Wall Street Crashes 1.5% as Trump's Tariff Threat on NATO Nations Takes Effect

• US stock market experienced a sharp decline, with the S&P 500 falling 1.3%, Dow Jones 1.3%, and Nasdaq Composite 1.5%.
• The crash followed President Trump's threat to impose 10% tariffs on goods from eight NATO countries: Denmark, Norway, Sweden, France, Germany, UK, Netherlands, and Finland.
• These tariffs are a response to the countries opposing Trump's intention to acquire Greenland.
• European stock markets also saw declines, and Treasury yields rose, indicating investor concern.
• The Indian stock market also fell for the second consecutive day, with Sensex down 1.28% and Nifty down 1.38%.

Why It Matters: Trump's tariff threats on NATO nations over Greenland dispute triggered a significant global market downturn.