The US President Donald Trump has announced extensive trade policy measures against allies. Reports suggest that additional tariffs will be imposed against several NATO states, including Germany, Denmark, Norway, Finland, Sweden, and Iceland. This step is apparently justified by the defense spending of these countries being considered insufficient from the US perspective, as well as the desire to reduce trade deficits. Germany, in particular, is the focus of the US administration due to its economic structure.
In connection with Greenland, the US President is pursuing an unconventional diplomatic approach. He is said to have suggested that states could purchase a seat on a peace council he plans to establish for a sum of one billion dollars. This is interpreted as an attempt to generate new financial resources while simultaneously strengthening the geopolitical influence of the US in the Arctic region.
In foreign policy, Trump also intensified his tone towards Iran. He openly called for a change of government in Tehran. This marks a further escalation in the already strained relations between the United States and the Iranian leadership. International reactions to these statements are characterized by concern about further destabilization of the region.
Meanwhile, the world economy is looking towards the upcoming World Economic Forum in Davos. Given Trump's protectionist announcements, this year's talks in Switzerland are expected to be among the most exciting in years. It remains to be seen how the global economic community will react to the threatened trade barriers.
