TRADE WARS: EU Nations Mulling $108B ‘Nuclear Option’ Against Trump’s Tariff Threats. “European nations are reportedly considering a ‘nuclear option’ to impose $108 billion worth of tariffs against the United States in response to President Donald Trump’s threat to enact stiff tariffs against eight nations if a deal is not reached to sell Greenland to the United States, but that move would be ‘unwise,’ Treasury Secretary Scott Bessent said in Davos on Tuesday.”