Daily brief
The European Union is preparing a set of counter-tariffs after President Donald Trump threatened to impose tariffs on European countries over a dispute concerning Greenland. The EU stated it will not be blackmailed and is publicly calling for de-escalation while planning its retaliation. A Polish minister warned that such tariffs would specifically hurt Poland.
Stock markets in Europe and the US fell and gold prices hit a record high as investors reacted to the escalated trade dispute over Greenland.
China's Foreign Minister urged the US to stop using the so-called 'China-threat' as a pretext for its actions, commenting on Trump's additional tariffs over Greenland.
Sweden's Finance Minister stated the country's economy is 'Trump-proof' following the US tariff threat.