Young people holding placards that read “Greenland is not for sale!” On January 17, 2026, nearly one-third of the city’s population took part in a demonstration in Nuuk, Greenland, near the U.S. Consulate General in Greenland, to protest the U.S. President’s plans to occupy Greenland.
Alessandro Rampazzo AFP | Getty Images
LONDON — European stock markets are expected to open sharply lower on Monday as traders react to U.S. President Donald Trump’s threat to raise tariffs on many European countries if they oppose his bid to buy Greenland.
british FTSE German index is expected to open 0.5% lower dachshund 1.23% lower, France CAC40 10.63% decrease in Italy FTSE MIB According to IG data, it fell 1.24%.
The expected morning market decline comes after President Trump announced on Saturday that eight European allies could raise tariffs by 10% starting February 1 and up to 25% June 1 if Washington fails to reach a deal to “buy” the semi-autonomous territory of Greenland, which is part of Denmark.
President Trump said on his social media platform Truth Social on Saturday that products from eight NATO countries going to the United States will face increased tariffs “until we reach an agreement on the full and comprehensive purchase of Greenland.”
President Trump said the proposed tariffs would target Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland. European leaders called the tariffs “unacceptable” and vowed to support Denmark.
Markets are also keeping an eye on the World Economic Forum, which opens this week in Davos, Switzerland. Trump is scheduled to address the forum on Wednesday.
There are no big financial results this week, but on the data side, inflation data for the euro area will be released.
