# Does Europe Have the Financial Firepower to Stand Up to Trump?

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Text version: https://stenobird.com/podcast/many-happy-returns-4763217/does-europe-have-the-financial-firepower-to-stand-up-to-trump.md
Podcast: [Many Happy Returns](https://stenobird.com/podcast/many-happy-returns-4763217)
Published: 2026-01-21T05:00:00+00:00
Episode link: https://pensioncraft.com/does-europe-have-the-financial-firepower-to-stand-up-to-trump
Audio file: https://episodes.captivate.fm/episode/1419500a-21a7-4563-8144-b1915227754b.mp3
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Duration seconds: 2411

## Resource

President Trump is threatening tariffs on eight NATO allies to force a deal on Greenland. Europe says it isn’t for sale. So what happens when an immovable object meets an unpredictable force? Tit-for-tat counter-tariffs, an untested “trade bazooka,” or the nuclear option: leveraging $8 trillion in US assets. And in today’s Dumb Question of the Week: Can a Treasury auction fail? --- Get in touch 📧 mhr@pensioncraft.com 🎧 many-happy-returns.captivate.fm --- Join PensionCraft 🌐 Become a member at pensioncraft.com ▶️ Subscribe on YouTube --- Disclaimer This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice. Copyright 2026 Many Happy Returns

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## Transcript

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