Markets dropped Jan. 20, 2026, on Trump’s Greenland talk and tariff threats, sparking trade and geopolitical fears.

European stocks and global markets declined on January 20, 2026, as President Donald Trump renewed calls to acquire Greenland and threatened new tariffs on European goods, sparking fears of renewed trade tensions. The U.S. dollar weakened for a second straight day, and U.S. Treasury yields rose to a four-month high amid growing investor anxiety over potential protectionist policies and geopolitical instability. Financial markets reacted to the uncertainty surrounding U.S. foreign and economic policy, with equities falling and demand for safe-haven assets increasing.