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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida, Heather Stewart and Graeme Wearden in Davos

Wall Street sees worst day since October after Trump tariff threats

Donald Trump speaks to the media alongside Doug Burgum, outside Air Force One
Donald Trump speaks to the media before boarding Air Force One at Palm Beach, Florida. US markets were shut on Monday for Martin Luther King Jr day. Photograph: Kevin Lamarque/Reuters

Stock markets fell on both sides of the Atlantic on Tuesday, with Wall Street suffering its worst day since October, as investor concerns persisted over the fallout from Donald Trump’s push for US control of Greenland.

The sell-off hit US stocks on the first day of trading in New York since Trump threatened new tariffs on eight European countries, after the market was closed for a public holiday on Monday. The S&P 500 closed down 2.1% while the Dow Jones finished down 1.8%.

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