President Trump details new tariff threats on NATO allies

Summary

CNBC’s Eamon Javers reports from Washington on President Trump’s new tariff threat against European countries that sent troops to Greenland. Trump said the tariffs would start at 10% on February 1 and rise to 25% on June 1 until a deal to purchase Greenland is reached. Javers notes the post roiled markets, prior Iran-related tariff threats on China and other trading partners have not appeared in the Federal Register, and a Supreme Court tariff decision could be imminent.

• Trump threatened 10% tariffs on goods from European countries that sent troops to Greenland, starting February 1.
• The tariff rate would rise to 25% on June 1 and remain until a deal to purchase Greenland.
• The social-media post roiled markets and helped shape the market open.
• Trump last week threatened tariffs on Iran trading partners, including China.
• No Federal Register notice has appeared for those Iran-related tariff threats, leaving collection unclear.
• The Supreme Court may soon issue a tariff decision described as potentially game-changing.