EU Prepares $93 Billion Tariff Hit as Trump Eyes Greenland

The European Union has prepared a list of U.S. goods worth $93 billion for potential new tariffs. This is a direct retaliation plan if former U.S. President Donald Trump returns to office and acts on his past threat to impose tariffs on Europe or to try to buy Greenland. According to a senior EU official, the list is ready for a rapid response. The goal is to discourage any aggressive trade actions from a new Trump administration. The EU is also considering other measures. These could include restricting market access for American companies in Europe. This preparation comes ahead of critical international talks. World leaders and finance chiefs will meet at the Davos forum in Switzerland next week. Trade tensions between the U.S. and Europe are expected to be a major topic. Trump first floated the idea of purchasing Greenland, a Danish territory, in 2019. The suggestion was swiftly rejected and widely seen as unusual. He has also long criticized EU trade policies and threatened auto tariffs.