US President Donald Trump Announces Conditional Tariffs on Eight European Nations Tied to Greenland Acquisition
United States President Donald Trump announced conditional 10 percent tariffs on eight European nations. The move prompted a surge in safe-haven currencies.
Insights:
On January 19, 2026, President Donald Trump donald trumpannounced that the United States 
USwould impose an additional 10% import tariff starting February 1 on goods from Denmark 
DK, Norway 
NO, Sweden 
SE, France 
FR, Germany 
DE, the Netherlands 
NL, Finland 
FI, and Britain 
GB. This move is contingent on the United Statesbeing allowed to purchase Greenland. This announcement has triggered immediate capital flows into safe-haven assets, causing the dollar to weaken despite the new trade pressures placed on European economies.
USwould impose an additional 10% import tariff starting February 1 on goods from Denmark DK, Norway NO, Sweden SE, France FR, Germany DE, the Netherlands NL, Finland FI, and Britain GB. This move is contingent on the United Statesbeing allowed to purchase Greenland. This announcement has triggered immediate capital flows into safe-haven assets, causing the dollar to weaken despite the new trade pressures placed on European economies.The currency markets responded rapidly to the news from the United States. The Euro / US Dollar rose 0.3% to $1.1638 during afternoon trading in Europe, while the British Pound / US Dollar climbed 0.34% to reach $1.342. In Scandinavia, the Norwegian crown strengthened as the US Dollar / Norwegian Krone fell 0.2% on the day to 10.066.
