Kim Mackrael

European officials are taking comments like this, comments about Greenland, comments about the tariffs.

They're taking those extremely seriously.

The slightly more formal word for it or term for it is the anti-coercion instrument.

It's considered a last resort because it gives the EU such wide leeway to act in a number of areas, such as export controls.

They could put tariffs on services, potentially.

They could restrict intellectual property rights, curb the ability of American companies to bid on public contracts in Europe.

So just this huge suite of possibilities.

Not something anyone in the EU takes lightly.

There's a lot of hope that there could be some meetings and discussions in Davos, which is this week.

And then you're going to see European leaders come together on Thursday evening, where they'll probably take stock of where they got to this week and try to start talking about what their next steps might be.