Trump Scraps Greenland Tariffs After EU Leverage and Davos Criticism

Trump withdrew 10 percent punitive tariffs against Sweden and other nations after failing to negotiate the annexation of Greenland following the World Economic Forum in Davos.Ulf Kristersson warned that the diplomatic standoff has severely damaged cooperation with the USA, citing significant embarrassment among American business leaders.The EU successfully utilized economic leverage and the threat of retaliatory measures to force a policy reversal despite internal divisions regarding the use of trade defense instruments.