Trump Tariff Threat to Weigh on Risk Sentiment, European Stocks

Trump on Saturday announced a 10% tariff as of Feb. 1 on goods from European countries that have rallied to support Greenland in the face of US threats to seize the semi-autonomous Danish territory. The announcement drew a quick rebuke from European leaders including French President Emmanuel Macron, who intends to request the activation of the European Union’s anti-coercion instrument — the bloc’s most powerful retaliatory tool.