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Trump’s tantrum backfires: Europe's $107bn hammer ready to smash US economy over Greenland gambit

Published on Jan 20, 2026 12:31 am IST

EU leaders have condemned proposed U.S. tariffs as “economic coercion” and “political blackmail.” In an emergency meeting, EU diplomats discussed countermeasures, including reviving €93 billion worth of counter-tariffs on American cars, industrial goods, and food products. Are we witnessing a new EU-U.S. trade war?

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