Trump threatens 10pc tariff on UK and EU imports over Greenland dispute

Trump threatens 10pc tariff on UK and EU imports

Trump threatens a 10pc tariff on US imports from the UK and seven EU countries.
The threat targets Denmark, Finland, France, Germany, the Netherlands, Norway, and Sweden.
Trump cited their involvement in a military mission in Greenland as justification.

The tariff would rise to 25pc from 1 June unless the US secures Greenland.
Trump described the military mission as “for purposes unknown” and criticized Denmark’s defense commitments.
Meanwhile, European leaders and UK Prime Minister Keir Starmer condemned the threat as harmful to NATO allies.

US imports from the UK already face a 10pc tariff; EU imports face 15pc.
The threatened increase adds pressure on transatlantic trade amid Arctic security concerns.
Trump also suggested Greenland could be annexed, heightening diplomatic tensions.

Global reactions to Trump’s Greenland tariff threat

European Union officials emphasized unity and dialogue with the US.
President Ursula von der Leyen and European Council President Antonio Costa warned against a downward spiral.
UK officials plan direct negotiations with Washington to protect sovereignty and trade interests.

Denmark’s Foreign Minister Lars Lokke Rasmussen highlighted increased military contributions, including ships, drones, and fighter jets.
Meanwhile, a US congressional delegation met Denmark to stress Arctic cooperation and Arctic critical minerals development.
The delegation noted there is no need for hostile acquisitions, emphasizing treaty frameworks for security.

Implications for metals, energy, and critical mineral markets

Trump’s threat may disrupt trade in metals, energy, and Arctic-critical minerals.
Imports from allied countries include industrial metals, semiconductors, and battery materials.
Potential tariffs could raise costs for US manufacturers and affect global commodity pricing.

SuperMetalPrice Commentary:

Trump’s 10pc tariff threat underscores political risk in transatlantic trade.
Markets for metals and critical minerals may face volatility if escalation continues.
SuperMetalPrice advises tracking diplomatic negotiations, as Arctic security intersects with supply chain stability.