Trump's Greenland Tariff Threats Reignite Trade Tensions, Global Markets React

Business
M
Moneycontrol•20-01-2026, 09:01
Trump's Greenland Tariff Threats Reignite Trade Tensions, Global Markets React
- •Asian shares fell by 0.5% and S&P 500 contracts were down 1.1% due to renewed trade tensions.
- •US 10-year bond yield rose to 4.26%, while European stocks saw their biggest decline since November.
- •Dollar strengthened, gold and silver slightly down from record highs, and Bitcoin traded near $92,500.
- •Japanese yen stable after PM Sanae Takaichi announced early elections; 40-year bond yield hit 4%.
- •Trump's tariff threats on Greenland opposition and European resistance fuel market volatility, with EU considering retaliatory tariffs.
Why It Matters: Trump's Greenland tariff threats have escalated global trade tensions, causing market volatility and declines.
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