A projection of a Euro currency motion is pictured connected the facade of the European Central Bank (ECB) office successful Frankfurt americium Main, occidental Germany, connected Dec. 30, 2025.
Kirill Kudryavtsev | Afp | Getty Images
Greenland's Prime Minister Jens-Frederik Nielsen stood firm connected the island's self-governance, rejecting immoderate proposition that commercialized unit could sway the island's politcal future.
"The latest statements from the US, including threats of tariffs, bash not alteration that line. We volition not beryllium pressured," Nielsen said, according to a Google translation.
Europe, meanwhile, is reportedly mulling bringing retired its commercialized "bazooka" and imposing tariffs worthy 93 cardinal euros ($108 billion) connected the U.S., aft President Donald Trump threatened to enforce duties connected 8 European countries if a woody implicit the merchantability of Greenland isn't reached.
At an exigency gathering successful Brussels connected Sunday, France urged the European Union to usage the "Anti-Coercion Instrument," the Financial Times reported.
The instrumentality is designed to deter what the EU defines arsenic "economic coercion" that could impact commercialized and concern successful the bloc. Retaliation could widen beyond tariffs to fiscal restrictions, intelligence property-related measures and limits connected nationalist procurement.
The scope of repercussions has earned the instrumentality a estimation arsenic Europe's commercialized "bazooka," and not each EU members are anxious to usage it. Germany has tended to beryllium much reticent astir utilizing it, partially due to the fact that of its dense reliance connected exports, Carsten Nickel, lawman manager of Research astatine Teneo, told CNBC.
But wherever you are connected the continent, there's nary escaping Trump's tariffs. Sectors astir exposed see the car industry, which counts Germany's BMW and Milan-listed Stellantis arsenic members; luxury names specified arsenic France's LVMH and Kering; and pharmaceutical giants including Denmark's Novo Nordisk and Switzerland's Roche.
Yet nary manufacture appears to beryllium successful Trump's crosshairs arsenic overmuch arsenic French vino and champagne, which the president threatened connected Tuesday with 200% tariffs, aft French President Emmanuel Macron was reported to beryllium unwilling to articulation his "Board of Peace" connected Gaza.
Markets were rattled by the news. Futures tied to the Dow Jones Industrial Average pointed to a driblet of implicit 600 points astatine Tuesday's open. European stocks broadly fell connected Monday, portion safe-haven assets gold and silver changeable up to deed caller highs, conscionable days aft breaking erstwhile records.
And that's conscionable the absorption from the archetypal circular of tariffs from Trump. If the EU retaliates, whether done targeted duties oregon its commercialized bazooka, the economical fallout is apt to widen.
— CNBC's Holly Ellyatt contributed to this report.
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And finally...
Japan’s drawback elections: A reckless hazard oregon calculated gamble?
Less than fractional a twelvemonth into bureau and Japan's caller premier minister, Sanae Takaichi, has called a drawback election, dissolving the Lower House connected Jan. 23 and sending voters to the polls connected Feb. 8. Analysts accidental the determination is mostly aimed astatine capitalizing connected Takichi's precocious support ratings to fortify the ruling Liberal Democratic Party and its conjugation clasp connected parliament.
A stronger bulk would let Takaichi to task a firmer governmental mandate to overseas leaders, including U.S. President Donald Trump, said Sam Jochim, economist astatine Swiss backstage slope EFG. He noted that Takaichi could person a imaginable gathering with the U.S. president arsenic aboriginal arsenic March.
— Lim Hui Jie
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