Dialogos

Financial Times: EU Considers Economic Retaliation Against US

Published January 19, 2026, 06:03
Financial Times: EU Considers Economic Retaliation Against US

The European Union is considering economic retaliation against the United States, in response to threats from President Trump regarding tariffs and his attempt to acquire Greenland. According to a Financial Times report, potential measures include tariffs of up to €93 billion or restricting access for US companies to the EU market. This move aims to give European leaders a strategic advantage ahead of upcoming meetings with Donald Trump at the World Economic Forum in Davos. The President of the European Council, Antonio Costa, announced the convening of an extraordinary meeting of the European Council on January 22, emphasizing that tariffs undermine transatlantic relations and that the EU is ready to defend itself against any form of coercion. The situation is described as the most serious crisis in transatlantic relations in decades.