Tensions between the US and EU hit an all-time high as Trump's aggressive stance on acquiring Greenland sparks a global trade war. The move, which has drawn fierce opposition from Denmark and the EU, threatens to push transatlantic relations to the brink of collapse.
President Donald Trump's assertion that he is open to purchasing Greenland, despite being met with resistance from its host nation and a group of European countries, has set off alarm bells in Brussels and Washington. The US President's administration has warned that tariffs will be imposed on EU goods unless their demands are met, sending shockwaves throughout the global economy.
According to Carsten Brzeski, Global Head of Macro for ING Research, this is not just a trade dispute - it's an existential threat to one of the world's most enduring alliances. "This is putting enormous stress on the transatlantic relationship," he warned, cautioning that there are no winners in a trade war. For Brzeski, the current situation marks a low point in relations between the US and EU since the end of World War II.
Experts are bracing for a potential trade war that could have far-reaching consequences for global markets, economies, and security. As one of the world's most closely tied relationships falters, Brussels is scrambling to respond with robust countermeasures aimed at protecting EU interests and preventing what some are calling an "economic Cold War."
President Donald Trump's assertion that he is open to purchasing Greenland, despite being met with resistance from its host nation and a group of European countries, has set off alarm bells in Brussels and Washington. The US President's administration has warned that tariffs will be imposed on EU goods unless their demands are met, sending shockwaves throughout the global economy.
According to Carsten Brzeski, Global Head of Macro for ING Research, this is not just a trade dispute - it's an existential threat to one of the world's most enduring alliances. "This is putting enormous stress on the transatlantic relationship," he warned, cautioning that there are no winners in a trade war. For Brzeski, the current situation marks a low point in relations between the US and EU since the end of World War II.
Experts are bracing for a potential trade war that could have far-reaching consequences for global markets, economies, and security. As one of the world's most closely tied relationships falters, Brussels is scrambling to respond with robust countermeasures aimed at protecting EU interests and preventing what some are calling an "economic Cold War."