Capitalmind CEO Deepak Shenoy on Saturday delivered a warning on US President Donald Trump’s newest tariff strikes, arguing that Washington’s method is eroding belief, elevating prices for shoppers, and weakening long-standing alliances – making it unwise for international locations to enter into offers.
Reacting to Trump’s announcement of sweeping tariffs on a number of European international locations, Shenoy stated the instant burden would fall not on governments however on American shoppers. “A greater solution to put that is: Individuals pays 10% to 25% extra for Lego, Ferrari and a complete bunch of European merchandise,” he wrote on X. “Additionally, it is a quite simple solution to dismantle NATO. Trump is primarily performing in dangerous religion throughout the board so you can’t belief him as a global companion in any respect. It is in all probability finest to not make offers.”
On Saturday, Trump introduced that america would impose a ten% tariff on imports from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland beginning February 1, with the levy set to rise to 25% from June 1. Trump stated the tariffs would stay in place till the US reaches an settlement to purchase Greenland.
In a prolonged put up on Reality Social, Trump linked the tariff transfer on to Greenland and broader geopolitical rivalry. “We have now backed Denmark, and the entire Nations of the European Union, and others, for a few years by not charging them Tariffs, or some other types of remuneration. Now, after Centuries, it’s time for Denmark to offer again – World Peace is at stake!”
Trump claimed that rival powers had been in search of to achieve affect over Greenland and questioned Denmark’s skill to defend the territory. “China and Russia need Greenland, and there’s not a factor that Denmark can do about it. They at the moment have two dogsleds as safety, one added lately,” the put up stated.
He went on to explain Greenland as crucial to US nationwide safety and the effectiveness of the so-called Golden Dome missile defence system. “Now, due to The Golden Dome, and Fashionable Day Weapons Methods, each Offensive and Defensive, the necessity to ACQUIRE is particularly vital,” he added. “Tons of of Billions of {Dollars} are at the moment being spent on Safety Packages having to do with ‘The Dome,’ together with for the doable safety of Canada, and this very sensible, however extremely advanced system can solely work at its most potential and effectivity, due to angles, metes, and bounds, if this Land is included in it.”
Trump additionally accused a number of European international locations of endeavor actions in Greenland that he described as harmful. “This can be a very harmful state of affairs for the Security, Safety, and Survival of our Planet. These Nations, who’re taking part in this very harmful recreation, have put a degree of danger in play that’s not tenable or sustainable.”
Asserting the tariff timeline, Trump made clear the levies had been straight tied to the Greenland negotiations. “Beginning on February 1st, 2026, the entire above talked about Nations (Denmark, Norway, Sweden, France, Germany, The UK, The Netherlands, and Finland), might be charged a ten% Tariff on any and all items despatched to america of America. On June 1st, 2026, the Tariff might be elevated to 25%. This Tariff might be due and payable till such time as a Deal is reached for the Full and Complete buy of Greenland.”
He added that Washington was open to negotiations, regardless of what he described as many years of safety help. “America of America is instantly open to negotiation with Denmark and/or any of those Nations which have put a lot in danger, regardless of all that we have now accomplished for them, together with most safety, over so many many years.”
