Trump to Tariff Allies Over Greenland, Minnesota Latest, More

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Carol Masser 0:00
I'm Carol Masser. And I'm Tim Stenevek, inviting you to join us for the Bloomberg Businessweek Daily Podcast.
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Ed Kalecki 1:05
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.
Ed Kalecki 1:55
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.
Unknown 2:21
This is important for the whole world. There are many small countries. None of them are for sale.
Ed Kalecki 2:29
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. European Union lawmakers are poised to block approval of the EU's trade deal with the U.S.
Ed Kalecki 3:12
over President Trump's vow to impose tariffs on countries that supported Greenland in the face of American threats. Manfred Weber, president of the European People's Party, the largest political group in the European Parliament, said on Saturday that agreement with the U.S. is no longer possible. The EU-U.S. trade agreement, which European Commission President Ursula von der Leyen struck with Trump last summer, has already been implemented but still needs a nod from Parliament. President Trump says he'll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately debanking me after the January 6th protests.

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