World Business Report New flare up in Europe-US Trade relations over Greenland
Jan 19, 2026
In this discussion, Volker Treyer, head of international trade at the German Chamber of Commerce, analyzes the potential fallout from US tariff threats on European nations, emphasizing caution. Jane Sydenham, an investment director at Redbones, shares insights on market reactions, highlighting a shift towards safe-haven assets amid tariff concerns. Rana Gosal comments on Senegal's triumph in the African Cup of Nations, celebrating its significant boost in commercial revenue. The conversation weaves through the complexities of international trade and economic impacts globally.
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Tariff Threats Risk Deepening US‑EU Rift
- European leaders see US tariff threats over Greenland as a dangerous escalation that harms trade trust.
- Volker Treyer warns new tariffs could accelerate export declines and add serious uncertainty to US-EU relations.
German Exports Already Under Stress
- German exports to the US fell sharply in 2025 and businesses are already hurting from lost volumes.
- Treyer says new tariffs could accelerate a near‑10% export decline and inflict real losses on industry.
Pause Before Retaliating
- Volker Treyer urges patience and balanced responses rather than immediate retaliation by the EU.
- He recommends delaying decisions like using anti-coercion measures and watching talks in Davos first.