Global financial markets plunged as U.S. President Donald Trump threatened steep tariffs on key European and NATO allies in a bid to force a controversial push for control over Greenland. The tariff threats — and an unprecedented 200% tariff warning against France over diplomatic tensions — rattled investors, sending Wall Street and European indices sharply lower. EU leaders are mobilizing retaliatory measures, warning of dangerous economic fallout and a potential trade war. Markets remain volatile amid Davos summit discussions and mounting geopolitical risk.

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