European industry hits out at Trump’s ‘ludicrous’ demands over Greenland

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European industry leaders are criticizing Donald Trump's threat of new tariffs if the EU doesn't comply with unspecified demands related to Greenland. German industry associations, including those representing auto and engineering sectors, fear significant economic damage from the proposed tariffs, set to begin in February and escalate in June. They are urging the EU to respond strategically and resist Trump's demands, warning that further concessions will only encourage more threats. EU leaders are scheduled to meet in Brussels to discuss potential counter-tariffs on US exports. While some manufacturers are considering accelerating exports to the US before the tariffs take effect, the EU is also calling for calm and seeking diplomatic solutions to avoid a full-blown trade war.
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AI-ExtractedThe EU struck a diplomatic note, calling for calm on all sides.
European leaders are expected to meet in Brussels for an emergency summit.
Trump threatened to impose additional tariffs of 10% in February and a further 25% in June.
Tariffs would add more costs than cou
A fresh round of tariffs on European exports would cost Germany and Europe dearly.
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