00:01Tensions are escalating between the United States and Europe over President Donald Trump's ambitions regarding Greenland,
00:09with the dispute moving from political rhetoric to the brink of a broad trade confrontation.
00:15Trump has threatened to impose tariffs ranging from 10% to 25% on countries opposing Greenland's accession to the United States,
00:25prompting the European Union to signal it may activate what is known as the trade bazooka.
00:32This mechanism, approved in 2023 but never used, allows Europe to respond to external trade pressure with tough countermeasures,
00:41including blocking US investors from sensitive sectors such as defence and energy,
00:46excluding American companies from public tenders, and imposing restrictions on intellectual property rights.
00:54In parallel, the EU has prepared a package of retaliatory tariffs targeting US exports worth up to $108 billion.
01:04The most powerful lever, however, involves roughly $10 trillion in US assets, stocks and bonds, held by European countries,
01:14the sale of even part of which could shake US markets.
01:18According to Politico, activating these measures would require approval from at least 15 member states in the European Council,
01:27as Europe awaits what Trump will say in his upcoming speech at the World Economic Forum in Davos,
01:33where the path will be set toward either escalation or accommodation.
01:38Thank you very much.
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