"United States President Donald Trump's push to take control of Greenland has rattled investors worldwide, with stock markets and the US dollar tumbling following his latest threats over the territory. Trump, who claims that Greenland is vital to US security due to China and Russia's strategic ambitions in the Arctic, has threatened Denmark and seven other European countries with steep tariffs unless a deal is reached to sell the self-governed Danish territory a warning which appears to have shaken markets."
"Wall Street's benchmark S&P 500 fell nearly 2.1 percent on Tuesday as Trump doubled down on his threats to take over the Arctic island. The tech-focused Nasdaq Composite plunged nearly 2.4 percent, while the Dow Jones Industrial Average fell nearly 1.8 percent. The declines marked Wall Street's worst day since October. The US dollar, traditionally a safe haven for investors during periods of stock market volatility, fell 0.8 percent against a basket of major currencies."
Donald Trump's push to take control of Greenland rattled investors worldwide and pushed stock markets and the US dollar lower. Trump framed Greenland as vital to US security because of China and Russia's Arctic ambitions and threatened Denmark and seven other European countries with steep tariffs unless a sale occurred. Major US equity indexes plunged—S&P 500 nearly 2.1%, Nasdaq about 2.4%, Dow about 1.8%—marking the worst day since October. The US dollar fell 0.8% while gold gained nearly 2% to a record high above $4,700 an ounce. European and Asian markets also declined. Trump refused to rule out military force, raising NATO tensions.
Read at www.aljazeera.com
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