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Fortune
Fortune
Jason Ma

The EU could fire a never-before-used 'trade bazooka' to retaliate against Trump tariffs aimed at NATO allies sending troops to Greenland

(Credit: JIM WATSON/AFP via Getty Images)

French President Emmanuel Macron is reportedly pushing the European Union to deploy its “anti-coercion instrument” as retaliation against new U.S. tariffs targeting NATO countries.

In a social media post on Saturday, President Donald Trump said Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland will be hit with a 10% tariff starting on Feb. 1 that will rise to 25% on June 1, until a “Deal is reached for the Complete and Total purchase of Greenland.”

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