Europe preps retaliatory tariffs over Trump Greenland threat
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Gold and silver prices climbed fresh peaks on Monday, as investors flocked to safe-haven assets on intensifying tensions, after U.S. President Donald Trump threatened to impose extra tariffs on European countries over the control of Greenland.
Scott Bessent's comments came a day after President Donald Trump said he would impose tariffs on European countries that reject his push to control Greenland.
U.S. stock futures have skidded after U.S. President Donald Trump threatened to slap a 10% extra tariff on imports from eight European countries due to their opposition to his desire to take control of Greenland.
Trump threatens tariffs on Denmark and European allies to pressure negotiations over Greenland acquisition, with rates potentially rising to 25% by June.
MACHADO MEETING: Trump met with Venezuelan opposition leader María Corina Machado, who presented him with the Nobel Peace Prize that she won last year. Per the Nobel Institute, a Nobel Prize can’t be revoked, shared or transferred.