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FX.co ★ EU prepares €93 billion in tariffs and sanctions on US banks over Greenland

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Forex-Humor:::2026-01-22T13:26:44

EU prepares €93 billion in tariffs and sanctions on US banks over Greenland

The European Union is preparing to adopt the most decisive measures against the United States to deter President Donald Trump from attempting to seize Greenland, Politico reports. At an urgently convened meeting of representatives from the 27 member states in Brussels, diplomats discussed concrete countermeasures to deploy if talks with Washington fail next week.

The primary option under consideration is tariffs totaling €93 billion, which the EU could impose very quickly. An alternative is the use of the anti‑coercion instrument (ACI), under which Brussels could restrict the activities of US banks, revoke patents, or block companies’ revenues from software updates and streaming. Those measures signal the EU’s readiness for economic confrontation.

Antonio Costa announced plans to convene an extraordinary meeting in response to the Greenland situation. The EU is preparing a coordinated member-state response to Mr. Trump’s statements about imposing tariffs on European countries. The preparations for a potential trade war underscore how seriously the EU views the threat posed by the US president’s actions toward the Danish territory.

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