European Union leaders will hold an emergency meeting in the coming days to discuss President Donald Trump’s latest tariff threat as they explore possible retaliatory measures.

The leaders plan to meet in person near the end of this week, according to an EU official.

Member states are discussing several options for how to respond, including imposing retaliatory levies on €93 billion (US$108 billion) of U.S. goods, according to people familiar with the talks.

EU ambassadors met Sunday evening in Brussels as they seek to devise a joint response to Trump’s announcement that he would put 10 per cent tariffs on eight European countries on Feb. 1 in relation to their actions in Greenland.

European Council President Antonio Costa said in a social media post after the meeting that member states agreed to remain unified in support of Greenland and Denmark, and that Trump’s new tariffs would be “incompatible with the EU-US trade agreement.”

Among the other options being discussed is using a powerful tool known as the anti-coercion instrument, added the people, who asked not to be identified discussing sensitive conversations. French President Emmanuel Macron suggested on Sunday the bloc should consider using that new tool, although France backed away from using it in the past after Trump threatened to retaliate.

Last year, the EU had approved retaliatory tariffs on €93 billion of U.S. products but suspended their implementation after the two sides reached a trade pact. European lawmakers suggested over the weekend that they will hold off on approving that trade pact, citing Trump’s latest move.

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