European stocks fall as Trump threatens tariffs over Greenland
By 0840 GMT on Monday, the pan-European Stoxx Europe 600 index falls to 609.9 points, marking a decline of 0.7 percent. In the UK, the FTSE 100 slips 0.1 percent to 10,230 points.
Germany’s DAX 40 drops 0.8 percent to 25,080 points, while France’s CAC 40 records the sharpest losses among major markets, sliding 1.2 percent to 8,162 points.
Southern European markets also trade lower. Italy’s FTSE MIB 30 retreats 1.1 percent to 45,300 points, and Spain’s IBEX 35 eases 0.2 percent to 17,645 points.
The downturn follows Trump’s announcement over the weekend that Washington plans to impose trade penalties on eight European nations for rejecting the proposed US acquisition of Greenland. The measures include a 10 percent tariff on imports from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland beginning February 1, with the rate set to rise to 25 percent on June 1 if no agreement is reached.
European leaders have sharply criticized the tariff threats and indicated they are prepared to respond in a coordinated manner.
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