President Trump threatens broad tariff hikes on historic allies. Financial markets are reeling. It's unclear whether the administration backtracks.
- You would be forgiven for thinking we were talking about the spring of 2025. This is the current backdrop, one that feels similar to a period of extreme uncertainty that investors and CEOs may have believed was behind us.
- This time, the issue at hand is Trump's effort to coerce NATO ally Denmark into handing over Greenland.
Why it matters: This weekend's events — and the fallout in financial markets evident Tuesday morning — are reminders that there might not be a magical pivot point where the economic, trade and geopolitical outlooks suddenly look more certain under Trump.
