Ed Kalecki

Key senators such as Republican Banking Committee member Tom Tillis have warned that Trump's Fed picks will get more scrutiny after the Justice Department subpoenaed the Fed last week over statements by Chair Jerome Powell related to a renovation project at the bank's headquarters.

Ed Kalecki, Bloomberg Radio.

News when you want it with Bloomberg News Now.

I'm Ed Kalecki.

President Trump has announced a 10% tariff on European countries rallying to Denmark's side in his pursuit of Greenland.

Trump threatened in a social media post to impose the tariff February 1st and raise the tariff to 25% in June unless a deal is reached for the complete and total purchase of Greenland.

The president said the tariffs will apply to Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland.

The explosive threat targets several of the top U.S.

allies and will further strain the NATO alliance, of which Denmark is a member.

It's not immediately clear what authority Trump would use and how he would seek to apply individual new tariffs to EU member states, but he has relied on the International Emergency Economic Powers Act previously for similar threats.

Meanwhile, thousands of people took to the streets across Denmark to protest President Trump's ambitions to take control of Greenland, underscoring the deep unease over the future of the Arctic island.

The demonstrations unfolded across the Nordic nation's largest cities on Saturday, with crowds gathering in central Copenhagen and outside the U.S.

embassy, in tandem with rallies in several other cities.

Protester Elise Ritchie in Copenhagen on Trump seeking control of Greenland.

Anti-ice protesters in Minneapolis overwhelmed the planned rally in support of immigration and customs enforcement on Saturday, pelting the supporters with snowballs and water balloons in sub-freezing weather.

As many as 1,000 protesters denouncing federal immigration enforcement showed up to where a handful of opponents were demonstrating.

No injuries were reported.

Jake Lang, who participated in the January 6, 2021 storming of the U.S.

Capitol, was among the leaders of the pro-ice demonstrations outside Minneapolis City Hall.

President Trump pardoned Lang and others who rioted at the Capitol to stop the certification of President Joe Biden's election victory in 2020.