Trump Imposes New Tariffs Against These EU Nations Over Greenland: Will BTC Collapse Again?
The dispute over Greenland continues as quite a few nations from the European Union despatched army personnel to the island in a so-called reconnaissance mission.
US President Donald Trump, who retains claiming that his nation wants to manage the island, simply introduced a brand new set of tariffs in opposition to all nations which have despatched troops.
In a put up on his social media platform TruthSocial, the POTUS mentioned the tariffs will impression Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland.
At first, the taxation can be 10% on all items despatched to the US ranging from February 1, 2026. However, if there’s no deal for the acquisition of Greenland by June 1, the tariffs will enhance to 25%.
BREAKING: President Trump publicizes a ten% tariff on Denmark, Norway, Sweden, France, Germany, the UK, Netherlands, and Finland starting February 1st.
This tariff can be elevated to 25% starting on June 1st.
Tariffs will stay in impact till the US reaches a deal to purchase… pic.twitter.com/978qAHjxao
— The Kobeissi Letter (@KobeissiLetter) January 17, 2026
In his assertion, Trump emphasised {that a} deal means a “full and whole buy of Greenland,” which, he claims, is crucial for his nation’s nationwide safety.
In a separate put up on X, the analysts from the Kobeissi Letter estimated that $1.2 trillion value of annual bilateral commerce can be impacted below these new tariffs. They additionally asserted that the potential acquisition of Greenland would price the US round $700 billion.
They warned that the US-EU commerce warfare, which started final yr shortly after Trump’s inauguration, simply “escalated to a complete new stage,” because it’s clear that Greenland has change into the POTUS’s “prime strategic focus.”
Recall that BTC’s value was among the many worst-performing belongings final yr when Trump introduced the primary wave of tariffs in opposition to numerous nations. It slumped from its then-ATH of $110,000 to below $75,000 within the span of only a few months.
Trump’s announcement from earlier right this moment hasn’t harmed bitcoin’s value efficiency but. The cryptocurrency trades inches above $95,000, displaying little to no motion over the previous 24 hours.
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