trump's threats over Greenland, potentially targeting American goods with 93 billion euros ($107.7 billion) in tariffs or limiting US companies' access to European markets, the Financial Times reported Sunday.

The measures are being drafted ahead of this week's World Economic Forum in Davos, Switzerland, where EU officials hope to gain leverage during high-stakes meetings with Trump, Reuters reported.