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Bessent's comments come one day after Trump said he would impose new tariffs on some European goods until a deal is struck for the U.S. to acquire Greenland.
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European leaders hit back at U.S. President Donald Trump's announcement that he would impose sanctions on nations that deployed military forces to Greenland last week.
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By capitulating again, the EU and UK would signal that we are now irrevocably in a might-makes-right world
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Europe's dependence on the United States for NATO security limits its options. Its strongest response could be retaliating with its own trade "bazooka."
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European leaders said U.S. President Donald Trump's threat to impose fresh tariffs on them if they oppose his attempts to buy Greenland was "unacceptable."
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President Trump announced Saturday he would impose a 10% tariff starting Feb. 1 on all goods from Denmark and seven other European countries until a deal is in place allowing the U.S. to buy Greenland. Trump says the tariff will increase to 25% on June 1 for the eight NATO allies if no deal is reached. NBC News' Melanie Zanona reports.
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The US president says several European allies opposed to his plans to buy Greenland will face 10% tariffs from February.
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The president escalated his drive to take charge of the Danish territory, targeting eight countries with tariffs.
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Economic ties between the U.S. and Europe could be damaged if Trump moves to take the Danish territory.
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