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EU Considers Options to Manage New Trump Tariffs

Published January 20, 2026, 06:25
EU Considers Options to Manage New Trump Tariffs

The European Union is seeking ways to manage new tariffs announced by Donald Trump, threatening to impose a 10% duty on eight European countries, including six EU member states, if they do not consent to American control over Greenland. France is proposing a hard line and activating the 'trade bazooka,' which could lead to the exclusion of American companies from public contracts in the EU. However, Germany and other Central and Northern European countries prefer a milder approach, calling for dialogue with the United States. A decision is expected to be made at an emergency summit on Thursday, where the President of the European Council, António Costa, will coordinate the positions of the member states. Meanwhile, the European Parliament is challenging the EU-US tariff agreement reached last summer, with MEPs calling for it to be frozen. The agreement provides for a 15% duty on many European products exported to the US. According to the Financial Times, the EU is considering revisiting an older package of tariffs worth €93 billion on US products, which was prepared last year in case the US imposed duties. Activating this package would be a retaliation for US moves.