Trump Cancels EU Tariff Threat: What It Means for Markets
Recently, U.S. President Donald Trump announced he was cancelling his planned tariff threat on several European countries — a move that has eased investor fears and sparked market rallies both in the U.S. and Europe.
The tariff threat had been tied to Trump’s controversial push to exert greater influence over Greenland and came after tensions escalated when he threatened to impose tariffs on imports from eight European nations if the U.S. did not secure strategic concessions regarding the island.