The EU seeks to de-escalate the Greenland crisis and prepares a tariff fightback.
19 January 2026
European Union leaders face a pivotal week as they seek to defuse tensions with the US while preparing to retaliate should Trump act on his tariff threats.
If diplomacy fails, the EU could revive a €93-billion package of counter-tariffs targeting US industrial and agricultural products, the so-called “trade bazooka”.
If diplomacy fails, the EU could revive a €93-billion package of counter-tariffs targeting US industrial and agricultural products, the so-called “trade bazooka”.