EU readies retaliation for Trump’s Greenland threat

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• 00:22

  Good morning from The Financial Times.

• 00:25

  Today is Monday, January 19th, and this is your FT News Briefing.

• 00:30

  America's latest tariff threat is causing the deepest rift in NATO since its founding,

• 00:36

  and insurers are split about whether U.S.

• 00:39

  President Donald Trump's action in Venezuela will boost or reduce investor risk.

• 00:45

  Plus, with so much geopolitical uncertainty,

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  all eyes are trained on the snow-capped mountains of Davos this week.

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  There's a high sense of anticipation.

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  You've got a lot of very important people now coming to Switzerland,

• 00:57

  so I think there's a very federal mood at the moment.

• 01:01

  I'm Victoria Craig, and here's the news you need to start your day.

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  Outrage has ricocheted across European capitals after President Donald Trump threatened new tariffs on eight of his NATO allies

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  if they do not get on board with his ambition to own Greenland.

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  Trump said starting February 1,

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  he will impose an additional 10% duty on goods from countries including the UK France and Denmark.

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  That will rise to 25% in June if no resolution is found.

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  On Sunday, Treasury Secretary Scott Besant explained on NBC News the president's justification.

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  It is a strategic decision by the president.

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  This is a geopolitical decision, and he is able to use the economic might of the U.S.

• 01:54

  to avoid a hot war.

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