FX.co ★ Trump offers Europe deal of century: Greenland or 25%

US President Donald Trump said on Saturday that he would impose additional tariffs on goods from several European allies if the United States is not allowed to purchase Greenland. The statement sharply escalated the dispute over the future of the Arctic territory, which is under Danish control.

Protests took place in Denmark and Greenland on Saturday, with demonstrators opposing Trump’s demands and calling for Greenland to retain the right to determine its own future.

In a post on Truth Social, Trump said that the US would impose an additional 10% import tariff on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and the United Kingdom from February 1. These countries are already subject to tariff restrictions introduced earlier by Trump’s administration.

The president said that the tariffs would rise to 25% from June 1 and would remain in place until an agreement is reached that would allow the United States to acquire Greenland.

Trump has repeatedly said Greenland is of critical importance to US national security because of its strategic Arctic location and large mineral reserves. He has not ruled out the possibility of using force. This week, European countries deployed military personnel to the island at Denmark’s request, underscoring rising tensions over the territory.

Trump noted the actions of European countries, in his view, create an unacceptable and unsustainable level of risk. He added that the US is “immediately open to talks” with Denmark and other countries, noting decades of US support for Europe’s security.

Separately, the president denied reports that he had offered the post of Federal Reserve chair to JPMorgan CEO Jamie Dimon. Trump said those reports are not true.

He also said he plans to sue JPMorgan within the next two weeks, accusing the bank of “debanking” him after the events on January 6, 2021, on Capitol Hill.