Donald Trump announced a 10% tariff set to take effect February 1st on a group of countries including Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland.
And this is only the first step.
According to the announcement, the tariff will be raised to 25% starting June 1st if no agreement is reached. The condition?
The tariffs will stay in place until the United States reaches a deal to purchase Greenland.
Trump’s message was blunt and provocative:
“It is time for Denmark to give back.”
Markets didn’t wait to digest the details — risk assets reacted immediately, and BTC sold off hard. This isn’t just about tariffs; it’s about uncertainty, geopolitics, and how quickly narratives can flip sentiment.
EU leaders are expected to impose tariffs on more than $107 billion worth of goods imported from the United States. The measure announced last year in retaliation for Washington’s tariffs, has further escalated tensions.
When politics enters the chat, volatility follows.
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