US futures sink after Trump warns of higher tariffs for 8 countries over Greenland issue
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US stock futures and European shares declined on Monday after President Trump threatened to impose a 10% tariff on imports from eight European countries. The tariffs are in response to these countries opposing the US taking control of Greenland. Germany's DAX and France's CAC 40 both experienced significant losses, while Britain's FTSE 100 also declined. Futures for the S&P 500 and the Dow Jones Industrial Average also fell. The targeted European nations criticized Trump's tariff threat, stating that it damages transatlantic relations.
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