Bloomberg Daybreak: Europe Edition Trump Rocks Europe Ties, Greenland Tariff Retaliation, ‘Soak the Rich’ Battle Cry
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Jan 19, 2026 Chad Thomas, Bloomberg's Europe executive editor, shares insights from Davos on the geopolitical impact of Trump's latest tariffs and threats regarding Greenland. He discusses the EU's emergency response, including potential retaliatory measures and concerns over US dominance. The conversation highlights the rising trend of wealth taxes as governments seek financial solutions amid economic pressures. Additionally, Thomas sheds light on the complexities of EU alliances and the potential for diplomatic resolutions to escalating tensions.
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Tariff Threats Could Fracture Trade Ties
- Donald Trump's threatened tariffs over Greenland risk destabilising long-standing transatlantic trade ties and may halt EU-US trade agreement progress.
- Deutsche Bank warns Europe could weaponise its $8 trillion holdings of US assets in response, affecting markets and the euro.
Anti-Coercion Instrument On The Table
- The EU's anti-coercion instrument could impose additional tariffs, tech taxes or targeted investment curbs against the US.
- France's Emmanuel Macron has publicly urged using this tool as part of EU retaliation planning.
Europe's Financial Muscle Is A Geopolitical Lever
- Europe's large holdings of US bonds and equities give it leverage if it retaliates to US tariff threats.
- Markets already reacted with stock futures falling and safe-haven flows into gold and silver.