Greenland threats and tariff warnings spark major US asset selloff
White House threats regarding Greenland and European tariffs triggered a global selloff on January 20. Markets saw the largest dollar drop since December.
Insights:
On January 20, 2026, White House threats regarding the future of Greenland and renewed tariff warnings against European allies triggered a significant broad selloff across United States 
USassets. Investors returning from a long holiday weekend dumped dollar assets, driving the U.S. Dollar Index down 0.7%, its largest one-day decline since mid-December. This geopolitical escalation, spearheaded by remarks from President Donald Trump donald trumpon Monday, activated a "Sell America" trade pattern previously observed after the April Liberation Day tariff announcements.
USassets. Investors returning from a long holiday weekend dumped dollar assets, driving the U.S. Dollar Index down 0.7%, its largest one-day decline since mid-December. This geopolitical escalation, spearheaded by remarks from President Donald Trump donald trumpon Monday, activated a "Sell America" trade pattern previously observed after the April Liberation Day tariff announcements.
