Trump's Tariff Plan Signals Escalation of Rhetoric On Greenland -- Market Talk
Dow Jones01-19 15:58
0758 GMT - The imposition of tariffs marks an escalation in Trump's rhetoric on Greenland and shows that he is serious in escalating matters to acquire the island, Jefferies' Mohit Kumar says in a note. Trump threatened a 10% tariff on eight European countries as of Feb. 1, to be raised to 25% from June 1, unless the U.S. secures a deal to purchase Greenland. Jefferies' base case is that the Feb. 1 deadline will get postponed as diplomatic talks will start between the EU and the U.S. "However, we do not think that Trump will reverse his policy of these additional tariffs, as the matter of Greenland is not so easy to resolve," the global economist says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
January 19, 2026 02:58 ET (07:58 GMT)
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