US EditionHow Trump's Greenland Tariffs Will Hit Investments and Pensions - and What to Do
Swiss stocks fell up to 3.6% after U.S. President Trump announced tariffs tied to Greenland, while safe-haven assets like gold and the Swiss franc rose amid geopolitical tensions.
- On Monday, January 19, 2026, global and European stocks slid after US President Donald Trump vowed tariffs on eight European nations until the US can buy Greenland.
- The president tied the measures to national security, saying he will impose additional 10% levies from February 1, rising to 25% on June 1 if no Greenland deal is reached, accusing European countries of playing `a very dangerous game`.
- On the Swiss exchange the SMI dropped 0.88%, while Julius Bär fell 3.6%, Richemont and VAT Group lost 3.0%, with nearly all leading stocks trading lower as gold and silver prices hit new highs.
- EU officials warned retaliation could include tariffs on 93 billion euros, and French President Emmanuel Macron plans to ask Brussels to activate the EU anti-coercion instrument, while George Lagarias said, `There is obviously a response to the new tariff threats`.
- Ahead of his Davos visit on Wednesday, safe-haven demand lifted as the dollar eased 0.4% against the Swiss franc and Brent fell 0.8% to $63.64 amid trade tensions.
17 Articles
17 Articles
The market's reaction to the threat of alleged tariffs in Greenland has been extremely revealing
How Trump's Greenland tariffs will hit investments and pensions - and what to do
Stock markets across the globe have dipped after Donald Trump said he would charge tariffs on multiple European countries including the UK until a deal is reached for Washington to purchase Greenland from Denmark. The US President said he would impose a 10 per cent tariff “on any and all goods” sent to the USA from 1 February, increasing to 25 per cent from 1 June. The tariffs will apply to Britain, Denmark, Norway, Sweden, France, Germany, the …
The American Congress could ban the President from invading Greenland or imposing new tariffs on Europeans, with the rebels among the Republicans motivating different reasons.
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