Trump threatens eight allies with fresh tariffs – a reminderpublished at 08:02 GMT
Trump’s tariff threats over Greenland
US President Donald Trump has threatened to impose fresh tariffs on eight allies that oppose his demands for control of Greenland.
He plans on hitting the UK, Denmark, Norway, Sweden, France, Germany, the Netherlands, and Finland with 10% tariffs on “any and all goods” if they oppose his proposed takeover of Greenland.
Trump said the tariffs would be in place by 1 February and would rise to 25% by 1 June.
What are tariffs and how do they work?
Tariffs are taxes on imported goods. Typically, the charge is a percentage of a good’s value.
For example, a 10% tariff on a $10 product would mean a $1 tax on top – taking the total cost to $11 (£8.17).
The tax is paid to the government by companies bringing in the foreign products.
These firms may pass some or all of the extra cost on to their customers, which in this case means ordinary Americans and other US businesses.
They may also decide to import fewer goods.
