🇺🇸🇪🇺 EU REACTS STRONGLY TO PRESIDENT TRUMP'S THREAT OF TARIFFS OVER GREENLAND

🔹 The Netherlands condemns President Trump's threat to impose tariffs as "extortion," after the US announced a 10% (1 tariff starting February 1) and potentially increasing to 25% if Greenland is not allowed to be purchased.

🔹 The eight targeted countries include Denmark, Sweden, France, Germany, the Netherlands, Finland, the UK, and Norway.

🔹 The EU has convened an emergency meeting in Brussels and is calling for a coordinated response at the bloc-wide level.

🔹 France and several other countries have proposed activating the Anti-Coercion Instrument, a never-before-used tool that would allow the EU to restrict US investments, public procurement, financial services, and trade services.

🔹 The European Parliament is considering suspending the ratification process of the EU–US trade agreement, which was scheduled for a vote at the end of the month.

🔹 Some leaders, such as Italy, continue to call for dialogue, but overall, the EU is showing a firm stance. #TariffTensionsHitCryptoMarket $BTC $ETH $XRP