World stock markets brace for turbulence after Trump’s latest tariff shock

Losses on stocks likely with precious metals forecast to spike even higher after move to impose 25% levies on European allies

• Trump threatens 25% tariff on allies until Denmark sells Greenland

• Analysis: tariff threats are bad, but the uncertainty is far worse

Global stock markets are bracing for falls when trading resumes on Monday after Donald Trump threatened eight European countries with fresh tariffs until they support his ambition to acquire Greenland.

The US president’s plan to impose new trade levies of 10% on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland from 1 February, rising to 25% on 1 June, is creating fear in the markets, and among European businesses.

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Source: www.theguardian.com

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