World markets jolted, dollar dips as Trump vows tariffs on Europe over Greenland [View all]
LONDON, Jan 19 (Reuters) - Global markets are facing volatility after President Donald Trump vowed to slap tariffs on eight European nations until the U.S. is allowed to buy Greenland, injecting fresh trade uncertainty as stocks slid and the dollar broadly weakened.
Trump said he would impose an additional 10% import tariff from February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Britain, which will rise to 25% on June 1 if no deal is reached.
Major European Union states decried the tariff threats over Greenland as blackmail on Sunday. France proposed responding with a range of previously untested economic countermeasures.
The euro firmed 0.26% to $1.1628 after it initially dropped to its lowest since November as investors sold off the dollar broadly, lifting other major rival currencies.
https://finance.yahoo.com/news/world-markets-face-fresh-jolt-125829871.html
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