Overview
- The Dow Jones Industrial Average fell 870.74 points to 48,488.59, with Nvidia down about 4% and Apple and Amazon off roughly 3%.
- President Trump set additional tariffs on eight European countries opposing a U.S. bid for Greenland at 10% in February, rising to 25% in June, to remain until a “complete and total purchase agreement.”
- Markets saw cross‑asset selling as long‑term U.S. yields jumped, the dollar traded around ¥158.10–20, and gold reached record highs.
- Tokyo shares joined the slide, with the Nikkei dropping more than 700 yen intraday and ending the morning session down 297.67 at 52,693.43.
- The European Union signaled retaliatory tariffs of about €93 billion, and Trump also floated a 200% levy on French champagne, reinforcing escalation risk.