TLDRGlobal stock markets are bracing for falls after Donald Trump threatened to impose 25% tariffs on goods from eight European countries, including the UK, in a bid to support his plan to acquire Greenland. The proposed tariffs, set to take effect on 1 June, have sparked concerns over the potential unravelling of NATO alliances and the disruption of trade agreements, leading to a surge in demand for precious metals as a safe haven. European leaders have criticized the move, warning it could undermine the NATO defence alliance and harm the European economy.

Source: The Guardian January 19, 2026 10:12 UTC