Comment from President Donald Trump in Switzerland eased worries of a widespread conflict in Greenland.

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.

Wall Street has its worst day since October as Trump doubles down on threats to take Greenland.

Comment from President Donald Trump in Switzerland eased worries of a widespread conflict in Greenland.

Markets jumped after Trump announced his threatened tariffs over Greenland were called off.

Trump also said that he would not use force to acquire Greenland.

European stocks are expected to open higher after U.S. President Donald Trump said a framework agreement had been reached on Greenland and called off tariffs.