{"id":40224,"date":"2026-01-17T18:11:29","date_gmt":"2026-01-17T18:11:29","guid":{"rendered":"https:\/\/financialrush.com\/?p=40224"},"modified":"2026-01-17T18:11:29","modified_gmt":"2026-01-17T18:11:29","slug":"trump-imposes-new-tariffs-against-these-eu-nations-over-greenland-will-btc-collapse-again","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=40224","title":{"rendered":"Trump Imposes New Tariffs Against These EU Nations Over Greenland: Will BTC Collapse Again?"},"content":{"rendered":"

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The dispute over Greenland continues as numerous countries from the European Union sent military personnel to the island in a so-called reconnaissance mission.<\/p>\n

US President Donald Trump, who keeps claiming that his country needs to control the island, just announced a new set of tariffs against all nations that have sent troops.<\/p>\n

In a post on his social media platform TruthSocial, the POTUS said the tariffs will impact Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland.<\/p>\n

At first, the taxation will be 10% on all goods sent to the US starting from February 1, 2026. However, if there’s no deal for the acquisition of Greenland by June 1, the tariffs will increase to 25%.<\/p>\n

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BREAKING: President Trump announces a 10% tariff on Denmark, Norway, Sweden, France, Germany, the UK, Netherlands, and Finland beginning February 1st.<\/p>\n

This tariff will be increased to 25% beginning on June 1st.<\/p>\n

Tariffs will remain in effect until the US reaches a deal to buy\u2026 pic.twitter.com\/978qAHjxao<\/a><\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) January 17, 2026<\/a><\/p>\n<\/blockquote>\n

In his statement, Trump emphasized that a deal means a “complete and total purchase of Greenland,” which, he claims, is essential for his country’s national security.<\/p>\n

In a separate post on X, the analysts from the Kobeissi Letter estimated<\/a> that $1.2 trillion worth of annual bilateral trade will be impacted under these new tariffs. They also asserted that the potential acquisition of Greenland would cost the US around $700 billion.<\/p>\n

They warned that the US-EU trade war, which began last year shortly after Trump’s inauguration, just “escalated to a whole new level,” as it’s clear that Greenland has become the POTUS’s “top strategic focus.”<\/p>\n

Recall that BTC’s price was among the worst-performing assets last year when Trump announced the first wave of tariffs against countless countries. It slumped from its then-ATH of $110,000 to under $75,000 in the span of just a few months.<\/p>\n

Trump’s announcement from earlier today hasn’t harmed bitcoin’s price performance yet. The cryptocurrency trades inches above $95,000, showing little to no movement over the past 24 hours.<\/p>\n

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BTCUSD Jan 17. Source: TradingView<\/figcaption><\/figure>\n

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The post Trump Imposes New Tariffs Against These EU Nations Over Greenland: Will BTC Collapse Again?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n