The US Treasury Secretary, Scott Bessent, expressed skepticism about the EU’s ability to quickly respond to President Trump’s proposed 10% tariffs related to Greenland, predicting the formation of a slow-moving “European working group” instead. He noted that Europe’s decision-making speed is lacking, citing its ongoing purchases of Russian fuel. Bessent warned that retaliatory tariffs on $93 billion of US exports would be unwise and emphasized that a trade conflict could be self-defeating for Europe. As European nations debate their response, Bessent suggested the US is not currently considering a negotiated solution regarding Greenland.
Want More Context? 🔎
Loading PerspectiveSplit analysis...
