“Greenland is not for sale!” Young people holding placards. On January 17, 2026, Nuuk, Greenland, attend a demonstration outside the U.S. Consulate in Greenland, where nearly a third of the city’s population gathers to protest the U.S. president’s plan to annex Greenland.
Alessandro Rampazzo | Afp | Getty Images
LONDON – European stocks are expected to fall sharply on Monday as traders react to US President Donald Trump Trump threatens to raise tariffs while a number of European countries opposed his offer to buy Greenland.
of Great Britain FTSE the index opened 0.5% lower in Germany DAX 1.23% lower than that of France CAC 40 decreased by 10.63%, and that of Italy FTSE MIB Down 1.24%, according to IG.
The expected morning drop for markets comes after Trump’s announcement on Saturday eight European allies face rising tariffsStarting at 10% on February 1 and rising to 25% on June 1, it would allow Washington to “buy” Greenland, a semi-autonomous territory that is part of Denmark, if no deal is reached.
Goods from eight NATO countries sent to the US will face increased tariffs “until an agreement is reached on the full and complete purchase of Greenland”. Trump said on Saturday on his Truth Social social media platform.
The proposed tariffs target Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland, Trump said. This was announced by European leaders the rates were ‘unaffordable’ and swore to stand behind Denmark.
Markets are also closely watching the World Economic Forum, which begins this week in Davos, Switzerland. Trump will address the forum on Wednesday.
There are no major earnings this week, although on the data front, Eurozone inflation data is needed.