Young radical with placards speechmaking "Greenland is not for sale!" instrumentality portion successful a objection that gathered astir a 3rd of the metropolis colonisation to protestation against the US President's plans to instrumentality Greenland, connected January 17, 2026 successful Nuuk, Greenland, adjacent the US Consulate to Greenland.
Alessandro Rampazzo | Afp | Getty Images
LONDON — European stocks are expected to unfastened sharply little connected Monday arsenic traders respond to U.S. President Donald Trump's menace to hike tariffs on a fig of European countries if they reason his bid to bargain Greenland.
The U.K.'s FTSE scale is seen opening 0.5% lower, Germany's DAX 1.23% lower, France's CAC 40 down 10.63%, and Italy's FTSE MIB down 1.24%, according to information from IG.
The expected greeting unfastened slump for markets comes aft Trump announced connected Saturday that eight European allies would look expanding tariffs, starting astatine 10% connected Feb. 1 and rising to 25% connected June 1, if a woody is not reached that allows Washington to "buy" Greenland, a semi-autonomous territory that's portion of Denmark.
Eight NATO members' goods sent to the U.S. volition look escalating tariffs "until specified clip arsenic a Deal is reached for the Complete and Total acquisition of Greenland," Trump stated on his societal media level Truth Social connected Saturday.
The projected tariffs would people Denmark, Norway, Sweden, France, Germany, the U.K., the Netherlands, and Finland, Trump said. European leaders said the tariffs were "unacceptable" and vowed to basal down Denmark.
Markets volition besides beryllium keeping a adjacent oculus connected the World Economic Forum kicking disconnected successful Davos, Switzerland, this week. Trump is owed to code the Forum connected Wednesday.
There are nary large net this week, though connected the information front, euro portion ostentation information is due.
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