EU braces for trade tensions as Trump eyes tariffs on bloc
The European Commission has announced its readiness to defend the EU's interests should the new U.S. President, Donald Trump, impose the discussed tariffs on the bloc. "The agreement will make it easier to invest in each other's markets, supporting more companies to invest and set up business operations," stated Olof Gill, the Commission's spokesperson in Brussels.
On Friday, the European Commission was questioned about its plans following recent discussions between Trump and Danish Prime Minister Mette Frederiksen concerning tariffs and Greenland. Trump's inauguration as the 47th President of the United States is set for Monday, January 20. His return to the White House is stirring emotions, intensified by his comments on these issues.
Trump announced tariffs on the EU. The Commission reacts
Paula Pinho, another spokesperson for the European Commission, commented that they had heard the statements regarding Greenland, including certain threats, and remembered them well. She explained that they were not taking further action at the moment and were waiting for the incoming administration to officially take office soon. Once that happened, she added, they would assess any specific actions that might materialize and respond accordingly.
Olof Gill, the spokesperson responsible for trade, noted that the European Commission is updating its trade agenda by adopting tools to protect the EU's interests, thereby defending EU companies and member states.
The Commission's spokesperson stated that, although they did not intend to provide hypothetical answers to what was still a hypothetical possibility, they could reassure member states that the European Commission was prepared for all outcomes. The spokesperson emphasized that their goal with the new administration was to engage constructively to find a mutually beneficial solution. However, they also noted that the Commission was prepared for other scenarios and, if necessary, would defend its interests, companies, and member states.
Gill emphasized that the EU has a range of trade defence tools available to counter economic coercion and unfair competition that threaten fair competition. However, he declined to provide further details.
Danish Prime Minister spoke with Trump regarding Greenland
Danish Prime Minister Mette Frederiksen reiterated to Trump the stance taken by Greenland's Prime Minister Mute Egede, who affirmed that the island, which is presently under Danish jurisdiction, is not for sale, and Greenland will independently decide on its sovereignty. Frederiksen assured Trump that the EU and the United States share a common interest in enhancing trade relations.
This marked Frederiksen's first conversation with Trump following his earlier statements suggesting the acquisition of Greenland, where he did not exclude using tariffs as economic pressure on Denmark.
