President Donald Trump said he would slap 10% tariffs on imports from eight European countries beginning next month, as he ramps up a pressure campaign on Denmark to sell Greenland to the U.S. Denmark,

Global markets are facing volatility after President Donald Trump vowed to slap tariffs on eight European nations until the U.S. is allowed to buy Greenland, injecting fresh trade uncertainty as stocks slid and the dollar broadly weakened.

Eight NATO nations – including Denmark, of which Greenland is an autonomous territory – slammed Trump's latest tariffs as "dangerous" to transatlantic relations in a statement. In a Truth Social post on Jan.

Europeans were reeling Sunday from President Trump's announcement​ that eight countries will face a 10% tariff for opposing American control of Greenland.

The prime minister also tells the US president that security in the Arctic remains a priority "for all Nato allies".

China has reported its economy expanded at a 5% annual pace in 2025, buoyed by strong exports despite U.S. President Donald Trump’s tariffs.

Bessent's comments come one day after Trump said he would impose new tariffs on some European goods until a deal is struck for the U.S. to acquire Greenland.

Trump threatens tariffs on Denmark and European allies to pressure negotiations over Greenland acquisition, with rates potentially rising to 25% by June.