Dan Schwartzman

We're constantly experiencing new antagonism, which President Trump is seeking.

And here we Europeans must make it clear that the limit has been reached.

The minister speaking alongside his French counterpart said there was a European toolbox available to use to respond to economic blackmail, which they believe should be now examined.

Klingbeil was responding to Trump's announcement over the weekend to impose a 10 percent tariff on goods from eight European countries starting February 1st, rising to 25 percent in June, unless there's a deal for the, quote, purchase of Greenland.

Bloomberg's Brendan Murray says some countries are already starting to look away from the U.S.

for new trade partners.

That's Bloomberg's Brendan Murray.

The European Union is discussing potentially imposing tariffs on 93 billion euros of U.S.

goods if President Trump follows through on his threat to hit European countries with tariffs unless it's a deal for the, quote, purchase of Greenland.

The president made the threat after the countries undertook a NATO military exercise on this semi-autonomous Danish territory.

The EU is also weighing additional countermeasures beyond the tariffs, but will first try to find a diplomatic solution.

Representatives from the EU's 27 countries met Sunday to begin preparing options.

Meanwhile, Hennion and Walsh Asset Management CIO Kevin Mann says it is important for investors not to overreact.

That's Hennion and Walsh Asset Management CIO Kevin Mann.

President Trump has linked his claims on Greenland to not being awarded the Nobel Peace Prize in a letter to Norway's prime minister.

The president says the world is not secure unless the U.S.

has, quote, complete and total control of Greenland.

The Nobel Peace Prize, though, isn't awarded by the Norwegian government, but instead by an independent committee.

Markets reacting negatively to the news on Greenland with futures all down.

from three quarters of a percent to 1.4 percent, while European markets are also roiled down anywhere from four tenths of a percent to one and a half percent.