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European stocks are expected to open sharply lower on Monday as traders react to U.S. President Donald Trump's threat to hike tariffs on a number of European countries.
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In a joint statement, leaders of eight countries said they stand in "full solidarity" with Denmark and Greenland. Denmark's Prime Minister Mette Frederiksen added: "Europe will not be blackmailed."
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The fallout from Donald Trump's tariff threat to EU allies that oppose his campaign to annex Greenland dominates Monday's papers.
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President Trump announced Saturday he would impose a 10% tariff starting Feb. 1 on all goods from Denmark and seven other European countries until a deal is in place allowing the U.S. to buy Greenland. Trump says the tariff will increase to 25% on June 1 for the eight NATO allies if no deal is reached. NBC News' Melanie Zanona reports.
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