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Business
M
Moneycontrol20-01-2026, 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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