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Greenland, the trade bazooka and 2026

Photo of a snow covered landscape and houses

Is the Greenland crisis over? What did President Trump actually say in his speech in Davos, and how does it affect NATO, the EU, Denmark, and Sweden? Trade law researcher Joakim Zander and economists Maria Persson and Fredrik NG Andersson discuss and try to explain the latest developments.

The American tone toward Denmark and Greenland prompted reactions from several allies as well as the EU. Trump initially threatened additional tariffs against, among others, Sweden, which had taken Denmark’s side, but for the time being that risk appears to have been averted. The EU’s “trade bazooka” did not need to be used and can return to its usual role as a deterrent.

Does this mean that the crisis over Greenland is over? That question, and much more, was discussed by three researchers from the School of Economics and Management at Lund University. (The video with the discussion is in Swedish.)

 

 

Joakim Zander is a Senior Lecturer in Commercial Law at LUSEM. His research focuses in particular on EU law and international trade law, and he has also worked in Brussels.

Maria Persson is an Associate Professor of Economics at LUSEM. She is an expert on issues related to international trade and tariffs and has frequently commented on the actions of the U.S. President in Swedish media.

Fredrik NG Andersson is an Associate Professor of Economics at LUSEM. He is a macroeconomist and also studies economic transitions, both in Sweden and internationally.