Trump hits 8 U.S. allies with 10% tariffs, with an increase to 25% on June 1st, until a deal for Greenland is made

President Trump announced a 10% tariff on Denmark and seven other European countries, including Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland, until a deal is reached for the purchase of Greenland. If no deal is reached by June 1, the tariffs will increase to 25%. Leaders from the affected countries warned that the tariff threats undermine transatlantic relations and risk a dangerous downward spiral. The European Union stands in solidarity with Denmark and Greenland, and the EU's trade deal with the U.S. may be suspended until the U.S. ends its threats.