Rolling coverage of the latest economic and financial news

US president said levies against eight nations would rise to 25% unless they support his acquisition of the island

President said 10% tariff on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland will begin on 1 February and increase to 25% on 1 June

Using one of his favourite weapons to win an argument, the president underlines the unstable nature of any deal with Trump

The US president says several European allies opposed to his plans to buy Greenland will face 10% tariffs from February.

French president says ‘no amount of intimidation’ will make EU change course on Greenland

The spectre of rising inflation, slowing global trade and jittery markets has re-emerged as US economic policy divorces itself from any logic

Losses on stocks likely with precious metals forecast to spike even higher after move to impose 25% levies on European allies

The European Union is having an emergency meeting to devise a response to Trump's tariff threats over Greenland.

If economic sanctions are designed to apply pressure without firing a shot, then U.S. President Donald Trump has aimed at America's closest military allies.

European stocks are expected to open sharply lower on Monday as traders react to U.S. President Donald Trump's threat to hike tariffs on a number of European countries.

If economic sanctions are designed to apply pressure without firing a shot, then U.S. President Donald Trump has aimed at America's closest military allies.

Rolling coverage of the latest economic and financial news

Price of gold jumps 1.6% in early trading and dollar falls 4% against safe-haven currencies after US president threatens tariffs on Nato allies

Donald Trump's plan to impose import taxes over Greenland pushed investors toward precious metals.

U.S. President Donald Trump's has threatened a rising wave of tariffs on several European allies, sounding the alarm for businesses across the region.

"While in many ways it feels like the U.S. holds the economic cards, it doesn’t hold all the funding cards in a world that will be very disturbed by the weekend’s events."

Europe is weighing up how to counter the US president's move against some of America's closest allies.

Europe could use powerful but untested law amid pressure over Greenland – but it could also lose out from a trade war

Euro and sterling gain against US currency despite potential economic damage from new American tariffs

Stock futures on Monday night pointed to a downbeat session on Wall Street as President Donald Trump intensifies his rhetoric on Greenland.