Trump's tariffs on Europe cause Wall Street to fall
Internet
Published at: 20/01/2026 01:47 PM
Faced with investor concern about the new tariff threats of the President of the United States (USA), Donald Trump, against the European Union (EU), in the midst of his intentions to appropriate Greenland, the main Wall Street indices fell to a low of almost three weeks.
After a holiday in the market, US traders were faced with a wave of risk aversion already under way, which pushed the price of gold to new record highs, in addition to dragging down global stocks, and shaking the North American country's Treasury bonds.
The White House announced that on February 1, additional tariffs of 10% would come into effect on imports of products from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Great Britain, all of which are already subject to tariffs imposed by the United States.
The tariffs would increase to 25% on June 1 and would remain until an agreement was reached for the United States to acquire Greenland, Trump wrote in a publication in Truth Social, but the leaders of Greenland and Denmark insist that the island is not for sale.
Mazo News Team