European Union leaders will hold an emergency summit on Thursday, January 22, 2026, to address escalating trade tensions following U.S. threats to impose tariffs on nations opposing former President Donald Trump's controversial Greenland acquisition proposal. The meeting comes as current U.S. leadership maintains pressure through economic measures first proposed during Trump's administration.
European Commission spokesperson Olof Gill confirmed the extraordinary gathering on Monday, stating the bloc is exploring retaliatory options through its anti-coercion instrument framework. "While engagement remains our priority, we are prepared to defend European economic interests decisively," Gill emphasized during a Brussels press briefing.
The dispute centers on revived 2020-era proposals regarding Greenland's strategic position, with current U.S. policymakers continuing to leverage tariff threats against opposing nations. Analysts suggest the emergency meeting reflects growing EU concerns about enduring protectionist policies affecting transatlantic relations.
Business leaders across Asia are monitoring developments closely, given potential impacts on global supply chains and raw material markets. Greenland's rare earth mineral deposits hold particular significance for clean energy sectors driving economic growth in China, Japan, and South Korea.
