US stock futures experienced a sharp decline on Monday after Donald Trump threatened to levy a 10 per cent additional tariff on imports from eight European countries. The proposed tariffs are a direct response to these nations' opposition to the United States taking control of Greenland.
The targeted European countries swiftly condemned the move, asserting that Mr Trump's threats "undermine transatlantic relations and risk a dangerous downward spiral." A notably robust joint statement, issued by Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland, marked the most forceful criticism from European allies since Mr Trump's return to the White House nearly a year ago.
