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In an extraordinary escalation of his bid to claim Greenland, US President Donald Trump has threatened eight European countries – Denmark, Sweden, Norway, Finland, Great Britain, France and Germany and the Netherlands – with a 10% tariff on all goods coming into the United States from February 1 until he…

"Europe owns Greenland, it also owns a lot of Treasuries."

Thom Tillis, Lisa Murkowski, Mike Pence and others say action could hurt US economy and strain Nato alliance

Some EU leaders want economic retaliation against the U.S.

Italian PM Giorgia Meloni called US tariff threats over Greenland a "mistake", adding that she has spoken with US President Trump on the telephone.

It would alienate allies, impose US rule on an unwilling population, and blatantly violate both US and international law.The plan to impose tariffs on nations opposing the seizure is also illegal and harmful.

In addition to limiting trade in goods and services, the anti-coercion instrument could also target foreign direct investment and financial markets.

Trump threatens 10% tariffs on eight NATO allies starting February 1 unless they accept US acquisition of Greenland. NATO issues joint statement warning of 'dangerous downward spiral' in transatlantic relations.