“Setback by 50 years” - European fashion industry reacts to impending “Greenland tariffs”

As if the European fashion industry did not have enough on its plate already in view of rapid geopolitical shifts, impending regulation and environmental unpredictability, US president Donald Trump added to its woes this weekend: Eight countries supporting Greenland’s sovereignty - Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden and UK - are facing an additional 10 percent tariff on “any and all goods” from 1st February, to be raised to 25 percent on 1st June.