Europe Worries Trump Poses Threat to Its Financial and Tech Sovereignty

President Trump’s seizure of Venezuela’s oil and his on-again, off-again vows to acquire Greenland have underscored a new threat to national sovereignty: American dominance over the financial networks and technology that underpin modern economies. European leaders say they now worry about their financial independence and the security of confidential national data.

They have stepped up efforts to curb reliance on U.S. cloud and payment providers, pressing to reduce dependence on Amazon, Google and Microsoft for cloud computing and on Mastercard and Visa for payments, and to shore up monetary and digital sovereignty. Emmanuel Macron urged other leaders to seize “the Greenland moment,” and economists and bankers have urged lawmakers to approve a digital euro.

The urgency increased after Mr. Trump’s sanctions on International Criminal Court judges and prosecutors effectively cut off their access to services, including credit cards, and Microsoft disabled a chief prosecutor’s email account. Changes to U.S.

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