Greenland Tensions Rattle Global Markets
Global markets experienced a downturn on Wednesday, January 21, 2026, following a sharp sell-off in U.S. assets. The market upheaval was triggered by President Trump's threat to impose tariffs on European nations over a dispute regarding Greenland.
The story so far
- Jan 20
- Jan 21
How outlets cover it
3 outletsOpen questions and key claims
Trump wrote that eight European countries will face tariffs “until such time as a Deal is reached for the Complete and Total purchase of Greenland”.
The S&P 500 fell 143.15 points, or 2.1%, to 6,796.86.
The Dow Jones Industrial Average fell 870.74 points, or 1.8%, to 48,488.59.
US futures were pointing to losses when Wall Street resumes trading after Martin Luther King day.
The UK’s FTSE 100 index dropped 1% on Tuesday.
Wall Street sinks as Trump threatens 8 European countries with tariffs over Greenland.
Taiwan’s Taiex index fell more than 1.5 percent, while Japan’s Topix dropped 1 percent.
The price of gold continued to rise, setting a fresh record above $4,800 an ounce.
Who and where
Related stories over time
same people and places- Jan 20 – Jan 21◆ This story
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