World markets jolted, euro softens, as Trump vows tariffs on Europe over Greenland


A person walks along a street on the day of the meeting between top U.S. officials and the foreign ministers of Denmark and Greenland, in Nuuk, Greenland, January 14, 2026. REUTERS/Marko Djurica/File Photo

LONDON, Jan 18 (Reuters) - Global ‌markets are facing volatility after President Donald Trump vowed to slap tariffs on eight European nations until the U.S. is allowed to buy Greenland, news that pushed the euro ‌to a seven-week low in late Sunday trading.

Trump said he would impose an additional 10% import tariff from February 1 on goods from Denmark, Norway, Sweden, France, ‌Germany, the Netherlands, Finland and Britain, which will rise to 25% on June 1 if no deal is reached.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Iran to be high on G7 ministerial agenda at upcoming meeting, Canada says
2nd LD Writethru: Int'l passenger train from China to DPRK arrives in Pyongyang
Global nuclear capacity under construction hits 40-yr high: IEA chief
Roundup: Rising fuel prices weigh on Zimbabwean commuters amid Middle East crisis
World Bank approves 137 mln USD to boost digital integration, job creation in West Africa
Real Madrid joy tempered by Mendy injury
74 Burundian refugees repatriated from Rwanda
Gunman shot dead at Virginia university after injuring two
Hungary returns seized Ukrainian bank vehicles, withholds cash and gold
Russia says eight medics killed in Ukrainian drone attack in Donetsk region

Others Also Read