Finnish President: "EU has ample leverage to compel withdrawal of U.S. tariff threats…Low likelihood of a military takeover of Greenland"
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Summary
- Finnish President Alexander Stubb said the EU has multiple tools to pressure the United States to withdraw its tariff threats.
- President Stubb added that the likelihood of the United States taking control of Greenland through military means is low.
- Some in the market noted that Bitcoin (BTC)’s short-term weakness may not be unrelated to geopolitical uncertainty tied to the so-called Greenland tariffs.
Finnish President Alexander Stubb said the European Union (EU) has a range of tools to pressure the United States to withdraw its tariff threats.
According to Walter Bloomberg on the 19th (local time), President Stubb said, "The EU has a variety of policy and diplomatic options to respond to U.S. tariff threats." He added, "I do not think the United States will seize Greenland through military means."
Earlier, U.S. President Donald Trump, amid the Greenland issue, raised the possibility of imposing so-called "Greenland tariffs" on eight European countries and fueled controversy by saying he would not rule out the use of military force.
Some in the market are also suggesting that Bitcoin (BTC)’s short-term weakness seen earlier in the day is not unrelated to heightened geopolitical uncertainty stemming from escalating tensions between the United States and the EU over Greenland.
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