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President Trump just doubled down Greenland.
Not only did President Trump announce a new 10% on Denmark, but it also includes Norway, Sweden, France, Germany, the UK, Netherlands, and Finland.
Under these new tariffs, we estimate that ~$1.2 TRILLION worth of annual bilateral trade will be impacted.
And, these tariffs will increase to 25% on June 1st and WILL NOT be lifted until a deal is reached on Greenland.
This deal MUST be a "complete and total purchase of Greenland," according to Trump.
It is estimated that an acquisition of Greenland would cost the US ~$700 billion.
The US-EU trade war just escalated to a whole new level.
Trump's top strategic focus is now clearly Greenland.