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U.S. President Donald Trump speaks during a press briefing at the White House, on the one-year mark into his second term in office, in Washington, D.C., U.S., January 20, 2026. REUTERS/Jessica Koscielniak
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CNBC TV18•23-01-2026, 12:05

Trump Threatens 'Big Retaliation' Against EU Over 'Trade Bazooka' Amid Greenland Tensions

  • •Donald Trump threatened major retaliation against the EU if they use their 'trade bazooka' (Anti-Coercion Instrument).
  • •The threat came in response to potential EU actions regarding US assets, following Trump's tariff threats over Greenland.
  • •Trump stated, "If that were to happen, there would be a big retaliation on our part... We have all the cards."
  • •The EU's 'trade bazooka' is its Anti-Coercion Instrument, designed to counter economic pressure.
  • •Tensions arose from Trump's abandoned plan to raise tariffs on European goods to pressure them over Greenland's control.

Why It Matters: Donald Trump warned the EU of severe retaliation if they use their 'trade bazooka' against US interests.

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