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Tariff

Tariff threats may ignite worst crisis yet in US-EU relations

Trump’s latest tariff threat — a 10% levy on select European nations, rising to 25% by June unless he “gets control of Greenland” — has turned a running spectacle into a high-stakes test of transatlantic relations, Federal Reserve independence and political resolve in Washington. The move over Greenland, paired with a drumbeat of domestic legal offensives, signals not a passing provocation but a strategy designed to force binary outcomes: he wins or he loses, Europe wins or it loses. There is little middle ground left. For…