President Donald Trump announced a 10% tariff on all imports from France, Finland, Norway, Sweden, Denmark, Germany, the Netherlands and the United Kingdom, effective February 1, 2026, rising to 25% on June 1 if no deal is reached. He framed the measure as leverage over countries that opposed U.S. control of Greenland and followed deployments of military personnel to the island. Trump said duties apply to “any and all goods” until a “complete and total” purchase is secured. European leaders condemned the move and warned of coordinated retaliation, while businesses warned higher duties would raise costs for consumers and disrupt trade and markets. (forbes.com)

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