Davos 2026: Howard Lutnick warns EU, says tariffs could spiral into ‘tit-for-tat’ fight as Trump ups pressure on Greenland

U.S. Commerce Secretary Howard Lutnick projected first-quarter 2026 GDP growth exceeding 5%, attributing current economic limitations to high interest rates. He also cautioned the EU against retaliating against President Trump's threatened tariffs concerning Greenland, predicting a resolution similar to past trade disputes.