Trump hyperlinks Greenland threats to Nobel Peace Prize snub; EU discusses $108 billion in retaliatory tariffs

[ad_1] President Trump has linked his rationale for wanting to buy Greenland with the actual fact he did not win the Nobel Peace Prize, according to a letter the US president despatched to Norwegian Prime Minister Jonas Gahr Retailer.

“Contemplating your Nation determined to not give me the Nobel Peace Prize for having stopped 8 Wars PLUS, I not really feel an obligation to assume purely of Peace,” Trump says within the letter obtained by Bloomberg.

EU capitals have entered discussions to implement tariffs of as much as $108 billion on American merchandise after Trump posted his plan to levy new tariffs on Europe on Saturday . Trump stated the US would implement 10% tariffs on eight European nations he says are getting in the best way of a US buy of Greenland.

The tariffs would start Feb. 1 and apply to "any and all items despatched to" the US. The levies on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland can be raised to 25% on June 1 if no settlement is in place.

"China and Russia need Greenland, and there may be not a factor that Denmark can do about it. They at the moment have two dogsleds as safety, one added lately," Trump wrote. "Solely america of America, underneath PRESIDENT DONALD J. TRUMP, can play on this recreation, and really efficiently, at that!"

The nations — Denmark, Sweden, France, Germany, the Netherlands and Finland, Britain and Norway — are already topic to US tariffs between 10% and 15%.

"Tariff threats undermine transatlantic relations and threat a harmful downward spiral," the eight nations said in a joint assertion Sunday.

Danish Prime Minister Mette Frederiksen praised the constant message from the remainder of the continent, saying "Europe won't be blackmailed," a view echoed by Germany's finance minister and Sweden's prime minister.

US Treasury Secretary Scott Bessent was asked Sunday on NBC's Meet the Press whether or not Trump’s stance towards Europe is a negotiating tactic. However Bessent appeared to point the president wouldn’t change his thoughts.

In the meantime, the US Supreme Courtroom's first two alternatives to problem a verdict this yr on the implications and legality of Trump's world duties on commerce companions have come and gone and not using a choice.

The Trump administration made appeals to the courtroom final yr, and in current weeks, Trump has ceaselessly expressed concern over the ruling.

"If the Supreme Courtroom guidelines towards america of America on this Nationwide Safety bonanza, WE’RE SCREWED!" he wrote on social media.

Learn extra: What Trump promised with his 'Liberation Day' tariffs — and what he delivered

LIVE 45 updates Trump hyperlinks Greenland threats to Nobel Peace Prize snub

President Trump has claimed in a letter to the Norwegian Prime Minister Jonas Gahr Stor that his need to buy Greenland is because of his not being awarded the Nobel Peace Prize.

Trump initially stated that his claims on Greenland associated to causes of nationwide safety; some have claimed it might be all the way down to the pure minerals that the island has. However now it seems him being snubbed for the peace prize award final yr is the actual purpose.

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<img class="avatar yf-bfqodo" src="https://s.yimg.com/uu/api/res/1.2/Mu961r2aioIDU88sl1pWxA--~B/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--/https://o.aolcdn.com/images/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2024-10%252F82cf5f80-8bd8-11ef-babf-b4e662504245%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3Deba9c6bf409177b1a8c7fa8257231200b686e99c&compress=1&progressive=1&quality=75&client=hawkeye&signature=839dce8d897765d2f2bd1f7dbbf52134bb20dcb4" alt="Jenny McCall"/> Individuals bear nearly all the price of Trump tariffs A examine, performed by a German assume tank, has concluded that American importers are paying nearly solely for President Trump's tariffs on imported items.

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<img class="avatar yf-bfqodo" src="https://s.yimg.com/uu/api/res/1.2/Mu961r2aioIDU88sl1pWxA--~B/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--/https://o.aolcdn.com/images/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2024-10%252F82cf5f80-8bd8-11ef-babf-b4e662504245%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3Deba9c6bf409177b1a8c7fa8257231200b686e99c&compress=1&progressive=1&quality=75&client=hawkeye&signature=839dce8d897765d2f2bd1f7dbbf52134bb20dcb4" alt="Jenny McCall"/> Europe can wield this $8T ‘promote America’ weapon as Trump reignites a commerce warfare over Greenland Because the EU weighs retaliatory measures towards President Trump as a consequence of his 10% tariff risk, specialists consider the EU's best weapon in its arsenal could also be its monetary markets.

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EU eyes tariffs on $108 billion of US items over new Trump risk The European Union is trying to impose tariffs on $108 billion of US items after President Trump threatened to hit European nations with a ten% levy. Relations between the EU and the US began to unravel over the weekend as Trump continued his pursuit of Greenland. The US president stated he would unleash 10% tariffs on items from eight European nations ranging from February 1, rising to 25% in June, until a deal is struck on the "buy of Greenland."

Trump issued the risk after the EU stated it will undertake token NATO navy planning workout routines within the semi-autonomous Danish territory.

It is not simply tariffs that the EU is trying to impose as its 27 nations met Sunday to debate choices; the union can also be weighing extra countermeasures past the tariffs, however finally it'll attempt to attain a diplomatic answer first.

Trump has been eager to buy Greenland since he returned to workplace, saying it's for nationwide safety causes and has stated he'll take the island the "straightforward means" or the "exhausting means".

Some consider that Greenland's pure assets, which embody uncommon earth minerals, uranium and iron and the truth that it may have vital oil and fuel reserves, are the primary causes for Trump's calls for. Now that Trump has eliminated Venezuelan President Nicolás Maduro, his pursuit of Greenland has elevated.

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EU poses retaliation tariffs towards US totaling $107B European capitals might hit the U.S. with 93 billion euros ($107.71 billion) price of tariffs or limit American firms from the bloc's market in response to U.S. President Donald Trump's threats to NATO allies against his marketing campaign to take over Greenland, the Monetary Instances reported on Sunday.

The retaliation measures are being drawn as much as give European leaders leverage in pivotal conferences with Trump on the World Financial Discussion board in Davos this week, the FT report stated, citing officers concerned within the preparations for the conferences in Switzerland.

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Solar, January 18, 2026 at 5:19 PM UTC Bessent dismisses 'weak' Europe pushback on Trump plan to annex Greenland US Treasury Secretary Scott Bessent on Sunday dismissed European nations' risk to nix a commerce deal negotiated final yr between the EU and the US as President Trump introduced new tariffs to power a sale of Greenland to the US. Bessent made the remarks on NBC's Meet the Press, Reuters reported:

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Sat, January 17, 2026 at 5:00 PM UTC Trump says US will levy 10% tariff on most of Europe over quest to buy Greenland In a prolonged Truth Social post Saturday morning, President Trump stated the US would impose 10% tariffs on eight European nations "till such time as a Deal is reached for the Full and Complete buy of Greenland."

The tariffs would start Feb. 1, the president wrote, and can apply to "any and all items despatched to" the US. The levies on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland can be raised to 25% on June 1 if no settlement is in place.

Trump alluded to the levies Friday throughout a roundtable event on healthcare , however didn't provide specifics on which nations and the way a lot. Germany, France, Sweden, and Norway have dedicated to sending navy personnel to Greenland for what they known as a reconnaissance mission. Greenland is an autonomous territory inside Denmark, and the Danish overseas minister has stated there may be nonetheless "basic disagreement" with the US about management of Greenland.

Go deeper: <a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/news/greenland-looks-like-trumps-next-geopolitical-priority-it-could-also-be-the-oil-industrys-next-great-hope-110029932.html" data-ylk="slk:Greenland looks like Trump’s next geopolitical priority. It could also be the oil industry’s next great hope.;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;" class="link yahoo-link"> Greenland looks like Trump’s next geopolitical priority. It could also be the oil industry’s next great hope.

However Trump has insisted that the US "wants" the island nation to stop enlargement into the area by Russia and China. He repeated the declare on Saturday.

"World Peace is at stake! China and Russia need Greenland, and there may be not a factor that Denmark can do about it. They at the moment have two dogsleds as safety, one added lately. Solely america of America, underneath PRESIDENT DONALD J. TRUMP, can play on this recreation, and really efficiently, at that!"

Reuters reported later Saturday that ambassadors from the EU's 27 nations would maintain an emergency assembly on Sunday in gentle of Trump's newest remarks.

Learn extra: Trump vows tariffs on eight European nations over Greenland

Fri, January 16, 2026 at 4:25 PM UTC Trump floats tariffs on nations that 'do not go together with' Greenland takeover President Trump urged on Friday that the US might impose new tariffs on nations that oppose a US acquisition of Greenland.

"I'll placed on a tariff on nations if they do not go together with Greenland as a result of we'd like Greenland for nationwide safety," Trump stated at a roundtable event on healthcare (see clip below).

Trump did not provide any particular particulars about what the tariff would seem like and moved on from the subject to speak about healthcare as an alternative.

His feedback comply with tense talks between officers from the US and Denmark, which is liable for Greenland's protection, in regards to the autonomous territory's future.

Trump has renewed his curiosity in taking management of Greenland following the US strike on Venezuela that eliminated its chief, Nicolás Maduro. "By some means, we will have Greenland," Trump stated beforehand, noting that he'd favor a negotiated settlement.

For the reason that talks on the White Home, NATO nations Germany, France, Sweden, and Norway have dedicated to sending navy personnel to the island for what they've known as a reconnaissance mission. Denmark's overseas minister has stated that Denmark and Greenland “nonetheless have a basic disagreement” with the US about management of the island.

<img class="avatar yf-bfqodo" src="https://s.yimg.com/uu/api/res/1.2/Mu961r2aioIDU88sl1pWxA--~B/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--/https://o.aolcdn.com/images/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2024-10%252F82cf5f80-8bd8-11ef-babf-b4e662504245%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3Deba9c6bf409177b1a8c7fa8257231200b686e99c&compress=1&progressive=1&quality=75&client=hawkeye&signature=839dce8d897765d2f2bd1f7dbbf52134bb20dcb4" alt="Jenny McCall"/> Fri, January 16, 2026 at 12:44 PM UTC Taiwan touts 'finest tariff deal' with US amid Beijing's objections Taiwan's Premier Cho Jung-tai praised the nation's new commerce cope with the US, saying it is the "finest tariff deal" loved by nations that promote extra to the US than they purchase. The Trump administration has focused nations that are inclined to export extra to the US than they import — in different phrases, have a big commerce surplus.

Nevertheless, China is lower than proud of the deal; Beijing views Taiwan as a Chinese language territory and due to this fact opposes the most recent settlement.

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<img class="avatar yf-bfqodo" src="https://s.yimg.com/uu/api/res/1.2/Mu961r2aioIDU88sl1pWxA--~B/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--/https://o.aolcdn.com/images/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2024-10%252F82cf5f80-8bd8-11ef-babf-b4e662504245%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3Deba9c6bf409177b1a8c7fa8257231200b686e99c&compress=1&progressive=1&quality=75&client=hawkeye&signature=839dce8d897765d2f2bd1f7dbbf52134bb20dcb4" alt="Jenny McCall"/> Fri, January 16, 2026 at 10:06 AM UTC Canada, breaking with US, agrees to chop tariff on Chinese language EVs in return for decrease tariffs Canadian Prime Minister Mark Carney introduced on Friday that Canada and China have reached a deal for Beijing to chop tariffs on its canola by March 1. This newest transfer between the 2 nations is an indication that the commerce rift, which disrupted crop flows, is beginning to thaw.

In return, Canada agreed to chop tariffs on Chinese language electrical autos. Canada will allow as much as 49,000 Chinese language EVs at a tariff of 6.1%, Carney stated after talks with Chinese language chief Xi Jinping.

That is the primary go to from a Canadian prime minister since 2017, as Canada seeks to construct its strategic alliances with the nation's second-largest buying and selling accomplice after the US.

It is usually an indication that China might begin to rebuild a few of its strategic allies, whereas Canada could also be breaking from the US.

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<img class="avatar yf-bfqodo" src="https://s.yimg.com/uu/api/res/1.2/Mu961r2aioIDU88sl1pWxA--~B/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--/https://o.aolcdn.com/images/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2024-10%252F82cf5f80-8bd8-11ef-babf-b4e662504245%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3Deba9c6bf409177b1a8c7fa8257231200b686e99c&compress=1&progressive=1&quality=75&client=hawkeye&signature=839dce8d897765d2f2bd1f7dbbf52134bb20dcb4" alt="Jenny McCall"/> Fri, January 16, 2026 at 9:06 AM UTC White Home says 25% semiconductor tariffs a 'part one' motion Reuters reports:

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<img class="avatar yf-bfqodo" src="https://s.yimg.com/uu/api/res/1.2/Mu961r2aioIDU88sl1pWxA--~B/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--/https://o.aolcdn.com/images/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2024-10%252F82cf5f80-8bd8-11ef-babf-b4e662504245%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3Deba9c6bf409177b1a8c7fa8257231200b686e99c&compress=1&progressive=1&quality=75&client=hawkeye&signature=839dce8d897765d2f2bd1f7dbbf52134bb20dcb4" alt="Jenny McCall"/> Fri, January 16, 2026 at 3:00 AM UTC Lawmakers introduce invoice to create $2.5B essential minerals stockpile Republicans and Democratic lawmakers have joined forces to introduce a invoice that might create a $2.5 billion stockpile of essential minerals, corresponding to uncommon earths, in a bid to stabilise market costs and encourage extra home mining.

The invoice is Washington's newest try and offset what policymakers view as China's manipulation of costs for lithium, nickel, uncommon earths, and different essential minerals.

It additionally comes shortly after China agreed to ease export restrictions on uncommon earth supplies, as a part of its one-year commerce truce with the US.

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<img class="avatar yf-bfqodo" src="https://s.yimg.com/uu/api/res/1.2/p7S65GyYypopyp3zhcjv_g--~B/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--/https://o.aolcdn.com/images/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2023-05%252F128dd290-f595-11ed-b4d8-cbe5a3d4e16f%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3D4032c266a6e3ad3af35e07e05b7f14a19b6e7fcb&compress=1&progressive=1&quality=75&client=hawkeye&signature=51fc62488f627e17b6456ed9c840a3a069d9e8bd" alt="Brett LoGiurato"/> Thu, January 15, 2026 at 7:50 PM UTC US, Taiwan attain commerce deal to chop tariffs, enhance funding The US and Taiwan reached a commerce deal Thursday that can see tariffs reduce between the nations, whereas the US stated Taiwan would enhance its funding within the US semiconductor trade.

In keeping with a fact sheet from the US Commerce Division, Taiwanese semiconductor firms make investments $250 billion to spice up financing in American operations. The Taiwanese authorities may also "present credit score ensures of not less than $250 billion" to the businesses for added funding, the US stated.

The division stated the US "reciprocal" tariff charge on Taiwanese items would drop to fifteen%, down from 20%.

TSMC ( TSM ) seems to be prone to play a big position. More from Bloomberg :

The deal was introduced as Trump's most sweeping tariffs nonetheless face judgment earlier than the Supreme Courtroom. If the excessive courtroom guidelines towards Trump's levies, it may impede his means to set "reciprocal" tariff charges, although different strategies — like levying tariffs on sure sectors — look to be on firmer authorized floor.

<img class="avatar yf-bfqodo" src="https://s.yimg.com/uu/api/res/1.2/Mu961r2aioIDU88sl1pWxA--~B/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--/https://o.aolcdn.com/images/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2024-10%252F82cf5f80-8bd8-11ef-babf-b4e662504245%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3Deba9c6bf409177b1a8c7fa8257231200b686e99c&compress=1&progressive=1&quality=75&client=hawkeye&signature=839dce8d897765d2f2bd1f7dbbf52134bb20dcb4" alt="Jenny McCall"/> Thu, January 15, 2026 at 12:53 PM UTC South Korea to maintain monitoring US chip tariffs to minimise influence Reuters reports:

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<img class="avatar yf-bfqodo" src="https://s.yimg.com/uu/api/res/1.2/Mu961r2aioIDU88sl1pWxA--~B/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--/https://o.aolcdn.com/images/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2024-10%252F82cf5f80-8bd8-11ef-babf-b4e662504245%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3Deba9c6bf409177b1a8c7fa8257231200b686e99c&compress=1&progressive=1&quality=75&client=hawkeye&signature=839dce8d897765d2f2bd1f7dbbf52134bb20dcb4" alt="Jenny McCall"/> Thu, January 15, 2026 at 9:15 AM UTC Trump holds off on essential minerals tariffs after probe President Trump introduced on Wednesday that he shall be opting out for now on imposing tariffs on uncommon earths, lithium, and different essential minerals. Trump has requested that his administration search provides from worldwide buying and selling companions.

Valuable metals corresponding to silver ( SI=F ) retreated following a rally after the US stated it will maintain off from imposing tariffs on essential minerals.

Earlier this week, US Treasury Secretary Scott Bessent held a G-7 assembly to debate uncommon earth supplies and to hunt various suppliers to China, in a bid to cut back Western dependence on Beijing for the minerals.

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<img class="avatar yf-bfqodo" src="https://s.yimg.com/uu/api/res/1.2/Mu961r2aioIDU88sl1pWxA--~B/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--/https://o.aolcdn.com/images/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2024-10%252F82cf5f80-8bd8-11ef-babf-b4e662504245%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3Deba9c6bf409177b1a8c7fa8257231200b686e99c&compress=1&progressive=1&quality=75&client=hawkeye&signature=839dce8d897765d2f2bd1f7dbbf52134bb20dcb4" alt="Jenny McCall"/> Thu, January 15, 2026 at 3:00 AM UTC Hold calm if Trump loses tariff case, commerce knowledgeable urges nations Regardless of the dearth of a tariff ruling from the US Supreme Courtroom, one knowledgeable presents some recommendation to world nations ready with bated breath for the decision: "Calm."

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<img class="avatar yf-bfqodo" src="https://s.yimg.com/uu/api/res/1.2/p7S65GyYypopyp3zhcjv_g--~B/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--/https://o.aolcdn.com/images/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2023-05%252F128dd290-f595-11ed-b4d8-cbe5a3d4e16f%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3D4032c266a6e3ad3af35e07e05b7f14a19b6e7fcb&compress=1&progressive=1&quality=75&client=hawkeye&signature=51fc62488f627e17b6456ed9c840a3a069d9e8bd" alt="Brett LoGiurato"/> Wed, January 14, 2026 at 9:59 PM UTC Trump imposes 25% tariff on sure superior semiconductors Reuters reports :