• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
EuropeNATO
Europe

Trump launches trade war against NATO after European countries sent troops to Greenland amid his takeover plan

Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
January 17, 2026, 2:28 PM ET
 The Danish warship Knud Rasmussen is moored in the harbor of Nuuk, Greenland, on Jan. 17, 2026.
The Danish warship Knud Rasmussen is moored in the harbor of Nuuk, Greenland, on Jan. 17, 2026. ulia Wäschenbach/picture alliance via Getty Images

President Donald Trump escalated his campaign to gain control over Greenland after several European countries deployed troops to the semi-autonomous Danish territory.

Recommended Video

In a social media post on Saturday, he said Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland will be hit with a 10% tariff starting on Feb. 1 that will rise to 25% on June 1, until a “Deal is reached for the Complete and Total purchase of Greenland.”

The announcement came after those NATO allies sent troops to Greenland this past week, ostensibly for training purposes, at the request of Denmark.

European officials have said it was meant to show they’re serious about security in the Arctic as Trump claims China and Russia are threatening Greenland, and not to defend against a possible U.S. invasion. But Trump alluded to the troop deployment in his post Saturday.

“On top of everything else, Denmark, Norway, Sweden, France, Germany, The United Kingdom, The Netherlands, and Finland have journeyed to Greenland, for purposes unknown,” he wrote. “This is a very dangerous situation for the Safety, Security, and Survival of our Planet. These Countries, who are
playing this very dangerous game, have put a level of risk in play that is not tenable or sustainable.”

Trump has consistently refused to rule out using the U.S. military in his Greenland plans, while the administration has also left open the possibility of buying the island.

That’s despite estimates that extracting oil and rare earth minerals from Greenland would cost $1 trillion and take decades to yield any returns.

French President Emmanuel Macron defended his country’s troop deployment to Greenland, citing France’s commitment to the independence of nations as well as Arctic security.

“No intimidation or threat will influence us—neither in Ukraine, nor in Greenland, nor anywhere else in the world when we are confronted with such situations,” he posted on X. “Tariff threats are unacceptable and have no place in this context. Europeans will respond in a united and coordinated manner should they be confirmed. We will ensure that European sovereignty is upheld.”

Trump’s latest post suggests he’s leaning toward leveraging trade relations for a purchase rather than conquering Greenland outright with troops and Navy ships.

Denmark has warned that any U.S. attack on Greenland or another NATO ally would effectively end the trans-Atlantic alliance after nearly 80 years.

“I and most Americans disagree with the President’s heavy handedness,” Rep. Don Bacon, R-Neb., said in response to Trump’s new tariff. “He is threatening NATO members, which is shameful. The fact that Greenland is part of NATO’s umbrella gives the President all he needs to put more bases there. This also reinforces why Supreme Court needs to rule his tariff actions Unconstitutional. I have legislation that restores Congress’ primacy over tariffs.”

Another Republican, Sen. Thom Tillis, also criticized the tariffs, saying they will hurt America and its allies. “It’s great for Putin, Xi and other adversaries who want to see NATO divided. The fact that a small handful of ‘advisors’ are actively pushing for coercive action to seize territory of an ally is beyond stupid,” he posted on X.

A White House meeting with officials from Denmark and Greenland failed to result in any diplomatic breakthrough with the administration refusing to budge on its stance.

While Greenland has offered the U.S. military and commercial access, Trump has insisted that only a total takeover can secure the island and ensure national security.

“The United States has been trying to do this transaction for over 150 years. Many Presidents have tried, and for good reason, but Denmark has always refused,” he said on Saturday. “Now, because of The Golden Dome, and Modern Day Weapons Systems, both Offensive and Defensive, the need to ACQUIRE is especially important.”

Trump’s tariff threat also renews trade tensions with the European Union after reaching a deal in July that set a 15% tariff on most EU products and obligated it to invest hundreds of billions of dollars in the U.S.

Meanwhile, the Supreme Court to due to rule on Trump’s ability to impose tariffs under the International Emergency Economic Powers Act, which is the linchpin of his global tariffs.

A decision that strikes down the so-called reciprocal duties could limit Trump’s leverage in an expanded trade war and threaten the deals he has already made.

While Trump didn’t cite which law his NATO tariffs would fall under, his emphasis Saturday on national security priorities suggests that the latest levies will not rely on IEEPA.

“Hundreds of Billions of Dollars are currently being spent on Security Programs having to do with ‘The Dome,’ including for the possible protection of Canada, and this very brilliant, but highly complex system can only work at its maximum potential and efficiency, because of angles, metes, and bounds, if this Land is included in it,” he added.

Inside the Fortune 500 Europe Webinar – February 11, 2026: Join Europe’s top business leaders as they explore the strategies shaping the future of the region’s most powerful companies. Register your interest.
About the Author
Jason Ma
By Jason MaWeekend Editor

Jason Ma is the weekend editor at Fortune, where he covers markets, the economy, finance, and housing.

See full bioRight Arrow Button Icon

Latest in Europe

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Europe

Trump
Middle EastMiddle East
Trump’s Gaza ‘Board of Peace’ extends invitations to Russia, Belarus and Thailand along with EU
By Samy Magdy, Julia Frankel and The Associated PressJanuary 19, 2026
11 hours ago
trump
EuropeGreenland
Trump says he wants Greenland because he was rejected for a Nobel Peace Prize last year
By Aamer Madhani, Geir Moulson, Jill Lawless and The Associated PressJanuary 19, 2026
11 hours ago
President Donald Trump
EconomyGreenland
America’s ‘Achilles Heel’ of national debt is exposed by Trump’s Greenland tariff threat, warns Deutsche Bank
By Eleanor PringleJanuary 19, 2026
15 hours ago
InvestingMarkets
Stocks sell off globally as traders digest Trump message saying he wants Greenland because ‘your Country decided not to give me the Nobel’ 
By Jim EdwardsJanuary 19, 2026
16 hours ago
CommentaryLetter from London
I have been coming to Davos for 16 years. I have never seen such a crisis in U.S./European relations 
By Kamal AhmedJanuary 19, 2026
17 hours ago
EuropeTariffs and trade
EU mulls responding to Trump by reviving €93 billion tariff move
By Alberto Nardelli, Jorge Valero and BloombergJanuary 18, 2026
1 day ago

Most Popular

placeholder alt text
Investing
Stocks sell off globally as traders digest Trump message saying he wants Greenland because ‘your Country decided not to give me the Nobel’ 
By Jim EdwardsJanuary 19, 2026
16 hours ago
placeholder alt text
Politics
Army readies 1,500 paratroopers specializing in arctic operations for possible deployment to Minnesota if Trump invokes Insurrection Act
By Konstantin Toropin and The Associated PressJanuary 18, 2026
1 day ago
placeholder alt text
Economy
Making billionaires illegal by taxing their wealth wouldn’t even fund the government for a year, budget expert says
By Nick LichtenbergJanuary 17, 2026
3 days ago
placeholder alt text
Politics
The U.S. Supreme Court could throw a wrench into Trump’s plan to take Greenland as soon as Tuesday
By Jim EdwardsJanuary 19, 2026
12 hours ago
placeholder alt text
AI
Ford CEO warns there's a dearth of blue-collar workers able to construct AI data centers and operate factories: 'Nothing to backfill the ambition'
By Sasha RogelbergJanuary 18, 2026
2 days ago
placeholder alt text
Commentary
I oversee a lab where engineers try to destroy my life’s work. It's the only way to prepare for quantum threats
By Bernard VianJanuary 18, 2026
2 days ago

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.