The European Union Stock market crashed today as a direct result of the Tariffs they plan to face on the transfer of Greenland from Denmark to the US.
Greenland, a Danish territory will swallow 10% tariff on all goods sent to the US on 2/1/26, February 1st, 2025. They are not alone…Britain, Germany, France, the Netherlands and Finland are standing behind Denmark and will also incur these new EU tariffs. If Greenland is not sold to the US by June 1st, the tariffs will increase to 25%.
The UN predicts worldwide economic expansion will retract this year by 2%.
The world economy is heading for a modest slowdown this year as Trump’s trade barriers take a heavier toll and political uncertainties mount, according to the United Nations’ latest economic forecast released Thursday.
The German and French finance ministers said on Monday that European powers would not be blackmailed and that there would be a clear and united response to US Governments threats of higher tariffs over Greenland.
The 3 outstanding questions which will be answered in the months ahead are:
1.How will these European Union NATO countries retaliate?
2.What will happen to NATO as an overall organization?
3.How will this issue impact the US and global economy in 2026?
NoFluffBizRants 
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