Trump's Greenland Tariff Threat Crashes US Stock Market, Global Tensions Rise

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News18•20-01-2026, 21:35
Trump's Greenland Tariff Threat Crashes US Stock Market, Global Tensions Rise
- •US stock market plunged after President Trump threatened 10% tariffs on eight NATO countries over Greenland dispute.
- •Major US indices like S&P 500, Dow Jones, and Nasdaq Composite saw sharp declines in early trading.
- •Trump alleges these countries opposed his efforts to acquire Greenland, an autonomous territory of Denmark.
- •The tariff threat has also impacted European markets and raised fears of escalating US-Europe trade tensions.
- •Trump linked his aggressive stance on Greenland to not receiving the Nobel Peace Prize, stirring diplomatic concern.
Why It Matters: Trump's tariff threats over Greenland caused a US stock market crash and heightened global trade tensions.
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