By Auzinea Bacon, CNN
Photo: JOHAN NILSSON
Analysis: US President Donald Trump's latest tariff threats over Greenland and Europe's potential countermeasures could result in significantly higher import prices that could weaken both economies.
Neither side appears to be messing around: In an extraordinary escalation of Trump's pursuit of Greenland, the president announced on Saturday that he would impose 10 percent tariffs on February 1 on goods from Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden and the United Kingdom. It would increase to 25% if an agreement is not reached by June 1.
That triggered an emergency meeting of European countries' representatives Sunday, and French President Emmanuel Macron reportedly asked the European Union to activate its so-called anti-coercion instrument, colloquially known as a "trade bazooka." The trade bazooka cou
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