Trump's Greenland Threat Backfires? Checks and balances exist in American society.” Meanwhile, French President Emmanuel Macron and Italian Prime Minister Giorgia Meloni have voiced readiness to defend Greenland, with Meloni describing Trump’s threat as a “mistake.”About the AuthorTOI Business DeskThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India.

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French foreign minister Jean-Noel Barrot stated that the threat of customs duties “is being used as blackmail to obtain unjustifiable concessions”. The voting was initially scheduled for January 26-27, where lawmakers were expected to remove tariffs on US industrial goods under the deal.

In a post on social media, he emphasized that France remains committed to security cooperation with the US but is prepared to reject unacceptable proposals, as per Reuters. However, influential European Parliament members, including Manfred Weber of the European People’s Party, stated approval is not possible at this stage following Trump’s weekend tariff threats.Trump has now warned of 10 per cent tariff from February 1 on goods from Denmark, Sweden, France, Germany, the Netherlands, Finland, the UK, and Norway until the US is allowed to acquire Greenland, a self-governing territory of Denmark.European officials condemned the US move as coercive.

Denmark, backed by the EU, has now stressed diplomatic channels remain open despite the strong stance. He added that the European Commission has now “very powerful instruments” to respond. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies.

With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.Read MoreEnd of ArticleFollow Us On Social MediaPhotostoriesHow to make Punjabi Lobia Masala for dinner at home‘Jana Nayagan’: Everything to know about trailer, posters, cast and more of Thalapathy Vijay’s starrer amid CBFC delayTop 10 countries with the highest government debtFrom Nimona to Samosa: 9 delicious local dishes made with Green Peas5 reasons you could be on the next layoff list of your companyBaby names as beautiful as a melody‘Sheila Ki Jawani’, ‘Munni Badnaam Hui’, ‘Baby Doll’: Bollywood item songs that broke the internet with their zany lyricsRanbir Kapoor's ‘Badtameez Dil’ to Nora Fatehi's 'Dilbar': Iconic dance steps from Bollywood songs everyone still tries to copyFrom Mrunal Thakur's 'Do Deewane Sehar Mein' to Preity Zinta's 'Kal Ho Naa Ho': Meet Bollywood's queens who won hearts with geeky looksFrom Smriti Irani to Amar Upadhyay: How much the Kyunki Saas Bhi Kabhi Bahu Thi star cast earns per episode123Hot PicksSilver price todayBudget 2026Karnataka DGP ScandalGold price predictionNitin NabinPublic holidays January 2026Bank Holidays JanuaryTop TrendingMatthew StaffordKyle Larson and Katelyn Sweet Net WorthKlay ThompsonElina Svitolina and Gael Monfils Net WorthShane Lowry Net WorthTom BradyPaul Scholes and Claire Froggatt Net WorthJohn Harbaughs WifeNHL TradeKelly PiquetTired of too many ads?go ad free nowTrending StoriesIn BusinessEntire WebsiteJio IPO: Company awaits clarity on new SEBI norms; launch likely in first half of 2026US stocks today: Markets trail as Trump threatens EU tariffs; Dow Jones slips 1.5%, Nasdaq down 1.7%Greenland row escalates: After Trump's tariff threat, EU moves to suspend US trade dealIndia's Russian oil trade: US secretary claims India 'geared down and stopped'; threat of 500% tariff legislation loomsKONE sets up central region office in HyderabadVande Bharat sleeper tickets sold within hours!

European stock indices fell for a second consecutive day on Tuesday, while the Dow, S&P 500, and Nasdaq were down more than 1% in early US trading. On currency markets, the euro climbed 0.8% to $1.1742 and the pound rose 0.2% to $1.346, while the US dollar slipped sharply.The EU had previously held off retaliatory measures against US tariffs worth €93 billion ($109 billion), scheduled to resume on February 7 unless an agreement or extension is reached.