Trump's Greenland Tariff Threat Rattles Global Markets, Europe Faces 25% Duty

• US President Donald Trump threatened tariffs on eight European countries if the US is not allowed to purchase Greenland, causing global market instability.
• A 10% import duty is planned for February 1, potentially rising to 25% by June 1, targeting Denmark, Norway, Sweden, France, Germany, Netherlands, Finland, and the UK.
• European countries issued a joint statement supporting Greenland, with Ireland's PM hinting at EU retaliation, risking renewed US-Europe trade tensions.
• The Euro is expected to face pressure, while defense stocks are rising, and safe-haven assets like gold and silver are strengthening amid geopolitical uncertainties.
• Despite the tension, market panic is limited as investors are becoming accustomed to geopolitical risks and Trump's threats.

Why It Matters: Trump's tariff threat over Greenland has reignited trade tensions, causing market caution and a shift to safe-haven assets.