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Europe is weighing up how to counter the US president's move against some of America's closest allies.
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Trump's push to take over Greenland and unleash a trade war with European nations has sparked the greatest transatlantic crisis in generations.
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The heads of state of all 27 European Union nations will meet for an "extraordinary meeting" later this week, European council president Antonio Costa said on Sunday.
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U.S. President Donald Trump's has threatened a rising wave of tariffs on several European allies, sounding the alarm for businesses across the region.
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European stocks were sharply lower on Monday as traders react to U.S. President Donald Trump's threat to hike tariffs on a number of European countries.
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Europe vows to retaliate economically to President Donald Trump's continued campaign to obtain Greenland.
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In a joint statement, leaders of eight countries said they stand in "full solidarity" with Denmark and Greenland. Denmark's Prime Minister Mette Frederiksen added: "Europe will not be blackmailed."
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Europe's dependence on the United States for NATO security limits its options. Its strongest response would be a trade "bazooka," and other options are possible.
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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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