Global Markets React to US Tariff Threats on Europe Over Greenland Dispute

Global markets experienced volatility following US President Donald Trump's announcement of new tariffs on imports from eight European countries over his bid to acquire Greenland. The tariffs, set to start at 10% in February and potentially rise to 25% in June, prompted strong rebukes from European nations and raised concerns about trade tensions. Asian and Australian stocks declined, US futures fell, and investors sought safe-haven assets amid uncertainty. Meanwhile, China's economy grew 5% in 2025, supporting oil prices despite tariff-related risks.