Stunning chart shows Trump’s 'saber-rattling' already 'cost US one Greenland': economist
AlterNet • • business
Key Points:
- President Donald Trump's attempt to acquire Greenland has reportedly cost the U.S. $750 billion in lost market value, according to University of Michigan professor Justin Wolfers.
- The S&P 500 opened down 1.3 percent, reflecting significant wealth destruction equivalent to the estimated value of Greenland, with no tangible gains from the effort.
- Global markets also suffered, with major European indices like France’s CAC 40, Germany’s DAX, and Italy’s FTSE MIB all falling around 1.1 to 1.5 percent, while the U.S. dollar weakened by 1 percent.
- Tensions escalated as Trump threatened a 200 percent tariff on French wine and champagne following French President Macron's refusal to join Trump's proposed
