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August 13, 2026
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EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
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August 13, 2026
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August 13, 2026
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Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
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August 13, 2026
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Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
August 13, 2026
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Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
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CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
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August 12, 2026
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Holding-company governance succession follows leadership departure, requiring transition planning amid unresolved strategy, capital allocation, board representation and listing questions.
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August 12, 2026
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Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
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Customs & Trade

Trump says 8 European countries will face 10 per cent tariff for opposing US control of Greenland

January 18, 2026

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West Palm Beach (Florida), Jan 18 (AP) President Donald Trump said Saturday that he would charge a 10 per cent import tax starting in February on goods from eight European nations because of their opposition to American control of Greenland, setting up a potentially dangerous test of US partnerships in Europe.

Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland would face the tariff, Trump said in a social media post while at his golf club in West Palm Beach, Florida. The rate would climb to 25 per cent on June 1 if no deal was in place for “the Complete and Total purchase of Greenland” by the United States, he said.

The Republican president appeared to indicate that he was using the tariffs as leverage to force talks with Denmark and other European countries over the status of Greenland, a semiautonomous territory of NATO ally Denmark that he regards as critical to US national security.

“The United States of America is immediately open to negotiation with Denmark and/or any of these Countries that have put so much at risk, despite all that we have done for them,” Trump said on Truth Social.

The tariff threat could mark a problematic rupture between Trump and America's longtime NATO partners, further straining an alliance that dates to 1949 and provides a collective degree of security to Europe and North America. Trump has repeatedly tried to use trade penalties to bend allies and rivals alike to his will, generating investment commitments from some nations and pushback from others, notably China.

Trump is scheduled to travel on Tuesday to the World Economic Forum in Davos, Switzerland, where he likely will run into the European leaders he just threatened with tariffs that would start in little more than two weeks.

Danish Foreign Minister Lars Løkke Rasmussen said Trump's move was a “surprise” given the “constructive meeting” with top US officials this week in Washington.

The European Commission's president, Ursula von der Leyen, and the head of the European Council, Antonio Costa, said in a joint statement that tariffs “would undermine transatlantic relations and risk a dangerous downward spiral.” They said Europe would remain “committed to upholding its sovereignty.” There are immediate questions about how the White House could try to implement the tariffs because the EU is a single economic zone in terms of trading, according to a European diplomat who was not authorized to comment publicly and spoke on the condition of anonymity. It was unclear, too, how Trump could act under US law, though he could cite emergency economic powers that are currently subject to a US Supreme Court challenge.

Trump has long said he thinks the U.S. should own the strategically located and mineral-rich island, which has a population of about 57,000 and whose defense is provided by Denmark. He intensified his calls a day after the military operation to oust Venezuela's Nicolás Maduro earlier this month.

The president indicated the tariffs were retaliation for what appeared to be the deployment of symbolic levels of troops from the European countries to Greenland, which he has said was essential for the “Golden Dome” missile defense system for the US. He also has argued that Russia and China might try to take over the island.

The US already has access to Greenland under a 1951 defense agreement. Since 1945, the American military presence in Greenland has decreased from thousands of soldiers over 17 bases and installations to 200 at the remote Pituffik Space Base in the northwest of the island, the Danish foreign minister has said. That base supports missile warning, missile defense and space surveillance operations for the US and NATO.

Resistance has steadily built in Europe to Trump's ambitions even as several countries on the continent agreed to his 15 per cent tariffs last year in order to preserve an economic and security relationship with Washington.

French President Emmanuel Macron, in a social media post, seemed to equate the tariff threat to Russian leader Vladimir Putin's war in Ukraine.

“No intimidation or threats will influence us, whether in Ukraine, Greenland or anywhere else in the world when we are faced with such situations,” Macron said in a translated post on X.

Important for the whole world Earlier Saturday, hundreds of people in Greenland's capital, Nuuk, braved near-freezing temperatures, rain and icy streets to march in a rally in support of their own self-governance.

Thousands of people also marched through Copenhagen, many of them carrying Greenland's flag. Some held signs with slogans such as “Make America Smart Again” and “Hands Off.” “This is important for the whole world,” Danish protester Elise Riechie told The Associated Press as she held Danish and Greenlandic flags. “There are many small countries. None of them are for sale.” The rallies occurred hours after a bipartisan delegation of US lawmakers, while visiting Copenhagen, sought to reassure Denmark and Greenland of their support.

European training exercises Danish Major General Søren Andersen, leader of the Joint Arctic Command, told the AP that Denmark does not expect the US military to attack Greenland, or any other NATO ally, and that European troops were recently deployed to Nuuk for Arctic defense training.

He said the goal is not to send a message to the Trump administration, even though the White House has not ruled out taking the territory by force.

“I will not go into the political part, but I will say that I would never expect a NATO country to attack another NATO country,” he said from aboard a Danish military vessel docked in Nuuk. “For us, for me, it's not about signaling. It is actually about training military units, working together with allies.” The Danish military organised a planning meeting Friday in Greenland with NATO allies, including the US, to discuss Arctic security on the alliance's northern flank in the face of a potential Russian threat. The Americans were also invited to participate in Operation Arctic Endurance in Greenland in the coming days, Andersen said.

In his two-and-half years as a commander in Greenland, Andersen said that he hasn't seen any Chinese or Russian combat vessels or warships, despite Trump saying that they were off the island's coast.

But in the unlikely event of American troops using force on Danish soil, Andersen confirmed that Danish soldiers have an obligation to fight back.

Almost no better ally to US than Denmark Trump has contended that China and Russia have their own designs on Greenland and its vast untapped reserves of critical minerals. He said recently that anything less than the Arctic island being in US hands would be “unacceptable.” The president has seen tariffs as a tool to get what he wants without having to resort to military actions. At the White House on Friday, he recounted how he had threatened European allies with tariffs on pharmaceuticals and he teased the possibility of doing so again.

“I may do that for Greenland, too,” Trump said.

After Trump followed through, Republican Don Bacon, R-Neb, said "Congress must reclaim tariff authorities” so that they are not used solely at a president's discretion.

Denmark said this week that it was increasing its military presence in Greenland in cooperation with allies.

“There is almost no better ally to the United States than Denmark,” said Sen. Chris Coons, D-Del, while visiting Copenhagen with other members of Congress. “If we do things that cause Danes to question whether we can be counted on as a NATO ally, why would any other country seek to be our ally or believe in our representations?” (AP) OZ OZ

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