U.S. Futures Sink as Trump Threatens Higher Tariffs Against Greenland Backers

U.S. stock futures fell sharply early Tuesday, signaling investor concern over President Donald Trump’s tariff threats against European allies amid his push to take control of Greenland, a move critics say would violate Denmark’s sovereignty and territorial integrity. Siladitya Ray reported for Forbes.

The benchmark S&P 500 futures index sank 1.73 percent to 6,856 points, the Dow futures fell 1.61 percent to 48,751 points, while the Nasdaq futures dove more than 2 percent to 25,157 points. (Photo: New York Stock Exchange Facebook)

In early trading, the benchmark S&P 500 futures index sank 1.73 percent to 6,856 points, while Dow futures fell 1.61 percent to 48,751 points.

The tech-heavy Nasdaq futures were the worst hit, diving more than 2 percent to 25,157 points.

European markets also declined, with the pan-European STOXX Europe 50 falling 1.32 percent amid Trump’s threats to impose new tariffs on countries opposing his bid to take over Greenland.

London’s FTSE 100 slid 1.32 percent, while Germany’s DAX and France’s CAC 40 fell 1.37 percent and 1.20 percent, respectively.