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Max Colchester

๐Ÿ‘ค Speaker
179 total appearances

Appearances Over Time

Podcast Appearances

The Journal.
How Far Will Trump Go to Get Greenland?

And they arrived.

The Journal.
How Far Will Trump Go to Get Greenland?

And the way some European officials now see it is that Trump saw that not as a show of strength by Europe, as a sort of an antagonistic move by Europe to basically tell him to back off.

The Journal.
How Far Will Trump Go to Get Greenland?

Yeah, exactly.

The Journal.
How Far Will Trump Go to Get Greenland?

This was a bunch of European countries trying to flex their muscles and that actually Trump took this as a slight as opposed to a reassurance.

The Journal.
How Far Will Trump Go to Get Greenland?

So Trump's response was to come out on Truth Social and threaten the contingent of around seven European countries that sent those troops with 10% tariffs by February 1st if they continued to stand in his way and stop him purchasing Greenland.

The Journal.
How Far Will Trump Go to Get Greenland?

And they said that he would escalate that to 25% if they didn't basically relinquish and allow him to buy Greenland and that this would stay in place until the deal was done.

The Journal.
How Far Will Trump Go to Get Greenland?

The EU does have a tool called the anti-coercion instrument or the bazooka, as they call it, whereby they can impose pretty stringent export and import restrictions on a country that tries to economically blackmail them.

The Journal.
How Far Will Trump Go to Get Greenland?

They could restrict certain products they export to the US.

The Journal.
How Far Will Trump Go to Get Greenland?

They could make it harder for US tech firms to operate here by tightening regulation.

The Journal.
How Far Will Trump Go to Get Greenland?

They could impose tariffs on certain US products.

The Journal.
How Far Will Trump Go to Get Greenland?

They could also restrict access to the financial markets here for US firms, which again would be problematic for them.

The Journal.
How Far Will Trump Go to Get Greenland?

So they have tools to inflict economic pain on US-based businesses.

The Journal.
How Far Will Trump Go to Get Greenland?

it'd be very risky for Europe, because obviously the US could respond.

The Journal.
How Far Will Trump Go to Get Greenland?

And we've seen with Trump, he tends to escalate when faced with aggression.

The Journal.
How Far Will Trump Go to Get Greenland?

So, you know, it's something that has to be calibrated very carefully.

The Journal.
How Far Will Trump Go to Get Greenland?

And I think it's something that would take a while to deploy.

The Journal.
How Far Will Trump Go to Get Greenland?

And actually quite a lot of the EU members would probably lobby against extremely stringent measures, fearing blowback on their own economies.

The Journal.
How Far Will Trump Go to Get Greenland?

So it's not a silver bullet.

The Journal.
How Far Will Trump Go to Get Greenland?

But, you know, in the face of some

The Journal.
How Far Will Trump Go to Get Greenland?

provocation, they're going to have to do something.