Tariff gambit on allies roils markets amid Greenland standoff
TL;DR Summary
Trump threatens a 10% tariff on eight NATO allies to pressure Denmark to sell Greenland, sending markets lower and keeping investors wary of further hikes (potentially 25% in June) as policy volatility persists.
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- S&P 500 Sheds $750 Billion—Greenland’s Estimated Value—On Trump’s Threats, Economist Says Forbes
- Will the TACO trade save markets from Trump's Greenland threats? Here are 3 scenarios analysts are eyeing. Business Insider
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