Trump's Greenland tariff flip sparks whiplash rally in US stocks [Wealth Professional (Canada)]
NOMURA RSRCH UNSP/ADR (NRILY)
NASDAQ:AMEX Investor Relations:
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Source: Wealth Professional
US President Donald Trump turned a Greenland tariff scare into a one-day buying window, sending US markets from their worst drop since October to their biggest gain in weeks. Earlier in the week, Trump threatened new tariffs on eight European allies unless they helped facilitate a US takeover of Greenland, which triggered a sharp “sell America” move across US equities, the dollar and Treasuries, according to The New York Times The S&P 500 and Nasdaq fell to their lowest levels in months and slipped into negative territory for 2026 after that warning. European lawmakers quickly pushed back. The European Parliament suspended work on a trade deal with the US , and the European Union called an emergency summit in Brussels after the Greenland demands and tariff threats, according to CNBC Then Trump flipped the script in Davos. He told business and political leaders he would not use force to seize Greenland and later said on CNBC that “we have a concept of a deal” with Greenlan
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