US futures and global shares decline on jitters over Trump’s push on Greenland
AP News • • world
Key Points:
- U.S. futures and European markets dropped sharply amid tensions caused by the Trump administration's threat to impose a 10% import tax on goods from several European countries, including Denmark, Norway, and Germany, due to their opposition to American control over Greenland.
- European leaders are considering retaliatory measures, including tariffs and invoking the EU's anti-coercion instrument, while U.S. Treasury Secretary Scott Bessent urged calm, stating that U.S.-Europe relations remain strong despite the tariff threats.
- In Asia, Japan's Nikkei 225 fell 1.1% following Prime Minister Sanae Takaichi's announcement of a snap election, which has raised concerns about increased government spending and led to a surge in long-term Japanese government
