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US stock futures waver after the S&P 500 posted its biggest drop in three months. President Trump brushes off concerns that his Greenland threats will spoil trade deal with the EU ahead of his address in Davos. Shares of Netflix fall after a tepid outlook citing higher program spending and the potential cost for its Warner Bros. Discovery bid. Salesforce CEO Marc Benioff and US Special Envoy Steve Witkoff join Bloomberg Brief from the World Economic Forum in Davos. (Source: Bloomberg)...
They're "Playing A Very Dangerous Game": Trump Slaps 10% Tariff On 8 European Countries Opposing Greenland Deal
"These Countries, who are playing this very dangerous game, have put a level of risk in play that is not tenable or sustainable," warned President Trump as he escalated his quest to acquire Greenland, threatening multiple European nations with tariffs of up to 25 percent until his purchase of the Danish territory is achieved.
A 10% tariff "on any and all goods sent to the United States of America" will impact Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland starting Feb. 1, according to a Truth Social post on Jan. 17. .
On June 1st, 2026, the Tariff will be increased to 25%.
The countries are all NATO members.
“This Tariff will be due and payable until such time as a Deal is reached for the Complete and Total purchase of Greenland,” Trump wrote.
Trump has repeatedly claimed that the United States needs Gree...
Nvidia said its revenue forecast has gotten brighter due to strong demand and large customer deals. The company suggested that revenue from current and future data center chips by the end of 2026 would eclipse the $500 billion level. CEO Jensen Huang says "[Nvidia] should have a very good year". Defense companies remain on alert after the White House does not rule out using the military to take Greenland. Meanwhile, oil prices fall after Donald Trump says Venezuela will send fossil fuel supplies to the US.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)...
US Intel Agencies Ordered To Target Greenland As Takeover Plotting Intensifies
In the latest indicator of President Trump's determination to close America's biggest-ever land acquisition by whatever means necessary, US intelligence agencies have been directed to step up their efforts to gather information about Greenland, Denmark and their internal political dynamics, according to two people "familiar with the effort" who leaked the news to The Wall Street Journal.
Director of National Intelligence Tulsi Gabbard lashed out at the leaks: “The Wall Street Journal should be ashamed of aiding deep state actors who seek to undermine the President by politicizing and leaking classified information. They are breaking the law and undermining our nation's security and democracy.” Opting against similar fire-breathing, National Security Council spokesman James Hewitt was restrained: “The president has been very clear that the U.S. is concerned about the security of Greenland and th...