Trump's Greenland Tariff Threat Rattles Asian Markets, Dips US Dollar

• Asian markets, including Japan's Nikkei 225 and TOPIX, opened lower due to escalating US-EU trade tensions over Greenland.
• President Trump threatened 10% to 25% tariffs on eight European nations if the US is not allowed to purchase Greenland, impacting global markets.
• Gold and silver surged to all-time highs, while oil prices fell amidst fears of a full-blown US-Europe trade war and its impact on global growth.
• European markets (EUROSTOXX 50, DAX) and Asia-Pacific shares also experienced declines, with thin trading due to a US holiday.
• European nations are considering retaliatory measures, including tariffs on US imports and leveraging their significant holdings of US bonds and equities.

Why It Matters: Trump's tariff threats over Greenland sparked global market instability, pushing down the dollar and raising gold prices.