Stocks sank on Wall Street after Trump threatened to hit eight European countries with new tariffs as tensions escalate over his attempts to assert American control over Greenland.

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

European leaders said U.S. President Donald Trump's threat to impose fresh tariffs on them if they oppose his attempts to buy Greenland was "unacceptable."

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

Donald Trump threatened to impose a 10% tariff from February 1 on all goods sent to the US from eight European countries. That levy would be increased to 25% on June 1 'until such…

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.

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.

Rolling coverage of the latest economic and financial news

Shares of some of Europe's biggest carmakers fell on Monday morning.

European countries are reportedly considering retaliatory tariffs and wider economic counter-measures against the U.S.

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

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

FTSE 100 and dollar slide, while gold and silver hit record highs amid uncertainty over global trade

European leaders are criticizing President Donald Trump and his proposed tariffs, pledging solidarity with Greenland at the World Economic Forum.

Trump has escalated his campaign for U.S. control over the Danish territory.

Stocks sank on Wall Street after Trump threatened to hit eight European countries with new tariffs as tensions escalate over his attempts to assert American control over Greenland.