economy
January 19, 2026
European industry hits out at Trump’s ‘ludicrous’ demands over Greenland
EU should issue ‘smart’ response to US president’s threat of tariffs against several countries, say business leaders
TL;DR
- European industry leaders have reacted negatively to Donald Trump's tariff threats.
- The president of the German auto industry association called the demands "ludicrous" and warned of enormous costs for European industry.
- A coordinated response from Brussels is deemed crucial by industry leaders.
- Trump's threat includes additional tariffs of 10% in February and 25% in June.
- European leaders are expected to meet for an emergency summit to discuss counter-tariffs.
- The German engineering association urged the EU to "face Trump down" to prevent further demands.
- The German Chamber of Commerce and Industry criticized linking political goals to economic sanctions.
- Manufacturers are considering how to respond to the potential tariffs, including rushing products before they take effect.
- UK automotive industry figures noted limited time to export before the levies.
- A Welsh whisky maker expressed concern about absorbing additional costs and losing market presence.
- The Trades Union Congress warned that tariffs threaten British manufacturing sectors and jobs.
- The UK steel industry anticipates instability and the need to renegotiate costs with US importers.
- Rushing products to the US before the deadline is considered impractical due to shipping times.
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