On the program today, a look at the job market, how kids are getting allowances these days,

and the latest on our relationship status with the EU.

From American Public Media, this is Marketplace.

From Oregon Public Broadcasting in Portland, I'm Rima Grace in for Kai Rizdal.

It is Monday, January 19th, Martin Luther King Jr. holiday.

Good to have you with us.

As part of his push to buy Greenland, President Trump is promising new tariffs.

In a post on Truth Social this weekend, the president said that starting February 1st, the U.S. will impose new 10% tariffs on Denmark, which Greenland is a part of, along with seven other European countries that have opposed a U.S. takeover of the territory.

He said that tariff will go up to 25 percent on June 1st and will stay in place until the U.S. has reached a deal to buy Greenland.

Marketplaces, Stephanie Hughes, looks at what this could mean for the relationship with one of our biggest trading partners.

The U.S. and the EU are the world's two largest economies, and for decades, we've traded pretty well together.

There have been little trade disputes, like siblings fighting in the backseat of a car.

Emily Blanchard studies international economic policy at Dartmouth. She says, like siblings, we trade just about everything.

Fun stuff like French wine and Kentucky bourbon.

But more so, big heavy stuff, industrial machinery, airplane parts, cars, services like banking.

Even after the Trump administration imposed widespread tariffs last year, it reached a preliminary

trade deal with the EU.

So we've been in a sort of cool detente since summer.

But now, with these new threatened tariffs over Greenland, Blanchard says that trade truce is

almost certainly on pause, if not out the window.

And Europe could retaliate. So you may have heard the term of

bazooka. Uri Maitin is an analyst with the European Policy Center in Brussels. The trade

...