Trump Greenland Tariff Threats Trigger UK Market Slump and Gold Record
President Donald Trump threatened tariffs on four nations unless the U.S. buys Greenland. This caused a major UK market drop while gold hit record highs today.
Insights:
President Donald Trump donald trumphas threatened to impose an additional 10% tariff on imports from Denmark 
DK, Norway 
NO, Sweden 
SE, and Britain 
GBstarting February 1 unless the United States 
USis allowed to purchase Greenland. This announcement triggered a global risk-off market reaction on Tuesday, leading to the largest single-day declines for major British equity indices since mid-November. The FTSE 100 declined 1.1% as of 1042 GMT on January 20, 2026, marking its biggest one-day drop since November 18, 2025. Simultaneously, the FTSE 250 dropped 1%, with both indexes experiencing their steepest intraday falls in two months.
DK, Norway NO, Sweden SE, and Britain GBstarting February 1 unless the United States USis allowed to purchase Greenland. This announcement triggered a global risk-off market reaction on Tuesday, leading to the largest single-day declines for major British equity indices since mid-November. The FTSE 100 declined 1.1% as of 1042 GMT on January 20, 2026, marking its biggest one-day drop since November 18, 2025. Simultaneously, the FTSE 250 dropped 1%, with both indexes experiencing their steepest intraday falls in two months.
