00:00A $108 billion trade war almost erupted between the US and EU over Greenland, but here's the
00:06dramatic twist that saved global markets. In January 2026, President Trump threatened
00:11massive tariffs on Denmark and seven other European countries starting at 10% and rising
00:16to 25% unless they agreed to US control of Greenland. The EU wasn't backing down. They
00:23prepared their nuclear option, a $108 billion retaliation package, targeting everything from
00:28Boeing airplanes to Kentucky Bourbon. France pushed for deploying the anti-question instrument
00:32essentially Europe's trade bazooka, but then came the plot twist. On January 21st, Trump
00:37suddenly announced he was cancelling all tariff threats after reaching a framework deal with
00:41NATO over Greenland and the Arctic region. Markets immediately rebounded, European stocks shot
00:47up and the crisis that could have triggered the biggest trade war since the 1930s was
00:52suddenly over. The EU suspended their alliation plans, but European leaders are still demanding
00:57clarity on what this NATO framework actually means. One thing's certain, this near miss
01:03showed just how quickly trade tensions can escalate in today's world.
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