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Fortune

Jason Ma

NATO vs. 'TACO' trade: Dow futures tumble 400 points on Trump's latest tariffs while Wall Street hopes for de-escalation at Davos

Donald Trump Dow NATO Taco United States Greenland

(Credit: Michael Nagle/Bloomberg via Getty Images)

U.S. stock futures dropped late Monday after global equities sold off as President Donald Trump launches a trade war against NATO allies over his Greenland ambitions.

Futures tied to the Dow Jones industrial average sank 401 points, or 0.81%. S&P 500 futures were down 0.91%, and Nasdaq futures sank 1.13%.

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