President Donald Trump threatens tariffs on eight European nations over Greenland acquisition

President Donald Trump announced escalating tariffs on eight European nations unless the U.S. acquires Greenland. The threat impacted markets on Wednesday.

Insights:
President donald trump of the United States USUS has announced a threat to introduce escalating tariffs on eight European nations starting February 1 unless his administration is permitted to acquire Greenland. The announcement coincided with the arrival of donald trump in Davos, Switzerland CHCH, on Wednesday, January 21, 2026, for the annual economic forum. This move has triggered immediate trade tensions, weighing on specific sectors across the continent while investors look to safe-haven assets.
Signage is seen outside the LSEG (London Stock Exchange Group) headquarters in Paternoster Square, London, Britain, April 25, 2025. REUTERS/Toby Melville
Signage is seen outside the LSEG (London Stock Exchange Group) headquarters in Paternoster Square, London, Britain, April 25, 2025. REUTERS/Toby Melville
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