"Tuesday is the first trading day on U.S. stock markets since President Donald Trump escalated his threats over Greenland this weekend. The president threatened additional tariffs on allied countries that objected to his desired takeover of the Danish territory. The geopolitical uncertainty that has emerged appears to be behind a decline in stock futures, particularly in Big Tech stocks. And that fall has reignited concerns about a revived "Sell America" trade. Here's what you need to know."
"Trump's threats included additional tariffs he says will be levied against goods imported to America from eight countries: Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the United Kingdom. The president said an additional 10% tariff will be levied on those countries' goods from February 1, and that additional tariff rate will rise to 25% on June 1 and last "until such time as a Deal is reached for the Complete and Total purchase of Greenland.""
U.S. stock futures fell on Tuesday after President Donald Trump escalated threats related to Greenland, with Big Tech stocks particularly affected. The president threatened additional tariffs on eight allied NATO countries that objected to his desire to acquire Greenland. He announced a 10% tariff starting February 1, rising to 25% on June 1, to remain until a deal is reached for the purchase of Greenland. The move created geopolitical uncertainty and reinvigorated concerns about a renewed "Sell America" trade. European leaders and the European Commission strongly rejected the threats, stressing that Greenland is not for sale and allies should not impose harsh economic consequences.
Read at Fast Company
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