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International Business Times

Business

Wall Street Loses Ground as Trump Threatens European Tariffs, Global Markets Fall

Mỹ European Union Donald Trump Europe and US Federal Reserve

U.S. President Donald Trump delivers remarks alongside Sen. Tim Scott (R-SC) (L) and Federal Reserve Chair Jerome Powell as they tour the Federal Reserve’s $2.5 billion headquarters renovation project on July 24, 2025 in Washington, DC.

Wall Street tumbled sharply Tuesday after President Donald Trump threatened new tariffs on eight European countries, sending shockwaves through global markets.

The announcement, tied to Trump's controversial push to assert American influence over Greenland, triggered widespread selling across nearly all sectors.

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One subscription that gives you access to news from hundreds of sites

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