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Wall Street plunges amid global selloff over Trump Greenland tariff threats
President Trump’s 10% tariff threat on eight NATO countries linked to Greenland deal sparks global market declines, including a 1.3% drop in the Dow Jones, analysts said.
- On Tuesday, all three major Wall Street indexes closed well down, joining a broad global selloff hitting Europe and Asia amid President Donald Trump's tariff threats.
- President Donald Trump said he would impose a 10% import tax starting February 1 on goods from eight European countries, raising tariffs to 25% on June 1 until a Greenland purchase is agreed.
- Major technology and consumer names led declines, with Nvidia plunging 3.6% and Amazon falling 3.7%, while the S&P 500 lost 143.12 points and the Nasdaq Composite dropped 559.44 points.
- Investors moved into precious metals while U.S. Treasuries saw long-end selling, with gold up 3.7%, silver soaring 6.9%, and the 10-year Treasury yield rising to 4.29% from 4.23% Friday.
- European leaders denounced the tariff threat as undermining transatlantic ties and are weighing retaliatory tariffs and use of the European Union's anti-coercion instrument, while markets watch Thursday's Personal Consumption Expenditures price index before the Federal Reserve meets next week.
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60 Articles
60 Articles
Wall Street ends lower amid global selloff on Trump Greenland tariff threats
All three major Wall Street indexes closed well down on Tuesday, joining other global stock markets in a broad selloff triggered by concerns that fresh tariff threats from President Donald Trump against Europe could signal renewed market volatility.
·United Kingdom
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Coverage Details
Total News Sources60
Leaning Left15Leaning Right8Center24Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 32%
C 51%
R 17%
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