Stock markets fall as Trump steps up Greenland tariff claims
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Stock markets in the US and Europe fell on Tuesday amid escalating trade tensions spurred by President Trump's renewed interest in acquiring Greenland. The UK's FTSE 100 and European indexes like France's Cac 40 and Germany's Dax experienced significant drops. Investors sought safe-haven assets, driving gold and silver prices to record highs. Trump threatened tariffs on European countries until a deal is reached for Greenland's purchase, citing Britain's decision to cede the Chagos Islands to Mauritius as a reason for his interest. US cruise operators and fashion companies are expected to be negatively impacted, and Trump also threatened tariffs on French wines, further unsettling global trade.
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