🚨 Trump vs. Europe: The "Greenland" Tariff Shock & Market Impact
President Trump has sent shockwaves through global markets with a historic tariff ultimatum aimed at eight European nations. Here is what you need to know about the current "Transatlantic Trade War" and its impact on crypto.
The Headline News
The Move: A 10% baseline tariff on all goods from 8 targeted countries starting February 1, 2026.
The Escalation: The rate jumps to 25% on June 1 if a deal isn't reached.
The Reason: Trump is demanding the "Complete and Total purchase of Greenland" from Denmark, citing national security concerns over Arctic influence.
Targeted Nations
The "Greenland Eight" includes:
🇩🇰 Denmark | 🇫🇷 France | 🇩🇪 Germany | 🇬🇧 United Kingdom
🇳🇱 Netherlands | 🇫🇮 Finland | 🇸🇪 Sweden | 🇳🇴 Norway
📈 Crypto & Market Reaction
The announcement has triggered a massive "risk-off" move across the board:
Bitcoin ($BTC ): Dropped from a high of $96,000 to roughly $92,000 as traders braced for economic instability.
Liquidations: Over $875 million in crypto long positions were wiped out within 24 hours of the Truth Social post.
Safe Havens: While crypto dipped, Gold and Silver surged to record highs as traditional investors fled to "hard" assets.
What to Watch Next
Supreme Court Ruling: The US Supreme Court is expected to rule on the legality of these tariffs as early as this week.
The "Big Bazooka": The EU is weighing a €93 billion retaliatory package targeting US tech, aircraft, and agriculture.
The "TACO" Factor: Analysts are watching for a "Trump Always Chickens Out" moment—a historical pattern where he walks back threats once markets react or negotiations begin.
Market Tip: High volatility is expected until the Feb 1 deadline. Keep an eye on the $90k support level for $BTC
